Growing labour market slack ‘strengthens case for further rate cuts’ October 7, 2024 "A greater number of candidates and reduced demand helped to limit pay growth," the survey said.
Growth set to return but fears persist ahead of budget October 7, 2024 City economists expect figures published on Friday to confirm that the UK grew 0.2 per cent in August, having been stagnant for the two months prior.
Retail bosses urge Chancellor to reform business rates to boost growth October 7, 2024 The letter, co-ordinated by the British Retail Consortium (BRC), argued the retail industry paid 7.4 per cent of all business taxes when it only made up five per cent of the overall economy.
It wasn’t supposed to be this way, was it? October 7, 2024 Kremlinology is an old Cold War concept referring to the study of key individuals high up in the Soviet government. Who was in favour, who hadn’t been seen in a while, who was winning power struggles and who had been shot; Western analysts devoured such intelligence in an effort to understand who was actually in [...]
How Labour can deliver an industrial renaissance October 7, 2024 Energy transition can be economic transition, writes Aniruddha Sharma, Chair & CEO of Carbon Clean Blink and you could have missed it, yet a brief sentence in the King’s Speech in July signalleda huge statement of intent in generating economic growth. The new government’scommitment to establishing an Industrial Strategy Council sent an encouraging signal tobusiness. [...]
Fears grow about Labour’s private school VAT raid October 6, 2024 According to analysis published by the Independent Schools Council (ISC) last week, there was a 1.7 per cent drop in the number of children attending private school in the last year.
Ex-cabinet secretary says £200,000 job is ‘massively underpaid’ October 6, 2024 Ex-cabinet secretary Gus O'Donnell has said the UK's most senior civil servant is "massively underpaid" at £200,000 per year.
TGI Fridays rescue deal nears completion October 6, 2024 A rescue deal for TGI Fridays’ embattled UK operations is set to be finalised over the weekend, potentially saving over 2,000 jobs. Breal Capital and Calveton, owners of restaurant group D&D London, are expected to acquire a majority stake in the American diner-inspired restaurant chain as soon as Monday, according to Sky News. Final details are [...]
IFS joins calls for ‘serious reform’ of capital gains tax October 6, 2024 Rachel Reeves is reportedly considering a range of tax hikes in the budget, including to CGT, as she seeks to put the public finances on surer footing.
Build more data centres or lose AI race, London warned October 6, 2024 Britain can cement itself as a leader in generative AI, but it needs to scale up its digital infrastructure, according to the UK and Ireland managing director of data centre REIT giant Digital Realty. Speaking to City AM, Séamus Dunne said building more data centres in the capital is crucial to support the next phase [...]