The deficit now won’t be cut by the end of the Parliament says chancellor Philip Hammond November 23, 2016 The UK government will cut the deficit at a slower rate than previously forecast, according to the Office for Budget Responsibility (OBR). The government's fiscal outlook has been significantly damaged by the cut in GDP growth forecasts. Public sector net borrowing will be £68.2bn in 2016-17, before falling to £20.7bn by 2020-21. During this Parliament [...]
The OBR has cut forecasts of UK growth for the next five years as Brexit takes its toll November 23, 2016 Official forecasts of the UK’s economic growth until 2020 have been cut, as economists start to take stock of the medium-term impacts of the UK’s decision to leave the European Union. The lower growth has also prevented the government from running a budget surplus by the end of this Parliament in 2019-20. The UK’s gross [...]
Jury delivers guilty verdict in trial of Jo Cox murder accused Thomas Mair November 23, 2016 Thomas Mair has been found guilty of the murder of Jo Cox MP. Cox died in June after being shot and stabbed outside a library in Birstall where she held her weekly advice surgeries for her constituency of Batley and Spen. The mother of two became an MP in May 2015. Mair, a 52-year-old local man, [...]
More could be done to comfort businesses, Brexit experts tell MPs November 23, 2016 Business could be offered more reassurance on their post-Brexit status than they have been, Brexit experts have told MPs today. Speaking to the Exiting the European Union Committee, a trio of think tank representatives noted that, although political and corporate concerns in the run to the Brexit negotiations were very different, more could be done to put businesses' minds [...]
EU pushes for banking rules to be brought in line with the rest of the world November 23, 2016 The European Commission has today unveiled a slew of potential reforms designed to keep the banking sector propped up in the event of an economic downturn and to bring the EU industry more in line with the rest of the world. Included among the proposals are tweaks to capital requirements to make them more sensitive to [...]
MPs are going to debate shutting shops on Boxing Day after petition November 23, 2016 MPs are going to debate shutting shops on Boxing Day after a petition calling for stores to close on the 26 December gathered more than 130,000 signatures. The debate is scheduled for 12 December. The petition, created by Jack Johnson, has gathered 137,871 signatures. Johnson said in the introduction to his petition: "Retailers ram boxing [...]
#awks: Jack Dorsey’s Twitter account was accidently suspended November 23, 2016 Twitter last week took action to crackdown on trolling on the social network, but now it appears to have accidently taken things a little too far. The account of Twitter co-founder and chief executive Jack Dorsey was suspended in error early on Wednesday morning Was someone trying to make a point? It seems not, with just an [...]
Tech enthusiasts plot Black Friday spending spree, planning £425 of purchases November 23, 2016 Tech enthusiasts are planning to go wild this Black Friday, according to a new study. Some 60 per cent of those surveyed by media company Future said they were planning to make a purchase this year, compared with 34 per cent who did so last year. Read more: Morrisons are getting hunks to help lift [...]