After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Inflation leaps above expectations to 3.5 per cent October 21, 2026 Inflation jumped to 3.5 per cent in the 12 months to September as the UK economy looks set to suffer the damaging effects of energy price increases caused by the Iran war over the coming months. The consumer price index (CPI) reading rose above market expectations. This was also above last month’s figure of 3.1 [...]
Budget 2026: If Healey really thinks banks are a jewel in the crown why is he raising taxes? October 21, 2026 Banks already pay billions in tax. If John Healey really wants to Budget for growth, investment and predictability, he should keep taxes stable, says David Postings Chancellor John Healey recently described banking as the “jewel” in the “British economic crown”. I completely agree. I have worked in banking for decades. Born in Wolverhampton, I know [...]
Why a ‘do no harm’ Budget isn’t good enough October 21, 2026 Labour market statistics can be pretty dry. Inactivity rates, nominal regular earnings growth, payroll numbers and claimant counts tend not, at first glance, to fire up the imagination. The data dumps are hoovered up by economists and analysts, not least as a guide to future Bank of England interest rate decisions or as a barometer [...]
Warehouse tax ‘dropped over fears of Trump trade war’ October 21, 2026 Andy Burnham’s plans for a so-called ‘warehouse tax’ were dropped over fears a raid on US firms like Amazon could spark a trade war with Donald Trump, a top industry body has claimed. The Prime Minister, during his campaign to become Makerfield MP, pledged to hike business rates on “out of town” warehouses to fund [...]
OBR expected to sound alarm on Healey’s spending pressures October 21, 2026 Britain’s fiscal watchdog is likely to sound the alarm on the spending pressures facing the government when it lays out its analysis of the Budget next week, economists have predicted, in what would be a significant move signalling the scale of the challenges facing the Chancellor. Analysts have said the Office for Budget Responsibility could [...]
OBR expected to flag warning over Healey’s spending pressures October 21, 2026 Britain’s fiscal watchdog is likely to sound the alarm on the spending pressures facing the government when it lays out its analysis of the Budget next week, economists have predicted, in what would be a significant move signalling the scale of the challenges facing the Chancellor. John Healey is facing a crunch Spending Review next [...]
‘Own goal’ – City chiefs warn Healey higher bank taxes hurt jobs outside London October 21, 2026 Top City chiefs are launching last-ditch attempts to stop a punishing tax raid on banks at the Budget, warning the move will hurt jobs and growth outside of London. Rain Newton-Smith, the chief executive of the CBI, is set to warn Chancellor John Healey that increasing taxes on banks would be an “own goal for [...]
Healey’s cost of living battle just got harder as workers face ‘real terms pay cut’ October 20, 2026 Andy Burnham and John Healey have spoken at length about efforts to provide “breathing space” to both households and businesses. This task at next week’s Budget has now become more difficult. Over the summer the jobs market continued to weaken. Workers are at risk of being worse off while job seekers are finding it harder [...]
Badenoch urges Healey to avoid ‘fictional cuts’ October 20, 2026 Tory leader Kemi Badenoch has urged Chancellor John Healey to focus on urgently cutting spending and avoid making “fictional cuts” at the end of parliament. In a speech in London on Tuesday, Badenoch will warn that Labour’s deficit reduction plans rely on “huge cuts to the public sector in the final year of the spending [...]
John Healey rules out capital gains tax hike in Budget October 20, 2026 John Healey has squashed speculation he will raise capital gains tax in the forthcoming Budget after rejecting calls from his Cabinet colleagues. The Treasury was facing lobbying efforts from top ministers, including Louise Haigh and Wes Streeting, to raise the capital gains tax (CGT) rate from its current level of 24 per cent for higher [...]