‘Strike the right balance’: Rachel Reeves doesn’t rule out capital gains tax hike August 6, 2024 Rachel Reeves has refused to rule out a hike to capital gains tax, insisting it was vital to “strike the right balance” when it came to fiscal policy.
Labour’s mutant algorithm will put houses in places that need them least August 5, 2024 Why has Labour reduced building targets in areas where the housing crisis is most acute – like London – while blanketing more affordable places, like Burnley, with new development? It all comes down to the algorithm, explains Josh Coupland On Tuesday, newly crowned yimby queen, Angela Rayner announced a raft of measures to get Britain [...]
Government cancels £1.3bn in AI funding as spending cuts bite August 2, 2024 The new Labour Government has shelved £1.3bn of “unfunded” investment for UK tech and AI projects promised by the Conservatives. The Department for Science, Innovation and Technology (DSIT) said no new funding for the programmes had been allocated in the previous Tory government’s spending plans, and therefore will not be taken forward. It included £800m [...]
The real ‘black hole’ in the public finances is the debt July 31, 2024 The Chancellor is right, the public deserve to know just how bad the economy is – so she should be honest about the millions of pounds a day that are added to the national debt, says John O’Connell Reeves’ tone was one of righteous fury on Monday as she bellowed at the opposite benches for [...]
Nobody could have known how bad the economy was, but we will fix it July 30, 2024 City A.M. readers deserve a government that offers a realistic plan to seize growth, support the City to flourish and make every part of the country better off, says Tulip Siddiq We were elected on a mandate to deliver change. That means being honest with the public about the scale of the challenge in front [...]
Businesses no longer want the government to get out of the way July 30, 2024 A new partnership will mean government and business can co-create the opportunities for long-term investment to flow back into the UK, says Iain Anderson
Reeves to pave way for spending cuts with attack on ‘worst inheritance since the war’ July 28, 2024 Rachel Reeves will vow to "fix the foundations of our economy" in a much anticipated speech to Parliament in which she will also reveal the findings of the Treasury's spending audit.
Treasury fails to deny capital gains tax hike as Reeves readies ‘broken’ finances warning July 28, 2024 Rachel Reeves is set to warn of the "broken" state of the UK's public finances in a speech on Monday, as rumours of a hike in capital gains tax continue to swirl.
The UK economy has defied gloomy expectations. Can this continue? July 25, 2024 The UK economy has surprised pundits again and again this year, growing at a much faster rate than almost anyone had expected.
UK growth set to continue as manufacturing PMI climbs to two year high July 24, 2024 The economy’s strong performance so far in 2024 looks set to continue thanks to the continued recovery of the manufacturing sector, a closely watched survey suggests. S&P’s ‘flash’ purchasing managers’s index (PMI) came in at 52.7, up from 52.3 last month and slightly higher than the 52.6 expected by economists. The survey, which measures economic [...]