Labour’s North Sea windfall tax plans branded a ‘blunt response’ that will hammer businesses across the UK August 22, 2024 The government’s plans for North Sea oil and gas are a “blunt response” that could jeopardise hundreds of thousands of jobs not just in the energy sector, several of the industry’s leading figures have warned. In an open letter to the Treasury, over 40 companies with operations in the North Sea voiced their “grave concern” [...]
Social rent increases may not ‘move dial’ on housebuilding, Rachel Reeves warned August 21, 2024 Rachel Reeves’ plans to increase social rent may not “move the dial in a material way” on council housebuilding, a corporate finance firm is warning. The Chancellor will reportedly up social rent by bringing in a decade-long formula to raise housing costs in England boosted by the CPI inflation measure – currently 2.2 per cent [...]
Government borrowing exceeds estimates as public sector spending jumps August 21, 2024 Monthly borrowing figures will be closely watched over the coming months for clues about how much Labour will raise taxes in October's Budget.
London City Airport given go-ahead to expand capacity but more Saturday flying rejected August 20, 2024 London City Airport has been granted permission to significantly expand passenger capacity after an extended spat with Newham Council.
The Notebook: So, when does Labour actually become pro-business? August 20, 2024 The honeymoon is over, Labour needs to start walking the walk when it comes to being pro-business, writes Michael Martins.
Is the UK moving in the wrong direction? Bad news for Keir as 52 per cent of Brits agree August 19, 2024 Some 52 per cent of Brits think the UK is heading in the wrong direction, according to a new poll following the general election. Pollsters at Ipsos found 22 per cent of people thought the situation in Britain was going in the right direction – down three points from a survey the previous month. It [...]
The state is bad at picking winners. GB Energy will prove that August 19, 2024 GB Energy is likely to prove to be another example of how the state can't pick winners, writes Eliot Wilson.
Why public-private partnerships are more difficult in the UK August 18, 2024 Labour's promised big on growth by backing the City, but successful partnership with business is easier said than done, writes Andrew O'Brien.
Tata Steel: Ministers pledge £13.5m to protect jobs as ‘all options on the table’ August 15, 2024 The government has pledged £13.5m to help workers amid Tata Steel job losses, as a minister vowed “all options are on the table”. Funding will go to supporting supply chain businesses and workers affected by job losses in connection with the Indian-owned manufacturer changing its production systems. Tata is switching to a greener form of [...]
Workers rights: Ministers meet unions but warned on ‘unintended consequences’ of reform August 15, 2024 Unions and employers have met with the government to discuss new plans for workers rights but it comes as ministers are warned against “unintended consequences” of reforms. Deputy Prime Minister Angela Rayner and business secretary Jonathan Reynolds met unions and businesses on Wednesday to kick-start Labour’s work on employment rights. Rayner hailed the meeting as [...]