Labour workers rights reforms could backfire for young workers March 12, 2026 Labour’s employment rights reforms could damage opportunities for young workers if the new laws reduce the number of flexible, entry-level roles, the UK’s top retail trade body has warned. The British Retail Consortium (BRC) has called on the government to ensure the implementation of its reforms, which were passed into law in December, doesn’t hamper [...]
House of Lords warns ministers’ pension power grab ‘dangerous and unjustified’ March 11, 2026 A member of the House of Lords has described the reserve power in the Pension Schemes Bill as “dangerous and unjustified” as ministers face intense scrutiny over the detail of their overhaul of the pensions system. Speaking in the House of Lords during an urgent question session, Baroness Stedman-Scott, a Conservative member, called out the [...]
Reeves hints at ‘scope’ for energy package amid inflation rout fears March 11, 2026 Rachel Reeves has indicated that the government can afford to provide a heavy subsidy package protecting Brits from soaring energy prices. Appearing before the Treasury Committee on Wednesday, the Chancellor warned the war in Iran was “certainly not good” for the UK economy but suggested that the government was prepared to respond to the crisis [...]
Reeves’ £1.2bn consultancy savings plan in doubt, watchdog warns March 11, 2026 Despite Rachel Reeves’ focus on cutting government spending on external consultancy services, a damning report stated that the government is unable to set meaningful targets to reduce its reliance on external firms. The UK government has said it wants to put an immediate stop to all non-essential consultancy spending and halve consultancy spending in future [...]
UK economic rebound to be short-lived as Iran war shock looms March 11, 2026 The UK economy is predicted to have seen modest growth at the start of the year while the labour market appeared to be easing and interest rates were very much on a downward path. Forecasters agreed the outlook for the UK economy looked reasonably promising, if not exciting. That was until President Trump spoiled the [...]
Labour’s branding of ambition as ‘masculine’ is a disturbing revelation March 11, 2026 New Labour guidelines telling businesses to rid their job ads of 'masculine' terms like 'ambitious' is sending completely the wrong message.
OBR warns inflation could exceed three per cent if Iran crisis continues March 10, 2026 Inflation is set to jump back up above three per cent if the rise in oil prices is sustained, a government watchdog has warned, amid fears the energy crisis in the Middle East could drag on. The Office for Budget Responsibility (OBR)’s David Miles said the current rise in oil and gas prices would add [...]
Reeves warns oil price shock to fuel higher inflation for Brits March 9, 2026 Chancellor Rachel Reeves has warned that a recent spike in oil prices will translate into higher inflation in the UK, with her economic approach centring on calls for the US, Israel and Iran to de-escalate the conflict in the Middle East. In a statement to MPs, Reeves said she called on G7 finance minister, which [...]
Kwasi Kwarteng: Labour ‘at risk’ without more tax rises amid bond jitters March 9, 2026 The government risks being plunged into crisis unless it prepares for another bruising round of tax hikes to cover sharp rises in energy subsidies, former chancellor Kwasi Kwarteng has warned. In an interview with City AM, Kwarteng said taxes could be put up as soon as November if the government pushes ahead with proposals for [...]
Government borrowing costs mount on fears of inflation spike March 9, 2026 Government borrowing costs have climbed on escalating fears that the war in the Middle East will push up inflation and leave interest rates higher. The 10-year gilt yield jumped by some 14 basis points on Monday morning as traders continue selling off their gilt holdings over mounting fears that interest rates could rise. Longer-term gilt [...]