Recession fears chill UK investment as CBI urges Jeremy Hunt to rethink tax grab at March budget February 27, 2023 British businesses are poised to mothball investment due to uncertainty over whether the country is on course to tip into a recession and a looming tax grab, a new survey out today indicates. Fears of a slowdown in spending caused by families’ finances being squeezed by the cost of living crisis has knocked optimism among [...]
Modi and India stop G20 calling Putin’s war in Ukraine a ‘war’ February 25, 2023 There is concern amongst rich nations about being unable to call a war started by Vladimir Putin just that, due to splits between global powers G20 finance chiefs have been unable to reach a consensus on describing the war in Ukraine and are likely to end a meeting in India on Saturday without a joint [...]
Warren Buffett turns record profit – despite lashings of global headwinds February 25, 2023 Warren Buffett’s Berkshire Hathaway Inc on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and lower gains from investments caused fourth-quarter profit to fall. Buffett called 2022 a “good year” for Berkshire in his annual shareholder letter after the conglomerate’s dozens of businesses generated $30.8 billion of profit despite rising inflation and [...]
Ukraine war: Sunak, Starmer and Khan fall silent to mark year as King Charles praises Kyiv’s ‘remarkable courage’ February 24, 2023 A year of Ukraine’s extraordinary resistance to Vladimir Putin’s all-out assault that has left hundreds of thousands dead and millions more displaced has been marked with a minute’s silence. Rishi Sunak was joined outside No 10 by wife Akshata Murthy, Kyiv’s ambassador to Britain Vadym Prystaiko and dozens of Ukrainian troops being trained by the [...]
Sadiq Khan refuses to ditch ULEZ expansion plan at London budget meeting February 23, 2023 Sadiq Khan has refused to ditch the expansion of the Ultra Low Emission Zone (ULEZ) today following a marathon five-hour meeting to agree London’s £19bn budget. London assembly members met today to agree the mayor’s plans for running the capital’s finances over the next year – including cash for the Met Police, TfL and firefighters. [...]
Rishi Sunak’s ethics adviser ‘would expect approval to investigate ministers’ February 23, 2023 Rishi Sunak’s ethics adviser has said would expect to be given the go-ahead to investigate a minister if he believed there had been a breach of the rules. Sir Laurie Magnus told MPs that while he required the prime minister’s permission to mount an inquiry into alleged violations of the Ministerial Code, he believed it would only be [...]
Truss warns Sunak over Northern Ireland Protocol deal amid ‘resignation-watch’ denials February 23, 2023 Liz Truss has reportedly warned Rishi Sunak her support for any potential Northern Ireland Protocol agreement depends on retaining changes made under her foreign office posting. Former PM Truss, whose disastrous ‘mini-budget’ sent financial markets into a tailspin last year, has become the second ex-Tory leader to speak out ahead of a much anticipated deal. [...]
UK will have highest growth in G7 under Labour, Keir Starmer pledges February 23, 2023 The UK should become the highest growth economy in the G7, Labour leader Sir Keir Starmer has said, as he unveiled a package of national missions. Speaking in Manchester this morning, Sir Keir revealed a set of five ambitions for the country, with a general election expected to take place in the next 18 months. [...]
UK public services struggling despite near 70-year tax high, report warns February 23, 2023 UK public services can no longer match people’s expectations despite the tax burden being on course to hit a 70-year high, a think tank report has warned. Government decisions to date have done “little to shift the dial,” the Institute for Government (IfG) and CIPFA warned today in their latest performance tracker on the state-run [...]
Rishi Sunak: PM’s personal poll ratings hit record lows February 22, 2023 Rishi Sunak’s approval rating has reached its lowest point yet amid widespread pessimism about Brexit and the direction of the UK. Just 27 per cent of people told pollster Ipsos that they had a favourable opinion of the Prime Minister in a survey, while 46 per cent said they had an unfavourable view. A month [...]