Healey avoids bond market backlash with ‘placeholder Budget’ Economics John Healey has managed to avoid punishment at the hands of the bond market through a “placeholder Budget” that delayed big decisions on defence and welfare and left questions hanging over the government’s future spending plans. The Chancellor announced a raft of cost of living measures as part of his fiscal statement, funded by taxes [...]
Spending hits 13-month high as Brits splurge on entertainment, Barclays says Economics Spending in the UK economy reached a 13-month high in August after a rebound in the entertainment and travel industries, according to fresh data from Barclays. Overall card spending grew 2.1 per cent year-on-year, following on from two per cent growth in July. Both essential and non-essential spending were up 2.1 per cent, according to [...]
Starmer ally defends minimum wage quango after Sunak calls for it to be axed Economics Welfare secretary Pat McFadden has leapt to the defence of the minimum wage quango after former Prime Minister Rishi Sunak called for the body to be axed. The top ally of Sir Keir Starmer told City AM it “would be a mistake” to abolish the Low Pay Commission (LPC), an independent body that advises the [...]
Spending Review: Reeves piles billions into tech as firms cool on UK June 11, 2025 Chancellor Rachel Reeves bet heavy on tech and innovation in her maiden Spending Review, in a week that saw a trio of tech firms depart from the London Stock Exchange. Reeves hiked research and development funding to a record high of £22.6bn per year by the end of the Spending Review period. She doubled down [...]
Premier League edges closer to applying £500m spending cap April 29, 2024 Premier League clubs have taken another step closer to implementing a spending cap for the first time in the competition’s history. A majority of clubs on Monday voted in favour of progressing to the next stage of the proposal, which is likely to be voted on at the organisation’s AGM in June. Further details are [...]