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UK economy

  • Keir Starmer urged to slash number of graduate visas

    July 2, 2025

    Prime Minister Keir Starmer has been urged to scrap the graduate visa for thousands of international students as universities have provided “backdoor access” for longer-term settlement, according to a leading think tank.  The government unveiled its immigration white paper aimed at getting net migration levels down, with the period during which graduates are able to [...]

  • Financial advisers sound alarm on lack of support for SMEs

    July 2, 2025

    Financial advisers have raised concern about the lack of support for small businesses in government policy as firms feel the pinch of economic pressures. Over half of advisers surveyed by alternative lender Thincats branded government policy as unsupportive of small and medium-sized enterprises (SMEs) whilst just six per cent said it was supportive. Small businesses [...]

  • To find out who’s to blame for economic uncertainty, reeves should look in the mirror

    July 2, 2025

    Household spending is down £50bn since last year. It’s hardly surprising there’s so much uncertainty in the economy given the relentless negativity of the Chancellor herself, says Paul Ormerod Households in Britain are still saving large chunks of their incomes. The Office for National Statistics (ONS) confirmed this week that the percentage of income saved [...]

  • Britain doesn’t need government efficiency, it needs excellence

    July 2, 2025

    Elon Musk’s Doge assumed that cheaper government was better government. that’s the wrong way round: a better run government is a cheaper government, says Andrew Greenway Democracies around the world are facing a big problem. They don’t deliver well enough. In Britain, we have a housing crisis, a fraying health service and the interminable sagas [...]

  • Starmer abandons key welfare reforms

    July 1, 2025

    Keir Starmer has suffered a crushing blow to his authority after rebel Labour MPs forced him to effectively abandon his flagship welfare reform proposals after chaotic scenes in the House of Commons. Just 90 minutes before the vote, and several hours into a heated debate, the government announced it was pulling a key measure of [...]

  • Badenoch: Welfare ‘fudge’ driven by ‘panic not principle’

    July 1, 2025

    Kemi Badenoch has branded Labour’s welfare reforms a “fudge” that will fail to curb the government’s spiralling welfare bill on health and disability benefits.  MPs are set to vote on work and pensions secretary Liz Kendall’s welfare bill aimed at getting more inactive Brits back into the national workforce by changing eligibility for personal independence [...]

  • National Wealth Fund boss calls for public finance consolidation

    July 1, 2025

    The boss of Labour’s National Wealth Fund has urged the government to remain open to consolidation of public finance institutions in a bid to ease confusion for the private sector. In a hearing on Tuesday, the chief executive of the National Wealth Fund (NWF) John Flint told MPs he would “encourage” the Treasury “not to [...]

  • How to solve the UK’s non-dom conundrum

    July 1, 2025

    After industry experts poured cold water on Reform’s ‘Britannia Card’, and amid rumours the Chancellor is examining options to row back on elements of her non-dom reforms, Ali Lyon asks what policies might be on the table – and whether they will work. As Nigel Farage stepped up to a mundane-looking podium in a stuffy [...]

  • Manufacturers fear Labour government will ‘derail growth’

    July 1, 2025

    Manufacturers continued to see output decline in June, fresh data has shown, as most business owners are now looking at how they can grow under the Labour government.  The UK government last week unveiled its industrial strategy aimed at giving high-growth sectors such as advanced manufacturing confidence over the next ten years.  But fresh research [...]

  • Government calls for investigation as Lindsey refinery owner folds

    July 1, 2025

    The government has called for an urgent investigation after the group behind one of Britain’s largest oil refineries collapsed into administration, putting hundreds of jobs at risk. State Oil – the parent company of Prax Group, which owns the Lindsey refinery in North Lincolnshire – appointed administrators on Monday. A separate winding-up order has also [...]

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