One year on from Biden’s Inflation Reduction Act: Britain risks ‘divine right’ as frontrunner in green race August 16, 2023 The UK risks its position in the green energy race if it fails to respond to the US Inflation Reduction Act, an industry boss warns.
‘The plan is working’: Sunak hails falling inflation – but PM warned targets still in jeopardy August 16, 2023 Rishi Sunak and Jeremy Hunt have welcomed today’s dramatic fall in inflation to 6.8 per cent, with the prime minister saying it shows his “plan is working”. The government welcomed today’s news of falling headline inflation, despite expectations the Bank of England is still likely to hike interest rates for a 15th straight time. However, [...]
Biden’s $370bn green subsides are only a threat if we continue ignoring them August 16, 2023 When Biden first introduced the Inflation Reduction Act, everyone panicked. Since then, there has been stony silence from Britain.
India remains an untapped source of wealth for future UK trade and tech prosperity August 16, 2023 There are clear economic benefits that we could reap from bilateral trade with India, as well as exciting technological opportunities, writes Constantin Cotzias
How ‘tourist’ venture capital investors scarpered and popped the valuation bubble August 15, 2023 A flood of so-called ‘tourist’ cash flowing into the venture capital industry has dried up over the past 12 months and helped trigger a plunge in the valuation of UK and European startups, new research has shown.
Maybe Sunak was right – we should change how we invest in poor rural areas August 15, 2023 The government's approach to investment focuses too much on poverty and not enough on opportunities. Rishi Sunak must find a way of making social mobility accessible, writes Adam Hawksbee
We were never going to have a great British bonfire of the tax system after Brexit August 15, 2023 We have neglected to reintroduce VAT-free shopping for foreign tourists, doubtless to squeals of delight from shopkeepers in Milan or Paris.
Avoid ULEZ options but tackle air pollution, Starmer says August 14, 2023 Cities should look at other options for tackling air pollution instead of schemes like London’s ULEZ (ultra low emission zone), Sir Keir Starmer has suggested. The Labour leader said no-one in the UK should be “breathing dirty air” but added that proposals for reducing air pollution should not have a disproportionate impact on people’s pockets [...]
London losing out due to ‘tourist tax’ as US and Gulf visitors opt for Paris and Milan instead August 14, 2023 London is losing out on wealthy foreign visitors splashing their cash in Oxford Street due to the so-called ‘tourist tax’, amid renewed calls to scrap it and make the capital more competitive. The removal of VAT free shopping for international tourists continues to hurt London retailers, with visitors from the US and the Gulf cutting [...]
No end in sight: Nearly 4m working days lost to strikes in past year as negotiations falter August 14, 2023 Talks between government and unions to resolve ongoing industrial disputes have repeatedly faltered, despite the UK losing nearly 4m working days to strikes over the past year. According to new research from the Resolution Foundation think tank, 3.9m working days have been lost to industrial action, higher than at any point since the 1980s. Highly [...]