Rolls-Royce, Airbus pen deal with Air India for 250 planes in boost for UK manufacturing February 14, 2023 Rolls-Royce and Airbus have signed multi-billion pound deal to build 250 new planes for Air India, which is set to create hundreds of new jobs in the UK. The wings will be designed in Filton and assembled in Broughton, creating 450 manufacturing jobs and bringing in more than than £100m of investment to Wales. Meanwhile, [...]
No layoffs for Arm as it expands UK workforce to meet rising chip demand February 14, 2023 Chip designer Arm has bucked the trend of tech companies cutting jobs, after it confirmed that it will grow its UK workforce in order to meet the rising demand for chips. The British firm plans to hire 500 new employees, with 350 of the roles spread across Cambridge, Manchester, Warwick, and Sheffield. In response to [...]
Watch: BBC chair Richard Sharp must ‘fall on his sword’ and quit honourably, veteran broadcaster Jonathan Dimbleby says February 14, 2023 Richard Sharp is facing growing calls to “fall on his sword” and resign as BBC chairman over the cronyism row caused by him helping Boris Johnson secure an £800,000 loan facility. Rishi Sunak was standing by the embattled former banker despite a highly-critical cross-party report by MPs finding Sharp chairman made “significant errors of judgment”. [...]
Sunak under pressure to increase defence spending amid NATO warnings February 13, 2023 Prime Minister Rishi Sunak is under pressure to increase the UK’s defence spending after NATO called for allies to boost ammunition production to support Ukraine. Tory backbenchers have issued stark warnings that Britain’s armed forces are “woefully ill-prepared” for a major conflict and that low defence spending is a “false economy”. It came as NATO [...]
Explainer: Sunak’s plan to grow the workforce February 13, 2023 With Parliament in recess this week, Rishi Sunak gained some time to go back to his desk and think about his priorities – much needed with a budget coming up in a month. Among those, one leading target in his mind is to get more people back into work to drive economic growth. The UK [...]
‘Lavish’ spending culture of government ministers including £345,000 ‘restaurant and bar’ bill revealed February 13, 2023 Ministers are accused of overseeing a “lavish spending” culture in Whitehall with taxpayers’ money wasted on luxury items, after Labour analysis of government procurement cards. Concerns were raised over alcohol and dining purchases by the Labour Party including almost £345,000 by foreign office officials in 2021 under the heading “restaurants and bars”, as well as [...]
Don’t let the NIMBYs win: Onshore wind is essential to UK’s energy future February 13, 2023 The government must commit to lifting highly restrictive onshore wind planning laws if it is serious about the UK's energy policy.
Davos has always been riding on a high but it’s in the grip of a downhill spiral February 13, 2023 For decades, political and business leaders have gathered at Davos, but the World Economic Forum has started to lose its shine, writes Eliot Wilson
Our growth problem won’t be fixed by tax cuts unless we get people back to work February 13, 2023 Growth is not simply a product of tax cuts, but of looking at policies across the board which could boost our economic output and keep our workforce strong, writes Neil Carberry
New hydrogen levy is ‘harmful’ and could stoke inflation, Tory MPs warn February 12, 2023 Plans for a new tax on energy bills to fund research into hydrogen have been opposed by senior Tory MPs arguing it would be “harmful."