Inflation drops for second month in a row but experts warn rate has yet to pass its peak January 18, 2023 UK inflation has fallen for the second month in a row, but soaring food prices have led some experts to warn it may not have passed its peak yet. The rate of price increases dropped to 10.5 per cent in December, down from 10.7 per cent in the previous month, the Office for National Statistics [...]
Plane not train: Cornwall set for further tourist spike as Ryanair launches London-Newquay route January 17, 2023 Newquay residents are set to complain even further about the hordes of Londoners descending into Cornwall after Ryanair announced new services from London Stansted to Newquay. The low-cost carrier said today it will operate three weekly flights to Cornwall as part of its ramped up summer schedule, which also includes additional services to Spain and [...]
Brits’ take home pay still falling rapidly despite record wage rises January 17, 2023 Brits are suffering one of the sharpest hits to their take home pay despite businesses handing workers bumper pay prices, official figures out today reveal. Real pay tumbled 2.6 per cent over the three months to November, among the steepest drops seen outside the Covid-19 crisis, according to the Office for National Statistics (ONS). The [...]
To withstand future recessions, the UK needs radical supply side reform January 17, 2023 When academics write essays, they begin with an abstract that captures the causes, effects and outcomes of the economic policy change they are examining. Boosting the supply side has a pretty simple argument. Either increasing the volume or productivity of resources used to produce things makes a country richer. That’s it. Let’s take a look [...]
We need a Swedish-style civic duty to stop division being baked into our politics for good January 17, 2023 Brexit, immigration, the cost-of-living crisis. All of these are issues which have divided the British public, now we need to find a way to bring people together.
David Carrick: Sunak and Khan concerned about trust in Met after serial-offender Pc admits 49 offences, 24 rapes January 16, 2023 The Prime Minister and Sadiq Khan have renewed concerns about trust in the Metropolitan Police after it was revealed that a serving Metropolitan Police officer admitted 49 offences, including 24 counts of rape. Rishi Sunak and the London Mayor’s comments come after the Met was forced to apologised to victims for Pc David Carrick, who [...]
Reasons to be cheerful on the UK economy? They’re there, if you’re looking for them January 16, 2023 Nobody likes to be negative, so perhaps that explains the surprising survey results on our front page today. Perhaps confidence in the economy is coming not from sensible forecasting but from unguarded new year’s optimism. Or, to borrow a line from Blackadder’s General Melchett, “that’s the spirit: if nothing else works, then a total pig-headed [...]
Train operators given ‘revised mandate’ for latest union talks, Mark Harper says January 15, 2023 Train company bosses will be working with a “revised mandate” which could include a better pay offer as they enter the latest round of talks with unions, the transport secretary has suggested. Mark Harper said train operators have been given his “permission” to make a new offer to the trade unions. The minister claimed he [...]
Open banking success has cracked the code for more tech innovation in the UK January 15, 2023 The benefits of new technologies can seem hidden at first - but innovation always brings growth. Open banking is a great example on which the government is basing its strategy, writes Andrew Griffith
A present for Putin: Sunak reportedly agrees to deliver squadron of tanks to Ukraine January 14, 2023 Prime Minister Rishi Sunak has reportedly agreed to deliver a squadron of tanks to Ukraine to aid the country’s efforts in re-taking territory lost to Russian forces. Four British Army Challenger 2 main battle tanks will reportedly be sent to eastern Europe immediately, with eight more to follow shortly afterwards. According to The Sun, a [...]