Labour claims Sunak will not have the ‘fiscal headroom’ to cut taxes before next election November 14, 2021 New UK growth forecasts from the Bank of England show that Rishi Sunak will not have the “fiscal headroom” to cut taxes before the next election, according to shadow chancellor Rachel Reeves. The central bank now forecasts the UK economy will grow by 1.5 and 1 per cent in 2023 and 2024 respectively, compared to [...]
Investors need to rediscover the age-old virtue of patience to recharge our economy November 13, 2021 If you do a smart job spending taxpayers’ money you can make businesses more productive and drive wages up. Economists can debate the merit of that idea but be in no doubt, ministers believe every word. They spelled it out in a series of autumn announcements. Even those ministers though don’t think the state can [...]
Record petrol prices reach new highs amid supply shortages November 12, 2021 Petrol prices topped 146p for the first time ever on Thursday, according RAC Fuel Watch. The motoring group’s data shows the average price of petrol has topped 146p a litre for the first time ever. Diesel is also at an all-time high of 149.66p. Chancellor Rishi Sunak’s has pledged to freeze fuel duty for the [...]
A bank to bridge the gap November 12, 2021 Eleven months after the announcement of a new national infrastructure bank it made its first investment. Can this new institution follow the success of its predecessor the Green Investment Bank and have a real impact on a green future. Our Green Finance Forum panel discusses. Level up On October 25th this year, the UK National [...]
Women who stay away from office risk their careers, BoE committee say November 12, 2021 Women who stay away from the office risk their careers suffering as more staff return to the workplace after the pandemic, a member of the Bank of England’s monetary policy committee said.
Rishi Sunak says government needs to ‘do better’ as Tory sleaze claims pile up November 11, 2021 Rishi Sunak has today admitted the government needs to “do better” as allegations of sleaze and corruption pile up around the Tory party. It comes after Boris Johnson yesterday was forced to insist during a press conference that the UK is “not remotely a corrupt country”. Sunak told Sky News said he regretted last week’s [...]
UK recovery blinks in the face of supply chain breakdowns leaving economy stumbling behind G7 rivals November 11, 2021 The UK economic recovery is blinking in the face of severe supply chain breakdowns and soaring inflation, leaving Britain stumbling behind its G7 rivals. Over the three months to September, the British economy grew 1.3 per cent, much lower than experts’ expectations, according to the Office for National Statistics (ONS). Worryingly, the ONS revised down [...]
GDP: Summer spending pushes UK economy growth spurt of 1.3 per cent November 11, 2021 The UK economy grew by 1.3 per cent between July and September, down from 5.5 per cent in the previous three months, the Office for National Statistics (ONS) has said. The quarterly figure has fallen below analyst estimates of 1.5 per cent. The UK’s GDP remains just 0.6 per cent below its pre-pandemic levels after [...]
Rishi Sunak’s approval rating sinks, says new polling November 10, 2021 Rishi Sunak’s approval rating has dropped by 26 points since March as almost half the country think his latest Budget will be bad for them personally, according to new polling. A poll out today from Ipsos MORI showed Sunak has an approval rating of +6, down from +32 in March, while 44 per cent of [...]
Treasury Committee chief leads the crusade against fraudsters and financial crime November 10, 2021 Conservative MP Mel Stride has been a busy man recently. As chair of the Treasury Committee, a group of MPs that probe the government on their spending plans, he has been preoccupied with finding out whether Chancellor Rishi Sunak’s decision to swell the tax burden to its highest level in decades is a good idea. [...]