Sluggish global growth cannot be an excuse for Britain ignoring opportunities November 22, 2023 An industrial strategy will not go amiss, but we must look at far more to fix Britain's growth problem, writes Paul Ormerod
Sunak is right, Labour spending plans are stuck in a bind without tax hikes November 22, 2023 The ghost of Liz Truss risks haunting both parties at the next election. For the Tories, the damage her short-lived premiership did to their economic credibility is obvious. The threat to Labour is, admittedly, less intuitive. On Monday, Rishi Sunak argued that Truss and Rachel Reeves were two sides of the same fiscally irresponsible coin. [...]
Westfield exec makes fresh calls to scrap tourist tax ahead of Autumn Statement November 21, 2023 The chief operating officer of Westfield Group, has said reinstating the tourist tax would have a “ripple effect” on London’s economy.
Hunt should ‘urgently’ announce UK response to US green deal, investors warn November 21, 2023 Chancellor Jeremy Hunt should “urgently” announce the UK’s response to the US green subsidy package to support business confidence, investors have warned.
UK borrows more than expected ahead of Autumn Statement as tax cuts mooted November 21, 2023 The government borrowed more than expected in October, providing a “timely reminder” about the state of the UK’s fiscal position ahead of the Autumn Statement. According to figures from the Office for National Statistics, the government borrowed £14.9bn in October, £1.2bn more than had been pencilled in by the Office for Budget Responsibility (OBR). This [...]
Scrap ‘punitive’ stamp duty and shake-up ISAs: What the City wants from the autumn statement November 21, 2023 The City’s eyes will be trained on the Chancellor on Wednesday as he prepares to lay out the government’s spending plans in the autumn statement.
UK and South Korea to sign new agreement during state visit November 21, 2023 The UK and South Korea are set to sign a new long-term agreement covering defence and technology co-operation as President Yoon Suk Yeol arrives for a three-day state visit.
Sunak won’t get the UK growing without an industrial strategy November 21, 2023 If Britain had our industrial strategy, the boost for manufacturing and life sciences in the last 20 year period, this would have contributed an astonishing extra £484bn into the economy, writes Sharon Todd
Keir Starmer makes his play for the ‘powerhouse’ City of London November 20, 2023 Keir Starmer, in his most pro-City and pro-business intervention yet, has promised to work with City chiefs in an exclusive interview
Brace yourselves, the era of the ‘alternative budget’ has arrived November 20, 2023 It started when Liz Truss’s faction of 60 or so MPs, who go under the banner Conservative Growth Coalition, pre-announced – to drum up anticipation – and then two months later published their Budget for Growth.