Everything we know about the Spring Budget 2023 so far March 15, 2023 Tomorrow, Chancellor Jeremy Hunt will stand on the steps of No11 Downing Street – holding the famous Budget 2023 red box. He’ll be the first Chancellor in the political turmoil of recent months to even hold on to the job long enough to reach this crucial point. The spring statement will lay out the government’s [...]
A post-mortem of pandemic-era lockdowns expose a dangerous disregard for scepticism March 15, 2023 Did any of the government ministers during lockdown listen to dissenting opinions?
The Notebook: Neil Bennett on how the Treasury made the BBC look very slow indeed March 15, 2023 Writing a column on the morning of Budget Day is always a thankless task. By the time you read this, most of you will know what is set to come out of that red box, while I can only speculate. That said, it’s nice to see that Jeremy Hunt is now following in his predecessors’ [...]
‘Budget for growth’: Chancellor Jeremy Hunt rolls pitch for Spring statement March 14, 2023 Chancellor Jeremy Hunt has said his spring statement will be a “budget for growth” as he prepares to set out key measures to support firms and families with the cost of living crisis. Hunt will make his annual budget statement in the House of Commons on Wednesday. He is expected to focus on efforts to [...]
Seize Russian cash in UK to fund rebuilding of Ukraine, MPs demand March 14, 2023 MPs are urging the government to seize Russian cash in the UK to help rebuild Ukraine after Putin’s invasion. Frozen Russian assets should be seized and repurposed for reconstruction efforts, a debate in the House of Commons will argue this evening. Foreign affairs select committee chairman, Alicia Kearns, said: “Russia must be held accountable for [...]
Explainer: Swimming in it, Sunak’s funds for public pools March 14, 2023 If you’re dying to know what will be in the budget tomorrow, City A.M. has got you sorted with the most important bit of news: the funding pot for swimming pools. The Chancellor is handing out £63m to leisure centres with pools in a one-year fund. Part of the money is for energy-efficiency measures and [...]
British designed BAE nuclear subs will power up Australian navy as part of AUKUS defence deal March 14, 2023 Australia will operate a new generation of nuclear-powered submarines based on British designs as both countries modernise their armed forces as part of the AUKUS defence deal. The new boats will be in operation in the late 2030s as part of the AUKUS deal – involving Australia, the UK and US. It will follow a [...]
Centrica anticipates power boost as EDF extends lifespan of ageing nuclear fleet March 14, 2023 British Gas owner Centrica expects to boost its electricity generation following EDF's decision to expand lifespan of two nuclear plants.
SVB: After the biggest banking crash since 2008, what happens next? March 14, 2023 Temple Melville believes HSBC may have played a blinder with SVB UK, handing credit to Britain's fintech and crypto plans.
Budget: Why a high-tax country is still dealing with fraying public services March 14, 2023 Britain is on course to shoulder a tax burden that has “never been sustained before in its history” but is still grappling with fraying public services, a top economist has told City A.M. ahead of Chancellor Jeremy Hunt’s budget tomorrow. Carl Emmerson, deputy director of the Institute for Fiscal Studies (IFS), said the UK has [...]