Starmer: UK must be weaned off its ‘immigration dependency’ November 21, 2022 The UK can no longer rely on “low pay and cheap labour” to spur economic growth and must be weaned off its “immigration dependency”, Labour leader Sir Keir Starmer will say tomorrow. Starmer will tell the Confederation of British Industry’s (CBI) annual conference that a Labour government will “start investing more in training up workers [...]
Free market think tanks back solar projects as Government considers clampdown November 21, 2022 Two of the UK's leading free market think tanks have raised concerns over the potential tightening of solar power planning rules.
Flip flopping over tax hikes and spending cuts a ‘bruising episode’ for UK November 21, 2022 Flip flopping on UK economic policy has been “a bruising episode” for the country over the past few months, a top City economist said today. The huge swing in tax and spending decisions between former chancellor Kwasi Kwarteng and the current number 11 incumbent Jeremy Hunt has damaged the country’s financial credibility, according to Neil Shearing, [...]
Sunak slaps down idea of Swiss-style Brexit deal to bring UK closer to EU November 21, 2022 Rishi Sunak will not pursue a post-Brexit “Swiss-style” deal to bring the UK closer to the EU, the Prime Minister has said today. Sunak said he was “unequivocal on this” and that “under my leadership, the United Kingdom will not pursue any relationship with Europe that relies on alignment with EU laws”. The Sunday Times [...]
Ten years on, the Sunak government is still beholden to the austerity narrative November 21, 2022 Jeremy Hunt couched his fiscal plans very deliberately as part of a Tory continuum.
UK ‘can’t afford’ another decade of lost growth, CBI warn November 21, 2022 The UK “can’t afford a repeat” of its severe economic underperformance since the 2008 financial crisis, the chief of the country’s top business group will warn chancellor Jeremy Hunt today. Responding to last week’s autumn statement, Tony Danker, director general of the Confederation of British Industry (CBI), will slam the chancellor for failing to roll [...]
Hunt on course to miss fiscal targets despite £55bn of tightening, Deutsche Bank bet November 20, 2022 Chancellor Jeremy Hunt is on course to miss his fiscal goals due to a weaker growth outlook than forecast by the UK’s budget watchdog, an investment bank has said. According to Sanjay Raja, senior economist at Deutsche Bank, the Office for Budget Responsibility’s (OBR) GDP growth forecasts are too optimistic. Last week, the OBR said [...]
Zahawi says government still wants pre-election tax cuts November 20, 2022 The government still wants to cut taxes before the next General Election, Tory party chair Nadhim Zahawi has said. Zahawi said Jeremy Hunt “wouldn’t have a hope in hell” of cutting taxes before inflation dramatically reduces, but that the chancellor’s priority is to slash the tax burden once it has. Hunt moved to hike taxes [...]
Brexit: Barclay denies UK wants ‘Swiss-style’ relationship with EU November 20, 2022 A senior cabinet minister has denied reports the UK wants a closer “Swiss-style” relationship with the EU post-Brexit. Health secretary Steve Barclay has said he doesn’t “recognise” the proposal and that chancellor Jeremy Hunt outlined “our determination to maximise post-Brexit opportunities in pro-growth areas” during his autumn statement on Thursday. The Sunday Times reported today [...]
Rishi Sunak meets President Zelensky in first Ukraine visit November 19, 2022 Rishi Sunak has met with Ukraine’s President Volodymyr Zelensky in his first visit to Kyiv since becoming Prime Minister. “We discussed the most important issues both for our countries and for global security,” Mr Zelensky wrote on Telegram following the meeting earlier today. “We are stronger and we will achieve the desired results,” he added. [...]