Hunt looks at business rates ‘cliff edge’ ahead of fiscal statement November 8, 2022 Jeremy Hunt will make a tough decision on planned business rates hikes next week as business groups warn of “an existential threat” coming in April. British firms are facing a near £3bn annual hike in business rates next year if inflation stays above 10 per cent, according to Altus Group. Commercial properties will have their [...]
Raising windfall tax would be “disastrous” for Britain, says North Sea body November 7, 2022 Expanding the windfall tax would be "disastrous", warned a leading North Sea group in a letter to Chancellor Jeremy Hunt.
Sunak: We must ‘go faster’ on climate change after Putin’s Ukraine invasion November 7, 2022 Rishi Sunak told world leaders today that Vladimir Putin’s invasion of Ukraine was “a reason to go faster” on switching to renewable energy. The Prime Minister told the Cop27 climate summit that green energy is a “fantastic source of new jobs and growth”, while vowing to stick to the UK’s climate promises from last years’ [...]
Rishi Sunak torpedoes Boris Johnson’s Britannia ship as £250m plans sink to the bottom of the Brexit pond November 7, 2022 As part of government efforts to cut spending, a £250m plan to build a successor to the Royal Yacht Britannia has been scrapped, the Ministry of Defence confirmed this afternoon. The national flagship plan was sunk by Rishi Sunak’s administration as Whitehall braced for cuts in the November 17 autumn statement by Chancellor Jeremy Hunt. [...]
Tom Kerridge’s The Hand and Flowers Marlow offers a new Michelin-starred travel package – I tried it out November 7, 2022 Tom Kerridge’s Hand and Flowers in Marlow is the only pub in the world with two Michelin stars. That prestige is reflected in eye watering pricing. One newspaper wrote an entire article about the £33 omelette, and the steak leaves you with a fiver’s change from one hundred pounds. I visit the river after dark [...]
Boris Johnson tells leaders at Cop27 to not ‘to go weak on net zero’ November 7, 2022 Boris Johnson has today told world leaders that now is “not the moment to go weak on net-zero” at the Cop27 climate summit in Egypt. Referencing the global energy crisis, the former Prime Minister said “much damage has been done in just one year to our common purpose of tackling man-made climate change” but that [...]
The ship of the state is the only vessel that leaks right from the very top November 7, 2022 In 1947, the Labour chancellor, Hugh Dalton, let slip some details of the Budget to a reporter as he walked into the chamber to deliver his speech and he was forced to resign.
Bank of England record recession warning reinforced by fresh research November 7, 2022 A new survey out today reinforces the Bank of England’s warning last week that the UK is headed for the longest recession on record. The economy last month was functioning at the same level as during the teeth of the 2021 winter Covid-19 lockdown, according to consultancy BDO. The firm’s output index, which measures the [...]
Explainer-in-brief: Trying to fill the £50bn blackhole November 7, 2022 Rishi Sunak and his chancellor, Jeremy Hunt have a £50bn hole to fill in the budget. And big infrastructure projects could be on the chopping block, including the new nuclear power station in Suffolk, Sizewell C.
Hunt faces potential Tory backlash as he draws up plans to raise £50bn November 6, 2022 There are growing government fears about a potential Tory backlash against Jeremy Hunt’s fiscal statement as he looks to find ways to raise £50bn. Hunt will raise taxes and cut future real-terms spending in his 17 November autumn statement, with the chancellor looking at proposals to freeze Income Tax thresholds as a part of a [...]