Business cheers news that investment tax break could be permanent November 5, 2023 Business groups have welcomed the news that Jeremy Hunt is considering making £10bn investment tax break permanent as part of this month’s Autumn statement.
Triple lock: Pensioners could be set for inflation-busting state pension rise next April October 18, 2023 Under the triple lock, the state pension usually rises each April by inflation, wages or 2.5 per cent – whichever is higher.
Freezing working-age benefits could save £4 billion but at ‘terrible cost’ October 14, 2023 Freezing working-age benefits next year could save the Treasury more than £4 billion but at a “terrible cost” of plunging an additional 400,000 children into poverty, a think tank has warned. The Resolution Foundation said its research suggested that scrapping the uprating of working-age benefits in line with prices inflation next year would reduce the [...]
Jeremy Hunt warns of ‘difficult decisions’ ahead of Autumn statement as interest bill rises October 13, 2023 A massive increase in borrowing would be "reckless and the wrong thing to do," Hunt said, adding that would make reducing the tax burden more difficult.
Ex-pilot is new Civil Aviation Authority chief with ATC scandal top of in-tray October 6, 2023 The UK Civil Aviation Authority (CAA) watchdog has announced the appointment of Rob Bishton as its new chief executive.
Services sector dips under weight of high interest rates as staff layoffs hit fastest pace since early 2021 October 4, 2023 The UK's service sector remained stuck in contraction in September for the second consecutive month, according to a closely watched survey, with firms laying off staff at the fastest rate since early 2021.
Hunt rules out chunky tax cuts before the election as they’d ‘compromise’ inflation fight October 2, 2023 Chancellor Jeremy Hunt has argued that sizeable tax cuts this year would “compromise” the battle against inflation as colleagues piled on the pressure for a pre-election giveaway. The Cabinet minister said on Monday he and Rishi Sunak were prioritising the pledge to halve prices before carrying out tax cuts in any “substantial way”. As Tory [...]
US Congress averts government shutdown, passing stopgap bill October 1, 2023 The US Congress has managed to avert a government shutdown after it passed a stopgap funding bill late on Saturday, which received overwhelming Democratic support.
Chancellor says welfare reforms and AI could help end ‘ever-rising taxes’ September 30, 2023 Chancellor Jeremy Hunt has said welfare reforms and the integration of artificial intelligence into the public sector could be the way to end the “vicious circle of ever-rising taxes”.
Maserati Grecale GT review: family SUV targets Porsche Macan September 25, 2023 Tim Pitt drives the new Maserati Grecale, a premium SUV that combines sporty dynamics with a luxurious interior – and a high price tag.