Jeremy Hunt: Tax cuts ‘virtually impossible’ until economy improves September 22, 2023 Chancellor Jeremy Hunt has shot down suggestions of tax cuts after a string of economic updates this week, saying they’re “virtually impossible” until there’s more improvement. Speaking on LBC this morning, the chancellor responded to suggestions that falling inflation and rates being held yesterday, may give headroom to ease the burden on cash-strapped Brits this [...]
Labour: Reeves pledges to beef up OBR so tax and spending plans get more scrutiny September 22, 2023 A new Labour government would strengthen the fiscal watchdog in order to "bring growth and stability back to Britain's economy", the party announced today.
Ed Warner: English cricket ought to wise up and encourage outside investment September 14, 2023 Middlesex's financial woes highlight wider problems in English cricket, which should be putting plans in place to embrace investment from India and elsewhere, writes Ed Warner.
Pensions secretary: Triple lock has ‘very long term’ question marks as cost spirals September 12, 2023 The triple lock - set to cost an extra £2bn as a result of new wage growth data - may not be sustainable in the long-term
Jeremy Hunt: No tax cuts on the cards before next general election September 11, 2023 Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than was forecast”. The Chancellor told Bloomberg that he did not expect to have more fiscal headroom at the Autumn Statement — compared with the spring Budget — and “debt [...]
Wetherspoon boss Tim Martin slashes prices in tax battle with supermarkets September 4, 2023 Tim Martin has warned that the biggest threat to the hospitality industry is the “vast disparity” in tax treatment
Business leaders call on ministers to cut tax on clean fuels to replace diesel August 31, 2023 Business leaders and environmental campaigners have called on the government to cut duties on clean replacements for diesel. In a letter to transport minister Jesse Norman, a group of more than 30 signatories warned of the “urgent imperative” to reduce harmful pollutants in the atmosphere. Industry leaders argued that the government should support cleaner fuels [...]
Rishi Sunak breached MPs’ code of conduct by not declaring wife Akshata Murty’s shares August 24, 2023 Rishi Sunak broke the MPs’ code of conduct by failing to correctly declare his wife’s shares in a childminding company, the Commons’ standards commissioner has said. Daniel Greenberg concluded the breach arose out of the prime minister’s “confusion” around the rules on declaration, and decided to close the inquiry without the need for further action. [...]
Explainer: Committing to the pension triple lock once again August 17, 2023 Every six months or so, the political world plunges into a debate about the pension triple lock. This summer is no exception, with Rishi Sunak promising to stick to it this week. The triple lock regulates pensions, redefining the amount pensioners will get every April by whatever is highest between pay growth, inflation or 2.5 [...]
Over-50s skills gap persists as unemployment increases August 15, 2023 Skills bootcamps schemes are failing to get over-50s back onto payrolls, despite ministers prioritising older Brits returning to the workforce. Labour accused the government of not helping enough over-55s to retrain and claimed older workers were “abandoned to the scrapheap”, making up just one in 20 reskilling trainees. Adults aged 55 to 67 make up [...]