There’s no need for Treasury giveaways to help the just about managing March 6, 2017 On the steps of Downing Street, Theresa May outlined the core of her political strategy: “If you are just about managing, I want to address you directly”. The just about managing – the so-called JAMs – saw their cost of living significantly squeezed in the aftermath of the financial crisis, and it is indeed vital that [...]
Paris vs Los Angeles: Why the IOC will reward both wannabe host cities for future Olympic Games March 2, 2017 When the International Olympic Committee (IOC) members gather in Lima to choose the host of the 2024 Olympic and Paralympic Games this September, ostensibly their choice is simple. It’s now either Paris from the old world or Los Angeles from the new, after Budapest joined Hamburg, Boston (LA’s forerunner) and Rome in opting out of [...]
The costs of running a business in London are starting to outweigh the benefits February 28, 2017 The late, great Robin Williams once said: “Spring is nature’s way of saying, ‘Let’s party’.” When the chancellor stands up to deliver the last ever Spring Budget next week, however, small businesses in London are likely to be putting party plans on hold unless Philip Hammond can pull the miraculous business rates “rabbit out of the [...]
Carmakers must embrace Big Tech to survive the coming revolution February 28, 2017 Merger plans for Europe’s car manufacturers have dominated headlines in recent weeks, not least because of the threat they pose to UK and wider European car jobs. Combine this with Brexit jitters and concerns about overcapacity, and you might view our industry with a “glass half empty” attitude. And this is even before you contemplate [...]
Economists react: Immigration from eastern Europe falls as net migration dips below 300,000 February 23, 2017 Immigration to the UK from countries in central and eastern Europe fell significantly in the year to September, including the period after the EU referendum, while net migration dipped below 300,000, new figures show. Emigration by nationals from the eight nations which joined the EU in 2004 tripled, according to the Office for National Statistics [...]
A smooth Brexit could lead to tighter monetary policy according to the Bank of England’s Mark Carney February 21, 2017 A smooth Brexit process would lead to a faster rate of interest rate increases, according to the Bank of England’s governor, Mark Carney If the process of the UK leaving the EU moves “relatively smoothly to an increasingly clear end point” it would “be consistent with a higher path of interest rates,” Carney said, in [...]
Business rates fight intensifies as government accused of misleading MPs February 20, 2017 The row over business rates is heating up with businesses hitting back at the government's claim that they will receive a tax cut. The government has retaliated at the business groups that are demanding reform to business rates, saying that three in four businesses will receive a rates cut, or won't be affected. Read more: The business rates backlash [...]
Improved fiscal outlook for the chancellor as he prepares the Spring Budget February 20, 2017 The Office for Budget Responsibility (OBR) is expected to provide some “fiscal cheer” for the chancellor, with a forecast showing greater growth for the economy and lower borrowing costs. According to the Ernst & Young ITEM Club, forecasted GDP figures for 2017 are expected to be revised upwards, from 1.4 per cent to 1.6 or 1.7 [...]
Britons spend £19,000 every year on bills February 17, 2017 British families spend almost three-quarters of an average wage on bills and accommodation, according to a new study. The average family in the UK spends £19,142.37 on the basics for a fully functioning home, including mortgages or rent, insurance, gas, and electricity, according to a study by Powershop UK. Utility bills on average comprised £520 [...]
“Rise up”: The full text of Tony Blair’s Open Britain speech on Brexit February 17, 2017 Tony Blair has been absent from British politics for years, now – but today he returned in spectacular style, urging the UK's population to "rise up" against Brexit. Although some (including former deputy PM Nick Clegg) liked it, the majority of reaction has been that he missed the mark. Not sure what you think? Here's [...]