OBR chief: Governments have been ‘gaming’ fiscal rules, meeting ‘letter not the spirit’ of financial guidelines January 23, 2024 The comments come as new figures showed the government borrowed substantially less than expected in December thanks to lower interest payments on debt.
Rolls-Royce nuclear submarine workers face strike ballot in pay dispute January 23, 2024 Employees that work in Rolls-Royce's nuclear submarine programme are to be balloted in a dispute over pay.
Central London Alliance calls for government to cut VAT for hospitality, tourism and leisure January 23, 2024 Central London Alliance (CLA) calls on the Government to address the UK’s lack of competitiveness on the global tourism market, beginning with a cut to VAT for the hospitality, tourism and leisure industries. Figures from the Office of National Statistics (ONS) show that visits to the UK increased 112 per cent year-on-year, generating £30 billion [...]
Will lower inflation deliver the windfall the Chancellor Hunt is hoping for? January 23, 2024 But hang on. It was not that long ago that borrowing was coming in lower than expected because inflation was higher.
Leading fund managers: ‘The storm is easing’ – but it’s a fool’s game to second guess the market January 23, 2024 Fund managers at Bailile Gifford said “the storm was easing” on global markets today as the firm’s London-listed US fund narrowed the heavy discount that has plagued firms across the investment trust sector.
Crest Nicholson’s profit slumps over high-cost ‘legacy sites’ as potential £13m legal bill looms January 23, 2024 Crest Nicholson reported a slump in profits for 2023 amid runaway costs and has prepared for a possible legal bill of £13m over a 2021 fire, after the FTSE 100 housebuilder issued a profit warning last week.
Falling inflation helps government borrow much less than expected in boost for tax cut hopes January 23, 2024 The latest round of figures come as the government lines up its latest round of tax cuts, which are likely to be announced in the Spring Budget.
Feeling the benefit: How will tax cuts impact welfare policy? January 23, 2024 It’s no secret that the expected package of tax cuts to be announced in the Spring Budget will make the Bank of England’s job more difficult.
Why council funding may be the next hot potato for Rishi Sunak to handle January 23, 2024 Dozens of Tory MPs have written to Rishi Sunak demanding “emergency” funding for councils which they say are facing cash pressures “like never before” amid an election year.
FTSE 100 today: London markets poised to follow global uptrend January 23, 2024 Asian stocks mirror Wall Street's rally; Nikkei surges on BOJ's dovish tone, while China lags behind. All eyes on Netflix, Johnson & Johnson, and Procter & Gamble earnings, shaping a day of market anticipation.