Explainer-in-brief: A Swiss deal, full of holes of our own making November 22, 2022 Even the mention of a Swiss-style relationship with the EU threw Brexiteers into pitbull mode with Nigel Farage apparently willing to come back and “crush” the Tories. The government has already come out to deny the claims, with Rishi Sunak guaranteeing any trade agreement with the union won’t rely “on alignment with EU rules”. A [...]
UK set to become next AI superpower says new report November 22, 2022 The UK could be the next big global artificial intelligence superpower as the government leads the way with public sector investment. According to a new independent report carried out by WPI Economics, on behalf of software firm Splunk, the UK is forging ahead of its European rivals in many aspects of how it embeds data and [...]
Our productivity problem won’t solve itself by magic, Britain needs some real ambition November 22, 2022 It’s high time businesses stop expecting output to grow of its own accord. Neither their companies nor the country can afford to wait.
Starmer: UK must be weaned off its ‘immigration dependency’ November 21, 2022 The UK can no longer rely on “low pay and cheap labour” to spur economic growth and must be weaned off its “immigration dependency”, Labour leader Sir Keir Starmer will say tomorrow. Starmer will tell the Confederation of British Industry’s (CBI) annual conference that a Labour government will “start investing more in training up workers [...]
Free market think tanks back solar projects as Government considers clampdown November 21, 2022 Two of the UK's leading free market think tanks have raised concerns over the potential tightening of solar power planning rules.
Flip flopping over tax hikes and spending cuts a ‘bruising episode’ for UK November 21, 2022 Flip flopping on UK economic policy has been “a bruising episode” for the country over the past few months, a top City economist said today. The huge swing in tax and spending decisions between former chancellor Kwasi Kwarteng and the current number 11 incumbent Jeremy Hunt has damaged the country’s financial credibility, according to Neil Shearing, [...]
Sunak slaps down idea of Swiss-style Brexit deal to bring UK closer to EU November 21, 2022 Rishi Sunak will not pursue a post-Brexit “Swiss-style” deal to bring the UK closer to the EU, the Prime Minister has said today. Sunak said he was “unequivocal on this” and that “under my leadership, the United Kingdom will not pursue any relationship with Europe that relies on alignment with EU laws”. The Sunday Times [...]
Ten years on, the Sunak government is still beholden to the austerity narrative November 21, 2022 Jeremy Hunt couched his fiscal plans very deliberately as part of a Tory continuum.
UK ‘can’t afford’ another decade of lost growth, CBI warn November 21, 2022 The UK “can’t afford a repeat” of its severe economic underperformance since the 2008 financial crisis, the chief of the country’s top business group will warn chancellor Jeremy Hunt today. Responding to last week’s autumn statement, Tony Danker, director general of the Confederation of British Industry (CBI), will slam the chancellor for failing to roll [...]
Hunt on course to miss fiscal targets despite £55bn of tightening, Deutsche Bank bet November 20, 2022 Chancellor Jeremy Hunt is on course to miss his fiscal goals due to a weaker growth outlook than forecast by the UK’s budget watchdog, an investment bank has said. According to Sanjay Raja, senior economist at Deutsche Bank, the Office for Budget Responsibility’s (OBR) GDP growth forecasts are too optimistic. Last week, the OBR said [...]