Budget: Government to invest £3bn in “skills revolution” October 24, 2021 The Chancellor of the Exchequer will use the budget to announce a £3bn investment in skills and education to help Brits find higher paid jobs. The cash injection aims to fuel economic growth by increasing the provision of post-16 eduction and creating opportunities for people wishing to enter high value sectors such as AI, cybersecurity, [...]
Labour calls for vaccine passports as part of Plan B restrictions in winter October 24, 2021 Labour has today called for the government to bring back Covid restrictions this winter, after a pair of rapid U-turns on the issue. Shadow chancellor Rachel Reeves said Boris Johnson should advise people to work from home, while also making face masks and vaccine passports mandatory as a part of the government’s Plan B Covid [...]
Rishi Sunak admits UK has ‘no magic wand’ to stop rising inflation October 24, 2021 Rishi Sunak has said he has no “magic wand” to stop increasing inflation as he admits that the issue could be out of the UK’s control. Sunak today said increasing rates of UK inflation were down to global supply chain issues post-Covid and surging global energy prices and that there was little he could do [...]
Government turning to more CCTV and street lighting to reduce crime October 24, 2021 Chancellor Rishi Sunak is expected to pledge millions for better CCTV and improved street lighting and give £80m in additional funding to the Crown Prosecution Service. It is part of a £435m package of measures aimed at preventing crime and will form part of next week’s Budget, with a focus on violent offences against women. [...]
Transport, research and skills: £20bn of investments announced ahead of Budget October 24, 2021 When Rishi Sunak delivers his second Budget in a year this Wednesday, there may not be many surprises left after investments totalling more than £20bn were announced over the weekend. The Chancellor will head to the Commons with a focus on levelling up transport links outside London, research and development in health, and a “skills [...]
City Hall calls for a long term London transport plan as regions set to receive £7bn Budget boost October 23, 2021 City Hall has warned that there can be no UK recovery without a strong London recovery in transport as it was revealed that Chancellor Rishi Sunak will allocate almost £7bn in next week’s Autumn Budget to funding urban transport in city regions across England. In a move aimed at the government’s “levelling up” agenda, cities [...]
Sunak set to hike long-haul flight costs through air passenger duty Budget ‘overhaul’ October 23, 2021 Chancellor Rishi Sunak is plotting an air passenger duty hike for flights to long-haul destinations like Australia, Japan and South Africa in his Autumn Budget next week, as a penalty for their environmental damage. Passengers flying to such destinations can expect to pay more after the Chancellor has laid out his plans next week for [...]
Analysis: Sunak’s wiggle room for spending in the Budget is closing in on him October 22, 2021 Next week’s budget and spending review’s tax and spend decisions will determine the government’s economic policies for the rest of this parliament, and the amount that departments have to spend. The spending pressures on the chancellor are intense. However, Rishi Sunak’s room for manoeuvre may well be narrowing. Sunak has already faced down the biggest [...]
COP26: Three-year green savings bonds launched by Treasury-backed NS&I October 22, 2021 Green savings bonds giving savers across the UK the chance to back the Government’s environmental projects are being made available to take out online. Savers aged 16 or over can take out the bonds, which pay a fixed annual rate of 0.65% over a three-year term, via Treasury-backed savings provider NS&I’s website. The bonds, unveiled [...]
Editorial: Beware our drift into a high-tax economy October 22, 2021 Over the past few years, Emmanuel Macron and other French leaders have gone to great lengths to tempt international businesses across the channel onto French soil. This has verged from the sublime (investment dinners at Versailles) to the ridiculous (adverts from ‘The Normandy Times’ in British papers looking for ‘hot entrepreneurs… allergic to post-Brexit tariffs). [...]