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Articles tagged with: Economy
Boosting philanthropy will be vital during this economic crisis
Economy
By Danny Kruger MP and Rushanara Ali MP
Boosting philanthropy will be vital during this economic crisis
As Christmas approaches and the cost of living continues to drive up need for support, charities will be launching their winter giving campaigns.
Departmental budgets should align around core missions to set a purposeful direction of growth
Economy
By Mariana Mazzucato
Departmental budgets should align around core missions to set a purposeful direction of growth
The United Kingdom is in recession. The Autumn Budget reflected this sobering diagnosis of the country’s economic state and foreshadowed an Osbornesque turn to the austerity policies of the 2010s.
This government is stepping up support for pensioners and the most vulnerable
Economy
By Mel Stride MP
This government is stepping up support for pensioners and the most vulnerable
At the heart of this government’s mission is supporting the most vulnerable in society through the economic challenges we are facing. As Work and Pensions Secretary, guaranteeing that safety net has been my top priority.
Partner content
Economy
By Building Societies Association
Savings pick up as households seek to increase precautionary buffers. Lending remains robust
Released today, figures from the BSA show that mortgage lending by building societies in the third quarter of the year was up 11% compared to Q2 despite the worsening outlook for the economy, and squeeze on household incomes. The number of approvals were however down 9%. Gross lending was also up by a fifth compared to the same period last year (Q3 2021), when the Stamp Duty holiday was in operation, although the number approvals were a little lower.
Voters Are More Worried About The Economy Than Before The Autumn Statement
Economy
Voters Are More Worried About The Economy Than Before The Autumn Statement
Polls carried out in the days after Jeremy Hunt’s Autumn Statement indicate voters are now more worried about the outlook for the economy and their own financial circumstances than they were before.
This is a recession made in Downing Street
Economy
By Rushanara Ali MP
This is a recession made in Downing Street
People in Bethnal Green and Bow, and across the United Kingdom, face a harsh winter. Rising rents, mortgages, food and fuel prices, plus stagnant or falling wages, add up to real misery for millions.
The Chancellor’s financial measures bring some relief but tough times continue for many
Economy
By Lord Allen of Kensington
The Chancellor’s financial measures bring some relief but tough times continue for many
Last June, I suggested to the then-chancellor – now our prime minister – some quick fixes to help people and businesses suffering from the cost of living crisis.
Chancellor Defends Financial Squeeze, More Strikes Underway, COP27 Ends
Economy
Chancellor Defends Financial Squeeze, More Strikes Underway, COP27 Ends
As the UK enters a recession, Chancellor Jeremy Hunt has defended his "difficult" Autumn Statement, multiple unions are set to take further strike action, and climate change talks come to a close at the COP27 summit in Egypt.
The Budget avoided hard cuts but was silent on delivering the growth Britain needs
Economy
By John Redwood MP
The Budget avoided hard cuts but was silent on delivering the growth Britain needs
So, after all the briefing about an austerity Autumn Statement, when it came, it provided large increases in public spending for the next two years.
All The Major Announcements In Jeremy Hunt's Autumn Statement
Economy
All The Major Announcements In Jeremy Hunt's Autumn Statement
Chancellor Jeremy Hunt promised "stability, growth and public services" in a major Autumn Statement laying out the government's spending plans, including increases to tax and cutbacks on public spending.
Austerity is going to be hard for everyone – is it time to reform our tax system?
Economy
By Professor Gulcin Ozkan
Austerity is going to be hard for everyone – is it time to reform our tax system?
It is widely anticipated that today’s Autumn Budget Statement will entail a reduction in spending and rises in taxes in the range of £50bn.
The Chancellor must not balance the Budget on the backs of the poor
Economy
By Patrick Watt
The Chancellor must not balance the Budget on the backs of the poor
If you go into most churches across the United Kingdom – not just on a Sunday but on any day of the week – you’ll find people on the frontline of the response to the cost of living crisis.
Rishi Sunak Says UK And Global Inflation Rates Are “Utterly Political”
Foreign affairs
Rishi Sunak Says UK And Global Inflation Rates Are “Utterly Political”
Prime Minister Rishi Sunak has said the economic shocks experienced by countries across the world are “inherently global” in his first press conference at the G20 Summit this morning as the Office For National Statistics announces record high inflation rates.
The energy crisis won’t end when winter does – the Chancellor must make sure no one is left behind
Economy
By Dame Clare Moriarty
The energy crisis won’t end when winter does – the Chancellor must make sure no one is left behind
Volatile energy prices and the soaring cost of living have shaken households across the country. We’re helping almost two people every minute with crisis support.
Partner content
Economy
By Chartered Management Institute
The Budget 17th November: CMI look ahead
The Chartered Management Institute has issued a comment ahead of the Budget on Thursday.
A new era of austerity is a political choice that must be rejected
Economy
By Liz Saville Roberts MP
A new era of austerity is a political choice that must be rejected
A new era of austerity is dawning. We’ll be told it’s for our own good. Don’t be fooled again.
Rishi Sunak 'Confident' About Reducing Number of Migrants Crossing Channel Next Year
Home affairs
Rishi Sunak "Confident" About Reducing Number of Migrants Crossing Channel Next Year
Prime Minister Rishi Sunak is "confident" the government can reduce the record numbers of people crossing the Channel next year after signing a major deal with the French government to try to tackle the issue, but "cannot guarantee" it.
Jeremy Hunt Says 'We're All Going To Be Paying A Bit More Tax' Ahead Of Budget
Economy
Jeremy Hunt Says "We're All Going To Be Paying A Bit More Tax" Ahead Of Budget
The Chancellor has warned there are going to be "very difficult decisions" in next week's fiscal statement but insisted the UK was "resilient".
We must protect the triple lock on pensions ahead of a difficult winter
Economy
By Lord Sharkey
We must protect the triple lock on pensions ahead of a difficult winter
In the chaos of the last three Prime Ministers, one group has suffered considerably from the uncertainty – our pensioners.
Rishi Sunak is exactly what our country needs to get us through this economic crisis
Economy
By Sir Robert Neill MP
Rishi Sunak is exactly what our country needs to get us through this economic crisis
Bounced from one crisis to the next – a number entirely out of anyone’s control, but too many of our own making – the prophetic words of Robert McNamara, the United States secretary of defence for much of the turbulent 1960s, have rung true more often than I’d care to admit over the last twelve months.
Rishi Sunak Defends Suella Braverman Appointment Despite Security Breach In First PMQs
Political parties
Rishi Sunak Defends Suella Braverman Appointment Despite Security Breach In First PMQs
Rishi Sunak has used his first Prime Minister's Questions to defend his reappointment of Home Secretary Suella Braverman less than a week after she resigned over a security breach, claiming she had made an "error of judgement" for which she has apologised.
Government Spending Plans Delayed Until 17 November
Economy
Government Spending Plans Delayed Until 17 November
Downing Street has confirmed that Chancellor Jeremy Hunt will delay an announcement of the government's spending plans that was due on 31 October until 17 November.
Liz Truss Says She Is 'Completely Committed' To Retaining The Pensions Triple Lock
Economy
Liz Truss Says She Is "Completely Committed" To Retaining The Pensions Triple Lock
Liz Truss has said pensions will increase in line with surging inflation after reports she was considering dumping the commitment.
Jeremy Hunt Says UK Faces Financial Challenges Of 'Eye Watering Difficulty' After Tearing Up Budget
Economy
Jeremy Hunt Says UK Faces Financial Challenges Of "Eye Watering Difficulty" After Tearing Up Budget
Chancellor Jeremy Hunt has confirmed a major overhaul of Liz Truss and Kwasi Kwarteng's "mini-Budget" to the House of Commons, including an indefinite freeze to income tax and a review of the energy support package after six months.