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Mon, 11 December 2023

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Articles tagged with: Economy
Jeremy Hunt may be a safe pair of hands but Britain’s economic prospects remain bleak
Economy
By Lord O'Donnell
Jeremy Hunt may be a safe pair of hands but Britain’s economic prospects remain bleak
The backdrop to last week’s Budget was particularly difficult for the Chancellor. It is harder for him to deliver a falling debt to GDP ratio than for any of his successors since 2010, when the Office for Budget Responsibility (OBR) was first set up.
Faced with the highest tax burden for 70 years, the Budget fails to put Britain on a path to prosperity
Economy
By Angela Eagle MP
Faced with the highest tax burden for 70 years, the Budget fails to put Britain on a path to prosperity
This budget took place against a bleak backdrop: The forecast from the Office for Budget Responsibility (OBR) showed a worsening cost of living crisis with real wages falling at the fastest rate since records began.
Partner content
Economy
By Chartered Institute of Building
CIOB response to today's budget
Eddie Tuttle, Director of policy, external affairs and research at CIOB said:
Jeremy Hunt Overhauls Childcare And Pensions In Spring Budget As UK Avoids Recession
Economy
Jeremy Hunt Overhauls Childcare And Pensions In Spring Budget As UK Avoids Recession
Chancellor Jeremy Hunt has said the UK is not entering a "technical recession" as he delivered his Spring Budget to MPs in the House of Commons on Wednesday.
Jeremy Hunt Scraps Lifetime Cap On Pension Allowance
Economy
Jeremy Hunt Scraps Lifetime Cap On Pension Allowance
Chancellor Jeremy Hunt has scrapped the £1m cap on the pension lifetime tax allowance in a bid to incentivise over 55s, particularly doctors, to stay in the workplace.
Jeremy Hunt Considered A Windfall Tax 'Price Floor' For Oil And Gas Companies
Economy
Jeremy Hunt Considered A Windfall Tax "Price Floor" For Oil And Gas Companies
Changes to the Energy Profits Levy that would introduce a “price floor” for the windfall tax have been under consideration in the Treasury, following concerns investment in the North Sea is at risk, PoliticsHome understands.
The economic and environmental case for greenshoring Partner content
Environment
By High Value Manufacturing Catapult
The economic and environmental case for greenshoring
Bringing our supply chain closer to home can provide an economic and environmental boost for the UK.
Government must invest in the nation's health to help the economy
Health
By David Finch
Government must invest in the nation's health to help the economy
While the Spring Budget may lack the high drama accompanying November’s Autumn Statement, it would be a mistake to underestimate the challenges facing the Chancellor.
The Chancellor must step up support for whisky distillers suffering from rising energy costs
Economy
By Alistair Carmichael MP
The Chancellor must step up support for whisky distillers suffering from rising energy costs
When you imagine energy-intensive businesses, there are obvious examples that spring to mind. Images abound of grand factories and industrial towns, steel producers and mass manufacturers.
Partner content
Economy
By Betting And Gaming Council
INDUSTRY VOWS TO BACK UK ECONOMY, BUT WARNS AGAINST ANTI-GROWTH TAX RISES AND REGULATIONS
The Betting and Gaming Council today vowed to back the economy by delivering on the Government’s economic plan of ‘Enterprise, Education, Employment and Everywhere’, but warned against measures which would threaten growth, jeopardise jobs, or undermine the customer experience for millions of punters.
The Spring Budget must support the hospitality industry to spearhead the UK’s economic revival
Economy
By Kate Nicholls
The Spring Budget must support the hospitality industry to spearhead the UK’s economic revival
Unless traipsing through the remotest parts of far-flung constituencies, and perhaps even then, you’re never too far from a welcoming pub or restaurant that’ll serve you food and drink, or a venue that’ll provide entertainment and a warm space to relax.
The show must go on: an interview with Kate Varah
Culture
By Nadine Batchelor-Hunt
The show must go on: an interview with Kate Varah
National Theatre executive director Kate Varah is fiercely proud of the institution and the levelling up opportunities it offers for the country. However, with a series of economic challenges on the horizon following Covid, she tells Nadine Batchelor-Hunt she’s concerned about the “headwinds” it is facing.
Partner content
Environment
By Policy@Manchester
Sustainability transitions: catalysing innovation in the foundational economy for a green and just future
The UK is making progress to achieve net zero, with the latest findings indicating that UK emissions in 2021 fell below 2019 levels. These efforts, however, are still identified as insufficient for fulfilling the Paris Agreement. To lead the way towards a green and just future, regional and urban areas are developing ambitious strategies to reduce emissions and improve social conditions. Such approaches will likely be required to address the significant environmental, social and economic pressures that have occurred since 2019. In this article, Usman Aziz, Professor Elvira Uyarra, and Dr Josephine Mylan from The University of Manchester analyse international best practice of sustainability policies in city-regions and the lessons that can be drawn from them.
The UK’s workforce is being squeezed on multiple fronts – government and business must respond
Economy
By Lord Bridges
The UK’s workforce is being squeezed on multiple fronts – government and business must respond
Since the start of the pandemic, economic inactivity has increased by about 570,000 people, as seen in the ‘help wanted’ signs on high streets across the country.
Competitive decarbonisation is the only way to save our industrial communities
Environment
By John Penrose MP, Jo Gideon MP, Stephen Kinnock MP and Arjan Geveke
Competitive decarbonisation is the only way to save our industrial communities
Today, we are launching a cross-party and cross-industry commission to explore how the United Kingdom can reach net zero without undermining the competitiveness of British industry.
We must work to help unlock the potential of apprenticeships
Economy
By Lord Knight of Weymouth
We must work to help unlock the potential of apprenticeships
Governments around the world are grappling with some huge challenges, but this feels especially acute here in the UK.
Top Stories: UK Narrowly Avoided Recession, Labour Win Large Majority In By-Election
Economy
Top Stories: UK Narrowly Avoided Recession, Labour Win Large Majority In By-Election
The UK economy narrowly avoided recession at the end of last year, with the Office for National Statistics (ONS) reporting that economic output in the last three months of 2022 was flat at 0 per cent.
Britain’s unaffordable and dysfunctional childcare system is forcing women out of work
Economy
By Joeli Brearley
Britain’s unaffordable and dysfunctional childcare system is forcing women out of work
If the United Kingdom’s economy is to advance and flourish, then it must mobilise the full potential of its people. That includes mothers.
We must scrap the unliveable Apprenticeship Minimum Wage
Economy
By Jack Shaw
We must scrap the unliveable Apprenticeship Minimum Wage
The National Minimum Wage has benefitted millions of Brits. When it was introduced in 1999 it was met with scepticism in some quarters, fearing that employers would cover their costs by scaling back on investment.
Partner content
Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 4%
Commenting on the increase in the Bank Rate from 3.5% to 4.0%, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA said:
Building more homes is vital to stop rising rents pushing workers out of cities
Communities
By Andrew Lewer MP
Building more homes is vital to stop rising rents pushing workers out of cities
If you happened to have glanced at any London property portal recently you will be lucky to find a reasonably priced home to rent for under £900 per month, per person, in and around central London.
Tory MPs Urge Rishi Sunak To Show 'Imagination' As Party Shows Little Sign Of Recovery
Economy
Tory MPs Urge Rishi Sunak To Show "Imagination" As Party Shows Little Sign Of Recovery
Restless Conservative MPs are urging Rishi Sunak to set out a more ambitious policy agenda as anxiety grows that the Prime Minister has seemingly failed to move the dial on the party's popularity since entering Downing Street.
Jeremy Hunt Calls On Early Retirees To Work Again, Questions Over HS2 Future
Economy
Jeremy Hunt Calls On Early Retirees To Work Again, Questions Over HS2 Future
Chancellor Jeremy Hunt has called on people who retired early to reconsider joining the workplace, as he declared that “Britain needs you”.
The Treasury’s role in helping sanctioned Russian warlord exposes our failure to tackle lawfare
Economy
By Liam Byrne MP
The Treasury’s role in helping sanctioned Russian warlord exposes our failure to tackle lawfare
You could almost hear the sound of dropping jaws. The news that Her Majesty’s Treasury helped lawyers bypass sanctions to help the boss of Russia’s brutal Wagner Group pay legal costs provoked outrage and disbelief in equal measure.