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01 Nov 2021 Economy

Britain started 2020 as a development superpower but will end 2021 having failed to deliver on the global stage

The Chancellor is a man of his word and has now given a clear commitment that Britain will return to 0.7 per cent GNI for aid spending by 2024. This commitment is welcome and is far clearer than what he proposed in July, when 26 of my Conservative colleagues joined me in voting against his motion in the House of Commons.

28 Oct 2021 Health

The Budget failed to address serious crisis in social care ahead of growing pressures this winter

After interrogating the detail in the Treasury documents, it would be true to say that we were rather disappointed about what the Chancellor’s Budget means for social care.

28 Oct 2021 Economy

IFS Say Inflation Will Leave “Millions Worse Off”, Despite Rishi Sunak’s “Upbeat” Budget

A leading economic think tank says Rishi Sunak’s “upbeat” Budget does not match the reality for living standards and “millions will be worse off in the short term”.

28 Oct 2021 Economy

Budget Red Book Reveals Civil Service Headcount Cuts For ‘Non-Frontline’ Staff

The government plans to reduce 'non-frontline' civil service headcount to pre-pandemic levels as part of plans to reinvest 5% of departmental budgets into “priority areas” by 2024-25, Budget documents have revealed.

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27 Oct 2021 Education

IET react to Autumn Budget 2021

Simon Edwards, Director of Governance and External Engagement at the Institution of Engineering and Technology (IET), comments on today’s UK Government budget.

27 Oct 2021 Economy

Red Wall MPs Welcome Raft Of Levelling Up Funding Announced In The Budget

Red Wall Tory MPs have enthusiastically welcomed a plethora of funding commitments from the Chancellor to “level up” Britain.

27 Oct 2021 Economy

Craft Breweries “Furious” At Rishi Sunak’s Draught Relief Which “Directly Discriminates” Against Them

The craft brewing industry has reacted with fury at Rishi Sunak’s plan to offer “draught relief” to pubs saying it will only benefit big corporations and “directly discriminates” against the UK’s world-renowned independent breweries.

27 Oct 2021 Economy

Rishi Sunak Announces 8% Cut To The Universal Credit Taper Rate

Rishi Sunak has confirmed that he will cut the Universal Credit taper rate by 8% in time for the new year, meaning people receiving in-work benefits will be able to keep more of their earnings.

27 Oct 2021 Economy

Rishi Sunak Warns Inflation Will Average 4% Next Year, But Growth Could Rise Up To 6.5%

Chancellor Rishi Sunak has warned that price rises will continue, with inflation expected to average at 4% next year.

27 Oct 2021 Economy

Rishi Sunak Announces New Charter For Budget Responsibility To Urge Government "Discipline"

Rishi Sunak has confirmed he will publish a new charter for budget responsibility, aimed at keeping the government “on the path of discipline and responsibility”.

27 Oct 2021 Economy

Rishi Sunak Overhauls Business Rates And Universal Credit In His Autumn Budget

Rishi Sunak has claimed the UK's economic recovery from the pandemic is faster than our "major competitors" as he sets out an Autumn Budget that he said included the highest departmental spending in a century.

27 Oct 2021 Parliament

Keir Starmer Has Tested Positive For Covid-19 And Will Miss Today's Budget And Spending Review

Keir Starmer has tested positive for Covid-19 and therefore will not attend parliament for today’s budget and spending review.

26 Oct 2021 Economy

Former Treasury Minister Says Pre-Briefings Suggest There Is “Very Difficult News” Hidden In The Budget

Rishi Sunak has been accused of trying to “camouflage” bad news in tomorrow’s Budget after a raft of policy announcements ahead of his speech.

26 Oct 2021 Economy

Minister Says He Can't “Guarantee” Above-Inflation Pay Rise For Public Sector

Small business minister Paul Scully was unable to confirm if public sector workers will get a real-term pay rise in April amid concern that inflation could outstrip any boost to their pay.

25 Oct 2021 Economy

Rishi Sunak Agrees To End Public Sector Pay Freeze After Approving 6.6% Minimum Wage Rise

The Treasury has confirmed that millions of nurses, teachers and members of the armed forces will receive a pay rise after agreeing to end the freeze on public sector wages.

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25 Oct 2021 Economy

Betting and Gaming Council Boss calls on Chancellor to deliver a ‘Budget for Jobs’

Michael Dugher, chief executive of the Betting and Gaming Council, has called on Rishi Sunak to deliver a “Budget for jobs” when he stands up in the House of Commons on Wednesday.

23 Oct 2021 Economy

Rishi Sunak Faces A Tightrope Walk Of Pleasing Wary Tories And Reversing Austerity With His Budget

Rishi Sunak is facing a tough balancing act with this week’s Budget, where he will be hoping to please the public with spending, while keeping his fiscally prudent fans in the Conservative party on side.

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21 Oct 2021 Environment

Budget 2021: MPA calls for targeted spending in 4 key areas

The Mineral Products Association is calling on the Chancellor to do the right thing in four key policy areas in its budget submission ahead of the 2021 Budget and Spending Review on 27th October.