Bond yields are rising. Here’s why markets are worried about what’s next. October 23, 2023 Concerns are growing that the rise in government bond yields around the world will have knock-on effects throughout the financial system.
‘Breathtaking’ HS2 failure slammed after whistleblowers allege cover-up October 22, 2023 The government is facing fresh political backlash over HS2’s “staggering failure” amid whistleblower accusations.
‘Anaemic’ UK growth means Hunt will fail to meet fiscal rules, think tank warns May 9, 2024 The UK will suffer from "anaemic" growth for the foreseeable future meaning the government will fail to meet its fiscal rules, new forecasts suggest.
Government to ease lorry driver qualification requirements to tackle shortage July 20, 2021 Ministers have today proposed easing driver qualification requirements in order to ease the current shortage of lorry drivers, which has left supermarket shelves empty around the country. Retailers are battling an estimated shortfall of around 100,000 hauliers as a result of Brexit and the coronavirus pandemic. In a letter to the logistics sector today, the [...]
Government scales back isolation advice as ‘pingdemic’ hits businesses July 20, 2021 The government has toned down its guidance on whether people should self-isolate when pinged by the NHS test and trace app amid concerns about staff shortages. Speaking to Times Radio this morning, business minister Paul Scully said the app was there to allow people to make “informed decisions”, but added that isolation was “obviously up [...]
Government breaches another manifesto pledge by denying full triple lock uplift September 7, 2021 The government has breached another manifesto pledge and scrapped the normal functioning of the state pension triple lock, it announced today. In a statement delivered to the House of Commons today, secretary of state for work and pensions Thérèse Coffey announced the government will employ a triple lock lite, denying millions of pensioners an uplift [...]
HS2 trains on Yorkshire leg will run on existing track as part of government scaling back October 24, 2021 As part of the UK Government’s scaling back on the HS2 project, high-speed trains will run on existing tracks between Yorkshire and the Midlands, the Independent reported exclusively. In addition to a station in Leeds, the government is said to build only a new line to connect the city to South Yorkshire, leaving high-speed trains [...]
Business rates appeals soar as property experts slam government’s ban on Covid-19 review requests April 30, 2021 Business rates appeals have soared since the beginning of the pandemic, with experts branding the government’s decision to block reconsiderations based on Covid-19 as a “material change of circumstance” as a “disgrace”. The latest figures showed that, between 1 April last year and the end of March 2021, 409,430 checks had been lodged by firms, [...]
Government announces a ‘London summit’ to boost vaccine uptake June 23, 2021 The government will hold a London “vaccine summit” on Friday with Sadiq Khan and top health officials in a bid to boost the capital’s comparatively low take up of vaccines. Vaccines minister Nadhim Zahawi today announced that the summit will aim to scrutinise why the take-up of first vaccine doses in London “is slightly behind [...]
Government backs £217m Turkish solar power plant to meet COP26 climate goals November 15, 2021 The government is supporting the largest solar power station in Turkey to the tune of £217m, which will initially be assembled in the UK. The public money will go towards Turkish conglomerate Kalyon Group’s 1.35GW Karapinar solar project, as the UK aims to deliver on climate pledges made at COP26. Ministerial department UK Export Finance [...]