In search of a plug for the blackhole, Hunt must not cull investment in our future November 14, 2022 We are still spending comparatively little compared to other science superpowers such as Israel and South Korea. And the real benefits from investing in R&D aren’t typically felt for about ten years.
Asda chair hammers government for ‘tin eared’ response to cost of living crisis April 3, 2022 The government has delivered a “tin-eared and slow” response to the UK’s cost of living crisis, according to the chair of Asda. Tory peer Lord Stuart Rose said chancellor Rishi Sunak should put together a new package to ease the pain of soaring costs for households, adding that “the main problem that the government has [...]
UK ‘not protected from economic consequences’ of Russia sanctions, say MPs March 23, 2022 An influential Westminster committee has claimed the British economy is “not protected from the economic consequences” of western sanctions against Russian oil and gas, and that Rishi Sunak must bring forward help to the country’s lowest earners. A report from the Treasury Select Committee said the UK government was “right to insist” on wide-ranging sanctions [...]
Tory leadership: Raab hits out at Truss’ record as Treasury minister July 17, 2022 Dominic Raab has questioned the record of Tory leadership hopeful Liz Truss when she worked as a Treasury minister in response to her attacks on Rishi Sunak. The Deputy Prime Minister, a Sunak supporter, said “people can see whether spending and headcount in the civil service went up or down” when Truss worked as chief [...]
‘There’s a real opportunity here’: Fintech chief Janine Hirt on why London remains the place to be April 13, 2023 The INnovate Finance boss speaks with City AM on why the next chapter will be crucial for the UK's fintech sector
Truss ‘giving with one hand and taking with other’ through stealth taxes, IFS says October 6, 2022 Liz Truss is “giving with one hand and taking with the other” by keeping stealth taxes, a new study out today reveals. Some £2 for every £1 returned to Brits in the prime minister and chancellor Kwasi Kwarteng’s tax cutting mini-budget will be lost to “fiscal drag,” the Institute for Fiscal Studies (IFS) said today. [...]
Almost no one is happy with Brexit, but stronger EU ties will be in inches not miles January 24, 2023 A Swiss-style relationship with the EU post-Brexit is not on the table. The government must find a smart way forward focusing on the key areas where strong cooperation is most needed, writes Joel Reland
Inflation to climb again in fiscal headache for Sunak March 21, 2022 Inflation in the UK will accelerate to its highest rate since 1991, according to bets placed by City economists on Wednesday’s fresh data released ahead of Chancellor Rishi Sunak’s spring statement. The rate of price rises will breach six per cent, new figures from the Office for National Statistics (ONS) will show. Rising energy and [...]
Mindset shift may be needed to embrace the riskiest but most rewarding new ideas April 4, 2022 Since the UK’s departure from the European Union, we have not been shy of reviews into the future of the City of London – and how to ensure the Square Mile is the most competitive financial centre in the world. Chief amongst those are the Hill Review into listing rules, and the Kalifa review into [...]
Sunak’s wife to pay UK tax on overseas income April 10, 2022 Rishi Sunak’s wife will pay UK tax on her overseas income after a row over the appropriateness of her non-dom status, she announced yesterday. The Chancellor’s wife, Akshata Murty, an Indian national, said she will pay UK taxes on her foreign income to avoid becoming a “distraction” for her husband’s political career. Critics have accused [...]