Number of Brits in jobs up by 275,000 people to record 29.7m March 15, 2022 The number of UK workers on payrolls rose by 275,000 between January and February to a record 29.7 million, the Office for National Statistics said this morning. Grant Fitzner, chief economist at the Office for National Statistics, said: “The labour market continues to recover from the effects of the pandemic, with the number of unemployed [...]
UK to get new PM on 5 September as Tory leader votes start Wednesday July 11, 2022 The UK will get its 78th Prime Minister on 5 September, with the Conservative MPs to begin the process of electing a new party leader on Wednesday. Sir Graham Brady, chair of the 1922 Committee of Tory backbenchers, this evening announced MPs would have their first vote Wednesday and a second on Thursday. A number [...]
Self-employed coronavirus stimulus: Rishi Sunak to pay Britain’s freelancers up to £2,500 a month March 26, 2020 The government will pay 80 per cent of self-employed workers’ wages, up to £2,500 a month, to deal with the economic fallout from coronavirus. The package was announced by chancellor Rishi Sunak today, giving self-employed workers the same support announced for traditional workers last week. It will be available for any self-employed person who has [...]
Tory leadership race descends into all out war in televised debate July 17, 2022 The Conservative leadership race descended further into vicious mudslinging today as the remaining five candidates tore shreds off each other for 60 minutes in a televised debate. Frontrunners Rishi Sunak and Liz Truss had a number of bruising encounters, with the ex-chancellor accusing the foreign secretary of peddling “something for nothing economics” that are closer [...]
‘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
Budget 2020: Rishi Sunak gives economy £30bn boost amid coronavirus outbreak March 11, 2020 Chancellor Rishi Sunak has announced a £30bn stimulus package to support the UK economy through the coronavirus outbreak in the biggest spending spree in almost 30 years. Sunak – who was made chancellor last month – said it was one of the most comprehensive responses to the outbreak by any government. The plan earmarks £12bn [...]
Kwarteng says windfall tax on electricity firms would be ‘challenging proposition’ May 24, 2022 Slapping a windfall tax on electricity generators would be a “challenging proposition” and could hamper the UK’s net-zero ambitions, according to business secretary Kwasi Kwarteng. The business secretary also came out firmly against a windfall tax on oil and gas companies, saying the policy is “not a good idea” in comments that will put him [...]
Swelling NHS and social care costs will force Sunak to more than double new levy, warns IFS October 12, 2021 Chancellor Rishi Sunak will have to more than double a levy on employers and employees to meet the cost of an-ever demanding health and social care system. Ongoing cost pressures generated by the UK’s ageing society are likely to force Sunak to hike the newly created health and social care levy to 3.15 per cent [...]
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
UK’s £50bn black hole: Brits face a long, cold winter full of spending cuts and fresh tax hikes November 1, 2022 After barely a week in office, Rishi Sunak, the new Prime Minister, and his equally new Chancellor, Jeremy Hunt, are expected to move ahead with tax rises for millions of Brits. As early as next week, Sunak and Hunt will most likely extend a freeze on the thresholds at which people start to pay the [...]