We need a Swedish-style civic duty to stop division being baked into our politics for good January 17, 2023 Brexit, immigration, the cost-of-living crisis. All of these are issues which have divided the British public, now we need to find a way to bring people together.
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 [...]
Jeremy Hunt faces calls for March budget giveaways after UK borrows £30bn less than forecast February 21, 2023 The UK government spent less than it reaped in from taxpayers last month helping to push yearly borrowing £30bn lower than projected by forecasters, officials figures out today reveal. The difference between what the government generated in revenue and spent hit a positive £5.4bn, meaning the UK’s public finances were in surplus last month, according [...]
UK inflation smashes forecasts again raising chances of larger Bank of England interest rate hike June 21, 2023 UK inflation is still outpacing experts’ predictions and is running at a level that could lure the Bank of England into an outsized interest rate hike tomorrow, heaping more pain on families and businesses. Official figures out this morning from the Office for National Statistics (ONS) showed the rate of price hikes held steady at [...]
Government needs to step up support for small firms at spring statement March 14, 2022 The government needs to step up support for small businesses to turbo charge the UK economy at this month’s spring statement, according to Britain’s top small firm representative body. Small businesses need support to cope with huge increases in raw material and staffing costs, according to the Federation of Small Businesses (FSB). The organisation today [...]
Sunak under pressure to drop NI rise in wake of Ukraine invasion March 6, 2022 Rishi Sunak is under increased pressure to drop his 1.25 percentage points increase of National Insurance next month in the wake of Russia’s invasion of Ukraine. It is expected the war will lead to higher inflation than expected due to Europe’s large reliance on Russian gas and Ukrainian agricultural products, like wheat. Annual growth in [...]
UK must overhaul planning to meet renewable goals, warns National Grid November 1, 2022 The UK will have to ramp up planning reform to meet its green energy goals, confirms National Grid boss John Pettigrew.
Slashing taxes on fuel would half the cost of filling up a car June 10, 2022 The cost of filling up a car in the UK would be nearly half the price if all taxes on fuel were scrapped, reveals analysis shared exclusively with City A.M. Nearly 50p of every £1 spent on filling up a car in the UK is swallowed up by tax, according to research by the TaxPayers’ [...]
UK’s post-Covid small business support programme sees slow take-up February 9, 2022 Rishi Sunak’s post-Covid scheme to boost productivity among small British businesses has seen it reach just a tenth of its target in its first six months. The Help to Grow scheme, launched in August last year, is intended to support 30,000 small and medium sized enterprises (SMEs) by offering business training in areas like marketing [...]
British Chambers of Commerce urges Sunak to help businesses facing rising costs March 20, 2022 The British Chambers of Commerce has called on Rishi Sunak to help businesses facing rising energy costs as it warns of a “cost of doing business” crisis. BCC director general Shevaun Haviland today urged the chancellor to scrap the planned rise in National Insurance Contributions for employees and employers next month and to implement an [...]