Budget: Government to invest £3bn in “skills revolution” October 24, 2021 The Chancellor of the Exchequer will use the budget to announce a £3bn investment in skills and education to help Brits find higher paid jobs. The cash injection aims to fuel economic growth by increasing the provision of post-16 eduction and creating opportunities for people wishing to enter high value sectors such as AI, cybersecurity, [...]
NHS chiefs ask Chancellor for £5bn more ahead of winter Covid surge August 30, 2021 NHS bosses have asked the government for billions more to cope with a winter coronavirus surge and a backlog. Health chiefs have implored Chancellor Rishi Sunak to inject £5bn more into the service to help it cope with the aftermath of the pandemic. In talks, the Treasury has been accused of working from “fantasy” figures [...]
Major UK insurers call on government to extend pension auto-enrollment to young workers March 4, 2022 A group of major British insurance firms and pension funds have called on the government to extend the UK’s pension auto-enrollment terms to include young and low-wage workers. The group sent a letter to Rishi Sunak yesterday to call on the government to “level up pensions for everyone” by abolishing the “lower earnings limit and [...]
UK’s inaugural green gilts to carry 2033 maturity August 27, 2021 The UK’s first green gilts, which are due to launch next month will have a maturity date of 31 July 2033, the Debt Management Office (DMO) announced this morning. The sale of the new gilts, the proceeds of which will go towards funding environmental projects, will take place in the week of 20 September. The [...]
Editorial: Risky Rishi’s budget may not taste so sweet if events turn sour October 27, 2021 The poor Labour party. If the job of opposition is to oppose, how to oppose Rishi Sunak’s budget?The truth is that had Sunak’s speech been drafted for Gordon Brown, not many would have batted an eyelid. Spending was replaced with investment; tax cuts a promise, not a reality. There was much to like from a [...]
The therapy industry on TikTok and Instagram is trapped in a moral maze February 7, 2023 Would you find your therapist on TikTok? Brits are increasingly turning to social media for help for their mental health, but the space is completely unregulated, writes Elena Siniscalco
Sunak and Johnson strike deal to wean government off borrowing October 3, 2021 Prime minister Boris Johnson and chancellor Rishi Sunak have brokered a deal to wean the government off borrowing to finance spending. Any new spending announced at the upcoming budget and spending review must be financed by reductions in spending elsewhere or tax hikes, Johnson has reportedly agreed to. The news was first reported by The [...]
Cabinet rallies around Boris Johnson in face of calls to resign January 13, 2022 Boris Johnson’s cabinet rallied around him today in a bid to put down a simmering rebellion in the Tory party that could cost the Prime Minister his job. A series of high-profile cabinet ministers went out to bat for the PM in broadcast interviews just 24 hours after Johnson faced a chorus of calls from [...]
Number 10: No plans for ‘imminent reshuffle’ after Johnson-Sunak row August 9, 2021 Boris Johnson has no plans for an “imminent reshuffle” after reports yesterday that he threatened to demote Rishi Sunak, according to Downing Street. The Prime Minister’s spokesman today said the pair will “continue” to enjoy a “close and effective working relationship”. The Sunday Times reported that Johnson was “apoplectic” about the leaking of a letter [...]
New prime minister has to grapple with ‘unsustainable’ UK indebtedness, fiscal watchdog warns July 7, 2022 Britain is on “an unsustainable path” to high indebtedness unless action is taken to strengthen the public finances, the country’s fiscal watchdog warned today. A combination of higher health spending to deal with an ageing society, the loss of motoring taxes due to the transition to net zero and greater geo-political risks could swell the [...]