Pound rallies as UK employment hits record high and wages beat 2008 peak February 18, 2020 Wages beat their pre-financial crisis peak for the first time at the end of 2019, as the level of UK employment rose to a record high of 32.9m people. A total of 180,000 people entered the workforce between October and December 2019, the Office for National Statistics (ONS) said today. That took the number of [...]
The Long Read: The coronavirus loan scheme risks failing the people it was designed to help April 19, 2020 When the chancellor, Rishi Sunak, vowed that the government would do “whatever it takes” to keep businesses alive during the pandemic, the immediate reaction from corporate Britain was one of relief. The pledge to pay the wages of employees unable to work and the ambition behind the £350bn package of support (combining grants, sector-specific relief [...]
Tories get ‘Boris bounce’ in polls but pledge to focus on Brexit July 28, 2019 The Conservatives have received a ‘Boris bounce’ in the polls just days after picking their new leader and prime minister. Read more: Boris Johnson ‘absolutely’ rules out pre-Brexit general election New PM Boris Johnson has earned the Tories a 10 point jump in a poll for the Mail on Sunday, and a six point boost [...]
FTSE 100 crashes 10.9 per cent in worst one-day fall since 1987 March 12, 2020 The FTSE 100 suffered its second biggest one day fall in the history of the index, and the worst day since 1987, as it closed down 10.87 per cent. London’s blue-chip index plunged 639 points to close at 5,237 points, as global stocks suffered yet another meltdown after Donald Trump imposed a travel ban on [...]
UK to create up to 10 freeports to boost trade after Brexit August 2, 2019 The UK is planning to create up to 10 freeports to boost trade after Brexit, it said today. New Prime Minister Boris Johnson, who is committed to taking the UK out of the EU by 31 October, floated the idea during his campaign for the Conservative leadership. The government said ports and airports around the [...]
Boris Johnson assembles his quickfire cabinet July 24, 2019 Boris Johnson oversaw one of the most brutal cabinet culls in UK political history tonight, replacing a string of big-name MPs with some of his closest supporters. Within hours of arriving in Downing Street Johnson had appointed Sajid Javid as chancellor, Dominic Raab as foreign secretary, Priti Patel as home secretary, and Liz Truss as [...]
Free ports could turn Brexit to our economic advantage August 6, 2019 One of the most exciting shifts in policy under the new government has been its whole-hearted embrace of free ports. But many people are still puzzled by what they are. In a nutshell, free ports are areas which are within the UK, but outside its customs borders. So you can bring your goods into the [...]
Small businesses borrow £18bn in three weeks under Bounce Back Loan Scheme May 27, 2020 Small and medium-sized businesses have borrowed more than £18bn under the government’s Bounce Back Loan Scheme (BBLS) in its first three weeks of operation. The BBLS was introduced by chancellor Rishi Sunk after criticism that the existing Coronavirus Business Interruption Loan Scheme (CBILS) was not being made accessible to many businesses by the banks administering [...]
An open letter to the PM: Britain must build Sizewell C — nuclear sits at the heart of a green recovery July 12, 2020 An open letter to Prime Minister Boris Johnson, business secretary Alok Sharma, and chancellor of the Exchequer Rishi Sunak We are writing as engineers, nuclear experts, scientists and concerned citizens to applaud your commitment to fighting climate change through energy policy, in particular the commitment to proceed with new nuclear construction at the same time [...]
A truly radical and pragmatic Prime Minister would let parliament get a cat August 2, 2019 Parliament is infested with vermin. According to an internal report seen by the MailOnline, the Westminster war on mice is being lost, despite £111,498 spent on pest control last year. As political conundrums go, this one has an obvious solution: allow cats on the parliamentary estate. Lots of them. Practical, inexpensive, and ruthlessly effective, this [...]