Markit’s service sector survey eases concerns over economic growth December 3, 2015 The UK's service sector grew at a faster rate in November, easing concerns that the economy was slowing after weak figures for construction and manufacturing. Markit's service sector purchasing managers' index – a survey of firms – scored 55.9 for November from 54.9 in October. It is a four-month high and is further above the [...]
Lord Lamont talks Osborne, Varoufakis and the EU referendum December 1, 2015 One wouldn't normally expect a former Conservative chancellor to agree with a controversial left wing ex-finance minister, but Lord Norman Lamont robustly defends his friend Yanis Varoufakis. “Varoufakis was disputing the rules of the European Union, rather than what they had discretion over, whereas the EU was responding by saying these are the rules; you [...]
Festive boom sees twice as many jobs as jobseekers in the UK, although average advertised salaries continue to fall December 1, 2015 The UK had twice as many jobs available as it did jobseekers in October, with 1,229,131 vacancies and only 664,130 people available to fill them. According to a study released today by job search engine Adzuna, recruitment drives for festive season roles caused available jobs in October to skyrocket, going up 4.3 per cent from 1,178,129 [...]
George Osborne’s Big Red Book is securing UK prosperity while Maoism gathers dust November 30, 2015 George Osborne set out last week how this government is fulfilling its manifesto promises: delivering financial security on the back of economic growth, and national security in an uncertain world. Coupled with plans to make markets work better for families and firms – like increasing competition so bills come down – he spoke to the [...]
UK care homes at risk of financial ruin as Living Wage costs bite November 30, 2015 Hundreds of British care homes are facing financial ruin as a result of the Living Wage, with the sector expected to come up against a £500m funding gap next year. According to data from corporate health specialists Company Watch, costs across the sector could rise by as much as £900m with the introduction of the [...]
Autumn Statement 2015: When it comes to tax credits, it’s heartening to see George Osborne perform a u-turn, even at the cost of looking weak November 25, 2015 In the run-up to the Autumn Statement and Spending Review, the biggest question was what George Osborne was going to do about tax credits. He couldn't u-turn fully, because there was nowhere else to find his £12bn of welfare cuts needed to generate a £10bn surplus by 2020—or so ran the conventional line. Therefore people [...]
Autumn Statement 2015: George Osborne’s Help-to-Buy and other housing budget announcements are little more than empty rhetoric November 25, 2015 George Osborne’s big news today was the announcement that the government “chooses to build” and will double the housing budget to £2bn, reforming the housing system and pumping £7bn into building 400,000 more affordable homes. Described as "the biggest affordable housebuilding programme since the 1970s", it's great news for those in desperate need of affordable housing. However [...]
Autumn Statement 2015: George Osborne’s speech transcript in full including stamp duty, business rates and corporation tax announcements November 25, 2015 Mr Speaker, this Spending Review delivers on the commitment we made to the British people that we would put security first. To protect our economic security, by taking the difficult decisions to live within our means and bring down our debt. To protect our national security, by defending our country’s interests abroad and keeping our [...]
Autumn Statement and Comprehensive Spending Review 2015: Housing set to dominate – as well as what time it starts, how to watch it and what will be in it November 25, 2015 Later today George Osborne will take to the despatch box to give his combined Autumn Statement and Comprehensive Spending Review. George Osborne has already tweeted the front cover of the document, saying it will "deliver economic and national security – the foundations of everything we do". Today's Spending Review will deliver economic and national security – the [...]
Seven out of ten London businesses are in favour of National Living Wage, compared to six out of ten overall November 25, 2015 Seven out of ten (71 per cent) businesses in London are in favour of the National Living Wage, according to figures shown exclusively to City A.M. by Group Risk Development (GRiD). By comparison, in a survey released earlier by the GRiD, only 62 per cent of businesses across the UK as a whole were fond [...]