Business budget: Hunt vows to cut taxes and boost investment by £20bn a year by 2030 November 21, 2023 Jeremy Hunt has vowed to boost business investment by £20bn a year by 2030 ahead of the Autumn Statement.
Reasons to be cheerful? Why the UK could dodge a recession November 21, 2023 After the most recent GDP figures for the third quarter, it is all but certain that the UK will avoid a contraction this year. So are there still reasons to be optimistic about the UK's performance over the coming months?
Wage growth nudges higher — what does this mean for the Bank’s war on inflation? November 21, 2023 Pay awards have picked up again in the last three months thanks to higher pay packets from the public sector, complicating the path to potential interest rate cuts.
As wage growth passes its peak experts are divided on the Bank of England’s next move November 14, 2023 The question is what will happen with wage growth over the coming months. Predictably, economists are divided.
Wage growth beats expectations as inflation beds into UK economy November 14, 2023 In its most recent Monetary Policy Report, the Bank of England suggested that unemployment will have to go higher than it previously thought in order to bring down wage growth.
UK millennials ‘still wearing economic scars’ of 2008 financial crisis November 13, 2023 While millennials in the US have mostly recovered from the impact of the 2008 crisis, their contemporaries in the UK continue to wear the “economic scars” of that period, according to a new research from the Resolution Foundation.
ONS considering bigger cash rewards to address drop in survey response rate November 12, 2023 The Office for National Statistics (ONS) is offering bigger cash incentives for participants in its surveys as it seeks to address the declining response rate.
Increasing signs of slack in UK’s labour market as firms report growing pool of workers November 8, 2023 The survey showed that starting salary inflation slipped to a 31-month low, although it remained "sharp".
X owner Elon Musk tells PM Rishi Sunak AI will eventually mean ‘no job is needed’ November 2, 2023 Elon Musk has told Rishi Sunak he believes artificial intelligence (AI) is “the most disruptive force in history” and that eventually “there will come a point where no job is needed”.
Government stuck in public services ‘doom loop’, top think tank warns October 30, 2023 The government is stuck in a “doom loop” with the UK’s public services “in a dire state”, a top think tank has warned. An annual report on UK public services has forecast that almost all services, other than child social care, could perform worse in 2027-2028 when compared to pre-pandemic levels. This is due to [...]