Reeves is gearing up for a blame game March 6, 2025 You can hear the spin a mile away; as the Chancellor’s team prepares for the Spring Statement the groundwork is being laid. Despite the fact that the inevitable consequences of the government’s multi-billion pound tax raid on businesses have been clear for months, with economic growth suffocated, sources close to the Chancellor are telling the [...]
Pension death tax will punish millions of savers, says advisory firm March 5, 2025 Planned government changes to pension taxes must be dropped, according to City experts. Advisory firm Blick Rothenberg has slammed the move as a “poorly conceived policy change [that] penalises prudent savers and their loved ones through double taxation.” The pension reforms – announced in October’s Budget and set to kick in from April 2027 – [...]
UK business confidence in crisis, new report says March 5, 2025 More than three quarters of bosses have low confidence in the UK business environment, according to a survey by the Adam Smith Institute (ASI) think tank. The ASI Business Confidence Survey took the temperature of 192 business leaders, who between them represent 100,000 employees – from sectors including finance, retail and manufacturing. It paints a [...]
Chancellor lining up billions in spending cuts as fiscal headroom wiped out March 5, 2025 The Chancellor Rachel Reeves is preparing to announce “major measures” including substantial spending cuts to a number of government departments – including welfare – in the Spring Statement. According to BBC News, sources said that “the world has changed” since the Budget, and that £9.9bn in fiscal headroom projected by the Office for Budget Responsibility [...]
Net Zero: weak economic growth, high energy prices and stagnant productivity? March 5, 2025 How many times have we heard the argument that there is no trade-off between pursuing Net Zero and economic growth? The argument lies at the heat of the country’s economic, climate and environmental policy debate. The energy secretary, Ed Miliband, repeats the mantra at every opportunity – “clean energy and Net Zero equals good jobs [...]
Canada and Mexico tariffs: No10 stresses ‘balanced’ trade relationship with US March 4, 2025 The UK has a “strong, fair, balanced and reciprocal trading relationship” with the United States, No10 has stressed, as US tariffs came into force against Canada and Mexico. President Trump’s tariffs on goods from Canada and Mexico took effect on Tuesday, with global markets put on edge and retaliations planned by the two countries – [...]
A win on the world stage masks mounting trouble at home March 4, 2025 Keir Starmer has won plaudits for his decision to increase defence spending (albeit by less than the amount he’s given Ed Miliband to run a pretend energy company) and voters appear to be firmly behind the PM’s decision to fund this modest splurge by raiding the international development budget. The latest Morning Wire Freshwater Strategy [...]
Starmer’s defence policy is popular, but voters still don’t rate him March 4, 2025 There are decades where nothing happens, and there are weeks where decades happen. This quote — often attributed to history’s other murderous Vladimir, Soviet leader Lenin — could not describe the last week more aptly. The heart-sinking scene of Donald Trump and JD Vance locked in a tense, antagonistic exchange with Volodymyr Zelenskyy in the [...]
Reform UK overtakes Labour in Morning Wire poll for first time March 3, 2025 Reform UK has overtaken Labour on voting intention for the first time in Morning Wire‘s monthly tracking of UK voters. Reform came top of the monthly voting intention tracker with 27 per cent, versus Labour’s 24 per cent and the Conservatives’ 23 per cent, according to the poll by Morning Wire Freshwater Strategy poll. The [...]
Exclusive: Labour overtake Tories as most trusted on defence, poll finds March 3, 2025 Labour has overtaken the Conservatives as the party most trusted to manage the UK’s defence and national security – and Brits overwhelmingly back the plan to fund an increase in defence spending by raiding the international development budget. Prime Minister Sir Keir Starmer’s Labour Party was chosen by 27 per cent of respondents compared to [...]