Businesses will ‘lick their wounds’ after Budget, even if growth picks up December 5, 2024 The BCC said the upgrades were driven by "increased levels of government spending" following the Budget.
UK economy to ‘grow twice as fast’ as Europe in 2025 December 5, 2024 The UK economy is set to grow twice as fast as its European counterparts next year thanks to the flurry of spending measures announced in October’s Budget, a top bank has forecast. Britain’s gross domestic product (GDP) will increase by 1.4 per cent next year, analysts at ING said in the bank’s annual economic outlook, [...]
Hedge fund managers could buy land, MPs told, as Tories fail to scrap ‘farm tax’ December 4, 2024 Hedge fund managers could buy up farmland if UK farmers sell up to avoid the inheritance levy, MPs were told, as the Tories brought a vote on the so-called ‘family farms tax’. Conservative MPs used an opposition day debate on Wednesday to bring a Commons vote on Labour’s Budget measure which would see farmers pay [...]
PMQs: Reeves ‘coming back for more’ in next Budget, Badenoch warns December 4, 2024 Chancellor Rachel Reeves will be “coming back for more” borrowing and further tax rises in her next Budget, according to Tory leader Kemi Badenoch. During a feisty PMQs the Conservative leader railed against the Prime Minister who she said “failed to repeat the Chancellor’s pledge of no more borrowing and no more taxes”. After referencing [...]
Public spending to ‘boost growth’ next year, but inflation also set to spike December 4, 2024 In its latest economic outlook, the Organisation for Economic Co-operation and Development (OECD) projected that growth would pick up to 1.7 per cent in 2025.
Starmer needs a rethink, not a relaunch December 4, 2024 It doesn’t take a huge stretch of the imagination to picture a communist bureaucrat issuing a decree: “Comrades, I can announce today that four years from now 92 per cent of routine operations will be carried out within our new national target of just four and a half months – realising a goal that has [...]
How should the UK respond to Donald Trump’s tariffs? December 4, 2024 Trump's taste for tariffs is well known, proudly proclaiming in the election campaign it was the most beautiful word in the dictionary.
Changing tune: Now Reeves refuses to rule out future tax rises December 3, 2024 Rachel Reeves has repeatedly declined to guarantee that there will be no more borrowing or tax rises following her first Budget, despite being pressed by MPs on her previous pledge. Speaking at the Confederation of British Industry (CBI) conference in November, the Chancellor sought to reassure business leaders that there would be no repeat of [...]
Households cut back on spending at fastest pace in five years December 3, 2024 According to figures published by Barclays, essential spending fell by 3.1 per cent in November, the sharpest monthly fall since 2019.
The City needs to fall in love with risk again December 3, 2024 Back in March, in a meeting room somewhere in the labyrinth of offices that makes up the Square Mile’s political headquarters at the Guildhall, the General Purposes Committee of Aldermen and the Communications and Corporate Affairs Sub Committee met to consider a report on a potential area of focus for a potential new Lord Mayor [...]