London (Parliament Politics Magazine) – Simon Case, the chair of the civil service, has supported the government’s figures indicating that a £22bn shortfall was exited by the previous Conservative administration. The cabinet secretary stated the Tories’ failure to hold regular spending reviews
London (Parliament Politics Magazine) – The North Sea industry has cautioned the government not to strengthen its windfall tax on oil and gas profits in the autumn budget, arguing it risks losing £12bn in tax receipts and threatening 35,000 jobs. The industry’s
London (Parliament Politics Magazine) – A senior Labour backbencher is aiming to have liabilities from schools and hospitals constructed under private finance initiative (PFI) deals analysed under a new budget responsibility bill. How Could the New Budget Responsibility Bill Impact PFI Liabilities?
The British Business Bank, the UK government’s economic development bank, is celebrating ten years of enhancing financial access for smaller businesses during Business Finance Week 2024. Running from September 26 to October 3, the week is dedicated to informing entrepreneurs about various
In mid-September, the Labour government released a highly anticipated fiscal statement featuring several pro-business measures aimed at bolstering economic growth. Key policies include: The business community reacted positively, with the CBI praising the statement as a significant boost to business confidence. Bank
London (Parliament Politics Magazine) – The UK financial watchdog is to analyse whether insurance firms are ripping off “vulnerable” customers who take out procedures designed to financially cover them and their families in case of severe illness or death. Are Insurance Firms
The Bank of England has announced a notable reduction in interest rates, lowering them from 5.25% to 4.75%. This decision, made during their August meeting, is significant as it reflects ongoing efforts to address inflationary pressures while supporting economic recovery. The cut,
London (The Brussels Morning Newspaper) – UK Ministers have been demanded to intervene to prevent businesses labouring with gas and electricity prices from going bust, as bills are predicted to be 70% higher next year than before the energy crisis. How Will
London (Parliament Politics Magazine) – The number of people aged 60 and older who are self-employed has reached a record of nearly 1 million in the UK, research indicates. What’s Driving the Rise in Self-Employment Among UK’s Over-60s? This denotes an addition
London (Parliament Politics Magazine) – Substantial spending on public services and welfare compelled government borrowing to £3.1bn last month, more than double its status in the same month a year earlier and more sinister than experts had expected. What caused the significant
