Rishi Sunak not interested in setting debt-GDP ratio target for UK March 11, 2021 Rishi Sunak has said today that his fiscal policy decisions will not be guided by a target debt-GDP ratio and that he would instead look to other indicators to measure the nation’s finances. The chancellor has spent more than £400bn during Covid-19, including a planned £65bn over the next year to stimulate the economy, pushing [...]
One-in-five UK exporters turn away from EU post-Brexit, says IoD March 11, 2021 One-in-five UK exporters turn away from EU post-Brexit, says IoD
European Central Bank to print money faster as interest rate stays unchanged March 11, 2021 European Central Bank to print more money faster as interest rate stays unchanged
Technology transfer offers a fast route toward rebuilding the COVID-ravaged economies of low-and-middle income countries March 11, 2021 | City Talk Technology transfer is a measure of the way in which countries manage their international flows of capital, goods, services, ideas and people. Borders and tariffs in rich countries often impede the economic and technological exchanges that could otherwise accelerate development and growth in poorer nations. Evidence shows that quickly spreading technology and technological knowledge quickly [...]
Stamping ‘Made in UK’ on products could boost exports by £3.5bn March 11, 2021 Pride of Britain: Stamping 'Made in UK' on cheese, lamb, booze and cars could boost exports by £3.5bn
Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn March 10, 2021 Brits to boost UK GDP by £16bn in post-lockdown spending as excess savings balloons to £160bn
British Business Bank boss calls for more ‘risk-sharing’ in recovery loan scheme March 10, 2021 The head of Britain’s state-owned business bank has called for more risk-sharing in SME lending as she looks at combatting fraud in a new loan scheme. Catherine Lewis La Torre, who took over as chief executive of the British Business Bank (BBB) in September, told City PM there is a need for the market to [...]
George Osborne hits out at Sunak’s ‘unenterprising’ corporation tax hike March 9, 2021 Former chancellor George Osborne has slammed Rishi Sunak for his £45bn plans to raise corporation tax, saying they will send a message to other countries that “Britain isn’t a very enterprising place”. Osborne said today that he would have preferred to raise VAT to raise government revenues instead of Sunak’s plan to hike corporation tax [...]
OECD: Success of vaccine rollout boosts UK GDP forecast March 9, 2021 The Organisation for Economic Cooperation and Development (OECD) has upgraded its forecasts for the UK economy pointing to the success of its vaccine rollout. UK GDP is now forecast to grow 5.1 per cent this year and 4.7 per cent in 2022. It is a marked improvement on the OECD’s December projections which predicted 4.2 [...]
