Budget 2016: Chancellor George Osborne throws weight behind Crossrail 2 and HS3 with more than £300m in transport spending March 15, 2016 Chancellor George Osborne will throw his weight behind Crossrail 2 and the HS3 rail project between Leeds and Manchester when he delivers the 2016 Budget tomorrow. Osborne will use the Budget to commit to more than £300m in new infrastructure spending, including £80m to fund the development of plans for Crossrail 2 and £60m to [...]
Humiliation: Former energy secretary slams government over risk of lights going out March 14, 2016 Former energy secretary Lord David Howell has ripped into the government’s energy policy, saying that Britain has fallen into a “humiliating” position. Howell, who is also the father-in-law of chancellor George Osborne, told City PM: “We’re a great industrial country, we are the pioneers of coal and steam, and the leaders of the world and [...]
Budget 2016: In the run up to the EU referendum, does Britain have to leave the blue to get out of the red? March 14, 2016 The news that the Britain’s goods-trade deficit with the European Union has widened to a record £8.1bn will leave the chancellor's Byron Burger tasting somewhat tough just a few days before his Budget. The record figures, released by the Office of National statistics (ONS), also showed a deficit of £23bn over the past three months. It is staggering [...]
EU referendum: More than half of French voters want their own In/Out vote, with voters in Sweden, Spain and Germany all calling for referendums March 14, 2016 More than half of French voters want their own referendum on European Union membership – and nearly just as many think Britain should leave the European Union – according to new research from the University of Edinburgh and dpart, a German think tank. Researchers polled more than 8,000 voters across six countries – France, Sweden, Spain, [...]
EU referendum: Green Party lauches pro-Remain campaign March 14, 2016 The Green Party has launched its pro-Remain EU campaign, stating that Green supporters will be crucial in order to win the vote for the UK to stay in the EU. The Green Party's only MP Caroline Lucas said the party would be "loud and proud" about the UK's membership of the EU, arguing the EU story should [...]
EU referendum: Berenberg economists predict Brexit could cause recession, a run on sterling, David Cameron’s resignation and another Scottish IndyRef March 14, 2016 You wake up on the morning of 24 June, the day after the UK went to the polls for the EU referendum, tentatively draw the curtains and what do you find. Big Ben submerged as the Thames breaches its barriers? Earthquakes and tornadoes ripping up the Home Counties? Horses eating each other? A version of that is [...]
Budget 2016: Institute of Fiscal Studies’ Paul Johnson says budget cuts may not materialise March 14, 2016 Chancellor George Osborne has indicated he will announce more cuts in his Budget, but these cuts may never materialise, director of the Institute of Fiscal Studies Paul Johnson has said. Yesterday the chancellor indicated be may have to announce cuts worth up to £4bn by the end of this parliament when he delivers his Budget [...]
EU referendum: Travel association Abta says uncertainty after Brexit vote would likely weaken the pound making holiday and business travel abroad more expensive March 14, 2016 The period of uncertainty following a Brexit vote would have an impact on the pound, making the cost of holidaying more expensive, as well as adding costs for UK businesses to buy abroad, the UK's largest travel association has said. In a report titled What Brexit might mean for UK Travel, Abta and Deloitte found [...]
Budget 2016: Industry groups warn chancellor George Osborne against hiking insurance premium tax as EY Item Club urges against planned £4bn in spending cuts March 14, 2016 Leading industry groups are pleading with the Treasury to give British businesses a break at this week’s Budget, as chancellor George Osborne eyes up a major tax hike on insurance premiums and higher tax revenues from Britain’s biggest banks. The AA warned over the weekend that the chancellor is considering raising the basic rate of [...]
Bye-bye Heathrow expansion? Justine Greening predicts a third runway will be grounded by David Cameron March 13, 2016 A cabinet minister has taken a surprisingly outspoken stance on the UK's airport expansion, predicting that the Prime Minister will ditch plans for a third runway at Heathrow. International development secretary and west London MP Justine Greening made the comments despite ministers being warned against making any statements on the issue. The government has delayed making a decision on what form airport [...]
