Spring Budget 2023 – as it happened: Childcare costs, Brexit pub guarantee and plan for ’12 Canary Wharfs’ March 15, 2023 As Jeremy Hunt unveils his first full Spring Budget, we bring you all the latest news, opinion, analysis and reaction. Budget day – Live feed Support for parents with young children: Jeremy Hunt announced a series of reforms, starting “with the supply of childcare.” “We have seen a significant decline in childminders over recent years [...]
Everything we know about the Spring Budget 2023 so far March 15, 2023 Tomorrow, Chancellor Jeremy Hunt will stand on the steps of No11 Downing Street – holding the famous Budget 2023 red box. He’ll be the first Chancellor in the political turmoil of recent months to even hold on to the job long enough to reach this crucial point. The spring statement will lay out the government’s [...]
‘Budget for growth’: Chancellor Jeremy Hunt rolls pitch for Spring statement March 14, 2023 Chancellor Jeremy Hunt has said his spring statement will be a “budget for growth” as he prepares to set out key measures to support firms and families with the cost of living crisis. Hunt will make his annual budget statement in the House of Commons on Wednesday. He is expected to focus on efforts to [...]
Seize Russian cash in UK to fund rebuilding of Ukraine, MPs demand March 14, 2023 MPs are urging the government to seize Russian cash in the UK to help rebuild Ukraine after Putin’s invasion. Frozen Russian assets should be seized and repurposed for reconstruction efforts, a debate in the House of Commons will argue this evening. Foreign affairs select committee chairman, Alicia Kearns, said: “Russia must be held accountable for [...]
Business charm offensive: Reeves discusses investment plans at meeting with Lloyds, Aviva, L&G and British Land March 14, 2023 Labour’s business charm offensive is continuing as shadow chancellor Rachel Reeves is set to discuss plans to boost investment. Keir Starmer’s Labour has positioned itself as the ‘party of business’ as it aims to exploit the Conservatives’ reputational hit following the economic chaos of Liz Truss’s calamitous mini-budget. Reeves will discuss plans to boost business [...]
British designed BAE nuclear subs will power up Australian navy as part of AUKUS defence deal March 14, 2023 Australia will operate a new generation of nuclear-powered submarines based on British designs as both countries modernise their armed forces as part of the AUKUS defence deal. The new boats will be in operation in the late 2030s as part of the AUKUS deal – involving Australia, the UK and US. It will follow a [...]
Budget: Hunt considering pension changes to encourage over 50s back to work March 14, 2023 The Chancellor is understood to be looking at increasing the pension lifetime allowance (LTA) in a move that is being interpreted as attempting to reverse the trend of early retirements. The PA news agency understands Jeremy Hunt is considering allowing workers to put more money into their pension pot before being taxed as part of [...]
Why does the Bank of England (secretly) want to sack you? To hose down the inflation fire March 14, 2023 Whisper it very, very softly, but the Bank of England (secretly) is trying to force you out of the job. That’s right. Governor Andrew Bailey wants to toss you to the wolves in the name of the fight against inflation. That’s overegging it. No one is directly trying to make someone else unemployed. A kernel [...]
Budget: Why a high-tax country is still dealing with fraying public services March 14, 2023 Britain is on course to shoulder a tax burden that has “never been sustained before in its history” but is still grappling with fraying public services, a top economist has told City PM ahead of Chancellor Jeremy Hunt’s budget tomorrow. Carl Emmerson, deputy director of the Institute for Fiscal Studies (IFS), said the UK has [...]
UK to respond with “swift and robust action” to any Chinese aggression March 13, 2023 Russia’s invasion of Ukraine and Chinese posturing over Taiwan risk creating a world “defined by danger, disorder and division”, Prime Minister Rishi Sunak has warned today. Britain is committed to “swift and robust action” to counter any threat to UK national interests from China, according to an updated blueprint for the UK’s foreign and defence [...]
