‘Losing faith’: Just one in four bosses has confidence in government December 2, 2024 Just one in four bosses has confidence in the government to deliver economic growth, in a sign firms are “losing faith” in ministers’ strategy. A London Chamber of Commerce and Industry (LCCI) snap poll found 81 per cent of business leaders said they were not confident the government will address firms’ concerns. While 77 per [...]
Business leaders brace for a cold winter December 2, 2024 Temperatures are set to fall again as a mid-week cold snap muscles in, bringing icy winds to accompany the latest batch of chilling economic data. Several business organisations have just released their latest research, and the findings ought to chill the blood of complacent government ministers. Since the Budget, City PM has reported daily on [...]
Starmer to unveil ‘mission’ milestones and compares Whitehall to ‘oil tanker’ December 1, 2024 The Prime Minister will set out a “plan for change” with milestones set in key policy areas, or ‘missions’ to achieve the targets laid out in Labour’s manifesto, Downing Street has said. Sir Keir Starmer will this week kick off what he called the “next phase” of his government, and announce the markers for achieving [...]
Employer national insurance raid could lead to 130,000 jobs being slashed November 28, 2024 Analysis from Bloomberg Economics suggests that up to 130,000 jobs could be lost if firms responded to the tax hike primarily by cutting employment.
UK net migration hit record 906,000 peak before 20 per cent fall November 28, 2024 Net migration in and out of the UK has dropped by 20 per cent to around 728,000 in the past year, official figures have shown, after hitting a record peak of 906,000. The level reached a higher than previously thought figure of 906,000 in the year to June 2023, according to fresh data from the [...]
Consumer confidence in the economy dips following Budget November 28, 2024 The British Retail Consortium's (BRC) sentiment monitor showed that consumers' confidence in the economy fell back to -19 in November, down two points from October.
The truth about wealth inequality November 28, 2024 The distribution of wealth in the economy has attracted more and more attention among economists following a wealth boom that lasted for four decades. Between 1980 and 2019, British household wealth increased from three to seven-times national income, as cheap credit helped to fuel consistent rises in house prices. “For much of the past four [...]
Ministers are in denial over the Budget’s impact on jobs and growth November 28, 2024 Well, that didn’t last long. Barely 48 hours after the Chancellor told the CBI conference that the tax-hiking Budget was definitely a one-off, Keir Starmer declined to echo her comments and instead left the door wide open to another round of tax increases and borrowing. We ought to have some sympathy; no Prime Minister can [...]
Starmer refuses to rule out further tax rises or more borrowing November 27, 2024 Sir Keir Starmer has refused to rule out further tax rises or additional borrowing when challenged to repeat his Chancellor’s pledge not to “come back with more”. During Prime Minister’s Questions (PMQs) in the House of Commons on Wednesday, Conservative opposition leader Kemi Badenoch asked Starmer about Rachel Reeves’ words. She said: “At the Confederation [...]
Unemployment hotspots to get more NHS funding under new back to work plan November 26, 2024 Places with the highest levels of joblessness will get extra NHS support as the government bids to “get Britain working again”. Work and pensions secretary Liz Kendall will announce the plans today as part of wide-ranging reforms designed to tackle economic inactivity and deliver the government’s promise to bring more than two million people back [...]
