Jeremy Hunt: OBR ‘overly exaggerated’ Brexit impact March 19, 2025 Former Chancellor Jeremy Hunt has criticised the Office of Budget Responsibility (OBR) for making “overly exaggerated” claims about Brexit’s impact on the economy. The OBR released a series of gloomy predictions in recent years claiming that Brexit had stifled growth and wrecked trade. But Hunt has claimed that leaving the European Union has in fact [...]
More than half of Brits are ‘reliant on the state’, think tank says March 19, 2025 More than half of the UK population are reliant on the state for income, a leading think tank has said. Work and pensions secretary Liz Kendall on Tuesday announced a string of welfare reforms aimed at getting Brits back into the workforce. But the Adam Smith Institute (ASI) has suggested that the number of those [...]
Output gains show firms are ‘protecting their margins’, Lloyds growth survey says March 19, 2025 Growth in a number of sectors shows that firms “are taking steps to protect their margins”, according to a survey of 1,300 companies. Rachel Reeves’s £20bn increase to national insurance contributions (NICs), which is set to come into effect in April, has left firms unsettled. But the latest Lloyds UK Sector Tracker has indicated companies [...]
Reeves needs to make ‘long overdue’ changes to spending, CBI says March 19, 2025 Chancellor Rachel Reeves has been urged to make “long overdue” changes to government spending as the Confederation of British Industry (CBI) demanded greater investment in innovation. The Chancellor has previously said she is willing to “fight” for growth but leading economists have raised the alarm about an incoming recession. The CBI suggested that an economic [...]
SMEs delay investments as uncertainty leaves firms on edge March 18, 2025 Small and medium-sized firms (SMEs) are delaying investment decisions, a new survey has found, as Chancellor Rachel Reeves’ Spring Statement threatens to stifle businesses. Uncertainty brought by an escalating global trade war and Reeves’ proposed reforms is making business leaders think twice about their appetite for investments in the short term. The latest survey of [...]
VR headsets and sliders kick DVDs and turkey out of inflation basket March 18, 2025 VR headsets, yoga mats and sliders have been added to the inflation basket of goods as DVD rentals and minced turkey have been knocked off. The items included in the consumer price inflation (CPI) basket of goods and services, which is compiled by the Office for National Statistics (ONS), are designed to reflect Britons’ typical [...]
Insolvencies rise in February as low confidence begins to bite March 18, 2025 More than 2,000 companies filed for insolvency in February as a growing number of firms struggle to cope with soaring taxes and high inflation. Business confidence has tumbled with companies preparing for the worst before Chancellor Rachel Reeves‘ £40bn tax raid comes into effect next month. But the latest data from the Insolvency Service showed [...]
UK economy facing recession risk as Spring Statement looms March 17, 2025 Britain’s fragile jobs market indicates that a recession is looming for the UK economy, a leading think tank has warned. Chancellor Rachel Reeves defended the government’s economic record in an interview with Bloomberg TV on Monday, claiming most major economies around the world are facing lower growth than expected. But the Resolution Foundation said the UK [...]
Who owns Sheffield United? How much did Prince Abdullah pay McCabe in 2019? June 30, 2024 All you need to know about who owns Sheffield United.
Who owns Leicester? How much did Srivaddhanaprabha pay in 2010? June 30, 2024 All you need to know about who owns Leicester.
