High taxes battering economy – but Jeremy Hunt STILL resists cuts to prevent the economy ‘flatlining’

High taxes battering economy – but Jeremy Hunt STILL resists cuts to prevent the economy ‘flatlining’

Experts said ONS figures showed economy has been suffocated by interest rates They also said we have an ‘onerous tax burden’, the highest since the WW2 Hunt has continued to resist calls to cut taxes in upcoming Autumn Statement By Jessica Clark Published: 22:08 GMT, 10 November 2023 | Updated: 00:07 GMT, 11 November 2023 … Read more

Jeremy Hunt delivers stark message on hopes of tax cuts at Autumn Statement as he warns public finances are even WORSE than in the Spring – as Bank of England chief warns more interest rate hikes are still on the cards

Jeremy Hunt delivers stark message on hopes of tax cuts at Autumn Statement as he warns public finances are even WORSE than in the Spring – as Bank of England chief warns more interest rate hikes are still on the cards

Jeremy Hunt delivered a stark message about the chances of tax cuts today as he warned the public finances have deteriorated since the Spring. As he prepares for the Autumn Statement next month, the Chancellor said ‘the numbers are definitely worse’. The grim assessment of the ‘very challenging environment’ and ‘dangers’ will infuriate Tories who have … Read more

David Cameron will be grilled by MPs next week over the Greensill lobbying row

David Cameron will be grilled by MPs next week over the Greensill lobbying row Finance boss Lex Greensill to appear before the Treasury committee on Tuesday Paid advisor David Cameron urged Rishi Sunak to lend millions to Greensill firm Company subsequently filed for insolvency, threatening thousands of UK jobs  By Daily Mail Reporter Published: 22:00 … Read more

Covid UK: Business confidence surges amid vaccination drive success

British businesses are increasingly confident of bouncing back this year, with levels of optimism higher than their global counterparts, according to a new survey.  UK firms are more likely to expect a rebound in activity in the coming months than their competitors around the world and expectations of a spike in growth are now stronger … Read more

BofE governor Andrew Bailey says working from home is here to STAY

Work from home is here to STAY, Britons’ lockdown savings can drive booming economic recovery – and inflation fears are overblown, says BofE chief Andrew Bailey Andrew Bailey has said he is ‘more positive’ about the prospects for UK economy Suggested savings warchest can fuel the recovery from the crippling pandemic Bank of England government … Read more

Bank of England says long-term Covid hit should be LESS than previous recessions

The long-term hit from coronavirus should be smaller than previous recessions despite the massive downturn, the Bank of England governor said today. Andrew Bailey said although the UK has suffered the worst slump in 300 years due to the pandemic the lasting impact is likely to be less than the 1980s. And he suggested unemployment … Read more

Bank of England chief warns the EU against ‘serious escalation’ of post-Brexit row over City firms

Bank of England chief Andrew Bailey warns the EU against ‘serious escalation’ of post-Brexit row over City firms, warning that its attempts to force them to relocate in the eurozone would be of ‘dubious legality’ Andrew Bailey faced MPs on the Treasury Committee this afternoon Europe’s top banks asked to justify why they should be … Read more

Bank of England boss launches broadside at EU over finance industry rules

Bank of England governor launches broadside at EU as he warns the bloc is trying to cut the City of London out of its banking market Andrew Bailey warned the Eu that the UK will not become a ‘rule-taker’ nation Bank of England governor was speaking during annual speech to City of London UK granted … Read more

Recruitment expert shares his top tips for landing a job amid the pandemic

It’s undoubtedly a bleak time in the jobs market, with the economy shrinking in the final quarter of 2020 and the first of 2021, sparked by the initial March lockdown.  Last week Governor of the Bank of England Andrew Bailey warned Britain’s unemployment rate, believed to be at 4.9 per cent with around 2.2million people already … Read more