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News
Cost of business worries me as much as cost of living, says Healey
1+ hour, 37+ min ago (441+ words) It is a deliberate reframing. For two years, ministers have built their message around household budgets. Healey wants entrepreneurs to know the squeeze on their firms counts too. “To British businesses, to British innovators, to British investors: I will back…...
Post-2008 bank rules, not recession, throttled UK growth says former White House advisor
1+ hour, 12+ min ago (527+ words) Tyler Goodspeed, who chaired the White House’s council of economic advisers from 2020 to 2021 and is now chief economist at Exxon Mobil, argues that post-crisis regulation forcing banks to hold more capital, rather than the depth of the recession, is the…...
Lineker leads millionaires urging Burnham: ‘tax our wealth’
21+ hour, 14+ min ago (396+ words) On Thursday, a group of over 100 UK-based millionaires, including Lineker, screenwriter Richard Curtis, novelist Val McDermid and ex-City trader Gary Stevenson, signed a letter urging Mr Burnham to tax their wealth. It was organised by campaign group Patriotic Millionaires UK....
MPs: scrap employer NI for under-25s or lose a generation
1+ day, 21+ hour ago (696+ words) The Work and Pensions Committee said higher employer National Insurance rates are putting businesses off hiring, with the damage concentrated in the sectors that have always been the first rung of the career ladder: retail and hospitality. More than one…...
UK borrowing June 2026 falls to £16bn in boost for Healey
2+ day, 23+ hour ago (464+ words) Figures from the Office for National Statistics show borrowing was down sharply from £23.3 billion in May and £4.7 billion lower than the £20.7 billion recorded in June last year. Crucially for a Treasury under new management, the outturn was £300 million below the…...
Borrowing costs rise as Burnham vows biggest shake-up in 40 years
3+ day, 16+ hour ago (554+ words) The yield on 10-year gilts rose 0.05 points to 4.97 per cent after the new prime minister used his first speech outside 10 Downing Street to promise a “new economic model”, a move equivalent to a 1 per cent increase in the cost of…...
Business tax rises expected under new Labour leadership
4+ day, 9+ hour ago (574+ words) The findings come from the latest Mid-Market Tracker published by accountancy and business advisory firm BDO, a bi-monthly survey of 500 UK mid-sized businesses with revenues of between £10m and £500m. Some 54 per cent of respondents said they expect business taxes to go…...
One in three small firms expect to shrink, sell up or close
6+ day, 16+ hour ago (561+ words) The findings, from the Federation of Small Businesses’ quarterly Small Business Index, lay bare the scale of the challenge facing Andy Burnham as he prepares to enter Downing Street on Monday. The lobby group warned the incoming prime minister faces…...
Rule out a wealth tax or own the exodus, Burnham warned
6+ day, 22+ hour ago (414+ words) For business owners, the concern is less the tax itself than the uncertainty. “A wealth tax that has not been proposed is already doing damage,” Green said. “Money does not sit around waiting for legislation. It moves the moment a…...
US jobs growth stalls in June as World Cup boost fails to materialise
2+ week, 3+ day ago (536+ words) The figure, published by the Bureau of Labor Statistics, is the weakest since payrolls contracted by 155,000 in February. Yet the report was not uniformly gloomy: the unemployment rate fell to 4.2 per cent from 4.3 per cent, defying forecasts of no change....