A former colonel turned senior HS2 whistleblower has called the high speed rail project a “fraud against the British people.” Senior HS2 managers instructed staff to keep politicians in the dark over the true costs of the project, so that MPs would continue funding the private company running the project, according to decorated former army […]
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Experts say the UK economy is in a “terrible bind”, leaving no room for complacency or tax cuts. The Institute for Fiscal Studies (IFS) forecasts a ‘protracted period of high taxes and tight spending’. For 2024, the IFS predicts stubbornly high borrowing costs and a “moderate” recession in the first six months. The warnings mean […]
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Rishi Sunak has refused to commit to tax cuts or the HS2 link to Manchester despite growing calls for action from within his own cabinet. Secretary of state for levelling up Michael Gove told Sky News on Sunday he wants tax cuts before the next election. Sunak, interviewed on BBC 1, reiterated his priority is […]
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Between BMW and Tata Steel, the government subsidies surpassed the half-billion mark this week alone. The government is helping the car manufacturer transition to the production of electric Minis in Oxford while underpinning the steel plant’s transition to a greener future. Though the government support will secure some jobs, many Tata Steel workers fear for […]
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Angela Rayner has pledged a future Labour government will introduce new laws to boost workers rights within 100 days of taking power. Labour’s deputy leader promised an end to zero-hours contracts, protections against unfair dismissal, an end of fire-and-rehire practices, more flexible working and repealing the Conservative government’s “vicious” anti-trade union laws. The New Deal […]
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Shadow chancellor Rachel Reeves has ruled out any form of wealth tax to pay for public services under a future Labour government. Rather than taxing society’s richest and targeting expensive properties, raising the top rate of income tax or increasing capital gains tax to fund health, education and other services, a Labour government will pay […]
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Ofgem is to announce the new energy price cap for the October to December period on Friday. Thinktank Resolution Foundation has accused the energy regulator of sanctioning energy companies applying “unfair” prices, warning that more than seven million households will likely face higher energy bills than last winter. Resolution Foundation revealed that higher standing charges […]
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Downing Street confirmed that Rishi Sunak spoke to Saudi crown prince Mohammed Bin Salaman earlier today, with both leaders indicating a likely official state visit in autumn. According to news reports, Rishi Sunak told the Saudi crown prince of his desire to meet “at the earliest opportunity.” The two leaders expressed their desire to “continue […]
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Wages have increased by a record amount firing the fears of borrowers while giving pensioners hope of another big boost to their income. Total pay – including bonuses such as the one-off payment to NHS staff – soared 8.2% In the three months to June, far higher than the 7.3% predicted by analysts and a […]
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British Airways workers are to be awarded a 13.1% pay rise and one-off £1,000 payment to be paid over an 18 month period. Members of Unite have voted overwhelmingly to accept the offer which the union called “significant” and said was a reversal of cuts to pay made during the Covid pandemic. Pilots and managers […]
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