SS Sunak – rats deserting a Sinking Ship! UK Election: I don’t know if it’s just me but… where are all the Conservative Party cabinet BIG hitters? Sunak has very little support, if any from his cabinet! Where is Jeremy Hunt, the Chancellor of the Exchequer for example? He’s notRead More →
Spinning the benefits of a tax cut scenario as Chancellor Jeremy Hunt hints at further tax cuts The Chancellor, Jeremy Hunt, has given strong hints that he wants to cut taxes in the spring Budget. Mr Hunt reportedly said that countries with lower taxes have more ‘dynamic, faster growing economies.‘Read More →
Some of the main takeaways from the chancellor’s autumn statement November 2023 National Insurance rate cut from 12% to 10% from 6 January, affecting 27 million people. The 75% business rates discount for retail, hospitality and leisure firms in England extended for another year. Class 2 National Insurance – paidRead More →
The U.K. economy flatlined in the third quarter, initial figures showed Friday 10th November 2023. Gross domestic product (GDP) showed zero quarterly growth in the three months to the end of September 2023, following an increase of 0.2% in the previous quarter. In annual terms, the UK’s Q3 GDP wasRead More →
The UK rate of inflation is stuck at 6.7% for September 2023, the same rate as August 2023, according to the Office for National Statistics (ONS). It means prices are still rising at the same rate as the previous month. Petrol and diesel costs kept inflation up, the Office forRead More →
UK to unleash £50 billion in pension funding for tech startups The U.K. government has unveiled a series of reforms that will allow pension funds to invest more in private and high-growth companies, especially in the tech sector. The move is expected to boost economic growth, support innovation and increaseRead More →
According to the chancellor Jeremy Hunt, the UK economy is caught in a trap The UK and other advanced economies are facing a low-growth trap that is hard to escape. This means that the potential growth of the economy, which depends on factors such as productivity, innovation, investment, and labour force, isRead More →