As of September 2024, the UK’s national debt stands at £2,685.6 billion, which is approximately 100% of the country’s GDP. This is the highest level of public sector debt since 1961. UK debt and its borrowing As of 2024, the United Kingdom’s national debt has reached a staggering £2,685.6 billion,Read More →
The UK Labour government aimed to attract foreign investment on Monday 14th October by hosting its first International Investment Summit in London Prime Minister Keir Starmer, Chancellor Rachel Reeves, and Business Minister Jonathan Reynolds headed the one-day event at London’s Guildhall, with an attendance of approximately 200 executives from bothRead More →
Tax Reforms Increase in VAT: Adjusting the Value Added Tax (VAT) rate could generate substantial revenue. Pension Tax Relief: Limiting pension tax relief to the basic rate of income tax could raise around £15 billion per year. Pension tax relief raid. Windfall Tax: Increasing the windfall tax on the profitsRead More →
UK data centres are set to be classified as critical national infrastructure (CNI), aligning them with sectors such as emergency services, finance, healthcare, and utilities This classification will ensure they receive additional government support during major incidents like cyber-attacks, IT outages, or severe weather, to reduce disruption. Data centres, largeRead More →
The U.K. logged a record £16.7 billion net budget surplus in January 2024, according to official figures released on Wednesday 21st February 2024 The Office for National Statistics noted that the country’s public finances usually run a surplus in January, unlike during other months, as receipts from annual self-assessment taxRead More →
The UK government said it intends to bring a number of crypto asset activities under the same regulations that govern banks and other financial services firms. The U.K. government has recently announced its plans to regulate the crypto industry with formal legislation by 2024. The government aims to protect consumers and growRead More →
Utterly shocking eye watering covid fraud related losses incurred through government incompetence. The UK covid fraud amount is not a single figure, but rather a sum of various losses due to fraud and error across different government schemes and programmes. List of government failures and waste £21bn of public moneyRead More →
The latest U.S. jobs report for September 2023 was released on Friday, October 6, 2023. The U.S. economy added 336,000 jobs last month, much more than expected, despite the Federal Reserve’s struggle to cool the world’s largest economy. The unemployment rate was 3.8%, in line with August 2023. The data lifted hopes thatRead More →
Please just carry on and go about your day-to-day business as usual…Read More →
‘Have you noticed everytime the government needs to persuade the public that their ‘message’ is so super important – they roll out the magic message lectern”. Other important messages And this… And this one… The latest government slogan… ‘LONG-TERM DECISIONS FOR A BRIGHTER FUTURE’ Let’s roll out the advertisements toRead More →
Dream or reality – did this really happen? The party-gate scandal lead to SERVING members of the UK government being fined, including the then prime minster (since sacked by the party) – and the then chancellor of the exchequer (now our serving prime minister). You really can’t make this stuffRead More →
