Former Chancellor Jeremy Hunt has criticised the Office for Budget Responsibility (OBR) for allegedly compromising its political impartiality, as it prepares to release a review potentially critical of the Conservative government on budget day. The review is expected to address claims by Chancellor Rachel Reeves of a £22 billion fiscal gap left by the previous […]
The bus fare cap in England is set to rise to £3, following an announcement by Prime Minister Sir Keir Starmer. The new limit, which will be introduced in the upcoming Budget, marks an increase from the current £2 cap that was implemented by the previous Conservative government as a cost-of-living measure. The £2 cap […]
An independent review into whether Lloyds Banking Group concealed a £1 billion fraud linked to HBOS may never be fully disclosed, prompting accusations that the bank “cannot face the truth.” The review, led by Dame Linda Dobbs, examines Lloyds’ response to a fraud scandal at the Reading branch of HBOS. The incident, which emerged after […]
Lord Bamford and his family have pocketed a £300m windfall from their JCB business empire, following a robust year for the construction equipment manufacturer that saw profits surge by 44% to £805m in 2023, according to the latest accounts. This substantial dividend payment was approved by Bamford in late May, shortly after the recent general […]
Article content OTTAWA — The federal government‘s deficit was $9.8 billion for the April-to-August period. The Finance Department’s latest fiscal monitor says the result compared with a deficit of $4.3 billion during the same period a year earlier. Revenue for the period rose by $16.7 billion or 9.3 per cent compared with a year earlier […]
Consumer confidence in the UK declined in October, with pessimism about the upcoming Budget outweighing optimism from falling inflation, according to GfK’s latest consumer confidence index. The index slipped by one point to -21, marking its lowest reading since March and underscoring the challenges the Labour government faces in bolstering economic optimism since coming to […]
Chancellor Rachel Reeves has announced a significant shift in the UK’s fiscal policy framework, confirming plans to introduce a new “investment” debt rule in next week’s Budget. This change is expected to free up over £50 billion in borrowing capacity, earmarked for long-term capital investment projects, while maintaining fiscal discipline to reassure financial markets. Under […]
Prime Minister Sir Keir Starmer has sparked controversy by suggesting that landlords and shareholders do not fall under his definition of “working people” as Labour prepares for one of the biggest tax increases in recent history. With Chancellor Rachel Reeves set to unveil her maiden Budget next week, the government is expected to target capital […]
Breadcrumb Trail Links News Economy The province exceeded exports by more than $8 billion in 2022 Published Oct 24, 2024 • 4 minute read Liberal Leader Susan Holt is pictured in uptown Saint John on Sept. 20. Photo by Brice McVicar/Brunswick News Article content New Brunswick premier-designate Susan Holt’s pledge to improve the province’s decaying […]
Retail tycoon Mike Ashley’s Frasers Group has called for his appointment as the new CEO of Boohoo, where Frasers holds a 27% stake, following concerns about a “leadership crisis” at the fast-fashion retailer. In an open letter, Frasers urged Boohoo to replace current CEO John Lyttle, who recently announced his intention to step down, with […]