The Demos think tank has called on the Labour government to boost public investment by £27 billion to attract private sector capital and revitalise economic growth. The UK currently lags behind other G7 nations in terms of private investment, with British businesses investing significantly less than their French and German counterparts. According to Demos, UK […]
Labour is set to relax planning regulations, facilitating the construction of solar farms and onshore wind turbines to power hundreds of thousands of homes Ed Miliband, the Energy Security and Net-Zero Secretary, and Angela Rayner, the Deputy Prime Minister, aim to streamline the planning process and reduce associated costs. The new regulations will double the […]
Jeremy Hunt, the recently unseated chancellor, has dismissed accusations from Rachel Reeves regarding a supposed £22 billion fiscal gap as unfounded. Despite stepping down from his position at No 11 Downing Street just a month ago, Hunt appears relieved and in good spirits as he addresses these claims. In an interview with the Times, whilst […]
Angela Rayner, the housing secretary, has announced a significant overhaul of England’s planning rules, aiming to fulfil Labour’s commitment to build 1.5 million new homes by 2029. In a move to address the housing crisis, Rayner reintroduced mandatory local housing targets, which had been diluted by the Conservatives in 2022. She also proposed reclassifying low-quality […]
The Labour government is set to significantly increase funding for clean energy projects, announcing a record £1.5 billion for its summer subsidy auction—a 50% increase over previous figures. This boost aims to revitalise the UK’s clean energy sector after the previous administration failed to secure any new offshore wind contracts in 2023 and did not […]
More than half a million taxpayers, set to receive HMRC’s simple tax assessments for the first time, are being warned not to ignore them to avoid penalties and missed tax deductions, according to leading audit, tax, and business advisory firm Blick Rothenberg. Robert Salter, a Director at the firm, stated: “HMRC has recently announced that […]
Airbus, the global leader in aircraft manufacturing, has conceded that the company is lagging behind on its orders due to supply chain “bottlenecks.” Guillaume Faury, Airbus’s chief executive officer, highlighted the challenges at the Farnborough International Airshow, the premier event for aviation professionals. “We have more demand than the ability to supply,” Faury admitted, citing […]
Labour must allow civil servants the flexibility to work from home by eliminating “arbitrary targets” requiring office attendance for a set number of days each week, union chiefs have asserted. Union leaders are urging Sir Keir Starmer to overturn the previous government’s policy of mandating civil servants to be in the office for the majority […]
Women in their 50s are on the verge of a pension crisis due to substantial caring responsibilities and inadequate retirement savings, according to Catherine Foot, director of Phoenix Insights, a think tank associated with the UK’s largest retirement savings firm. Research from Phoenix Insights indicates that individuals in their 40s and 50s are not saving […]
British tech entrepreneur Mike Lynch is preparing to launch a campaign to support Britons who have been wrongfully convicted in the US, following his acquittal of multi-billion dollar fraud charges. Lynch is considering funding a British equivalent of America’s Innocence Project, an organisation dedicated to overturning wrongful convictions in a country where only 0.4% of […]