Tag: News

Feb 21

Government’s January surplus disappoints at £15.4bn, piling pressure on Chancellor

The government posted a smaller-than-expected surplus of £15.4 billion in January, short of economists’ forecasts of £21 billion and the £19 billion projected by the Office for Budget Responsibility (OBR). January’s data is traditionally buoyed by self-assessment tax payments; however, the shortfall means total borrowing so far this financial year has climbed to £118.2 billion […]
Feb 20

Unions seek £200m from ministers to safeguard Scunthorpe steelworks as blast furnaces face closure

Unions are calling on the UK government to inject £200 million into British Steel, in a last-ditch attempt to keep its two blast furnaces in Scunthorpe running until electric arc replacements can be brought online. The trade union Community warns that without additional support, the rapid shutdown of Scunthorpe’s coal-fuelled blast furnaces could spark nearly […]
Feb 20

Fears grow over Workers’ Rights Bill as small firms warn of job cuts

Small businesses across the UK are urging the government to scale back its proposed Employment Rights Bill, warning that sweeping changes could hamper hiring and trigger widespread job losses. The Federation of Small Businesses (FSB), which represents thousands of employers nationwide, claims the plans — including expanded grounds for unfair dismissal and automatic sick pay […]
Feb 20

City bankers press Reeves to ease non-dom clampdown as wealthy workers exit UK

Senior City of London bankers have urged Chancellor Rachel Reeves to soften plans for abolishing non-domiciled tax status, claiming the policy is prompting high-earning foreign workers to relocate. At a breakfast meeting in No 11, representatives from major financial services firms, including BlackRock, Schroders, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley, raised concerns over […]