“But poor growth and very high spending on debt interest over the next few years mean that the national debt is stuck at close to 100% of national income, even with tight spending settlements and further big tax rises in the pipeline,” he adds, warning of “a protracted period of high taxes and tight spending”.
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Ex-Harrods boss saw ‘abhorrent’ behaviour by Fayed
admin, , Business, 0
Former Harrods chief executive James McArthur witnessed “abhorrent” behaviour from Mohamed Al Fayed, but not sexual abuse, he has...
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Ban ‘confusing’ phone, TV and broadband price rises, says Ofcom
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Tristia Harrison, group chief executive of TalkTalk, said if Ofcom banned providers from linking in-contract price rises to inflation,...
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Business rent holiday extension ‘will hit pension schemes’
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Image copyright Christopher Furlong Landlords have reacted with dismay to a further rent holiday for struggling businesses, saying it...
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Biden: Infrastructure bill is ‘monumental step forward’
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Of course, promises can be broken – and there’s still the possibility centrists could derail the spending package, either...
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Liz Truss will seek to bring in National Insurance cut immediately
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“Through our £37bn support package we are also saving the typical employee over £330 a year through a tax...
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MH370: Could missing Malaysian Airlines plane finally be found?
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Mr Gleave said: “If you are choosing to hide the aeroplane in the Southern Indian Ocean, just make sure...
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Five ways the Ukraine war could push up prices
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As a leading commodities exporter, Russia is one of the world’s largest suppliers of metals used in everything from...
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CF Industries: Government to meet CO2 firm’s costs to start plant
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Now, there is a three week window for government, supermarkets and food producers to come up with a “sustainable...
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