That argument will be settled in the run-up to a Spending Review. If anything, the medium-term pressures on public services will be higher, reflecting issues such as big NHS waiting lists. For now, the Budget has achieved its two strategic aims: borrowing more now to extend immediate crisis support, then post-dating a huge cheque, paid for mainly by big business, to cover part of the bill. Most of the other parts in these plans can move and, if necessary, dramatically so.
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Empty shop numbers rise as Covid continues to bite
admin, , Business, 0
“I believe that customers still want to shop, still want to physically shop in stores, especially for fashions, and...
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Huawei patent mentions use of Uighur-spotting tech
admin, , Business, 0
The company indicated this would involve asking the China National Intellectual Property Administration (CNIPA) – the country’s patent authority...
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HMRC will close tax helpline for half the year
admin, , Business, 0
Angela MacDonald, HMRC’s deputy chief executive, said: “Changing our services to encourage customers to self-serve online wherever possible will...
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Higher rates punish low paid, says Bank’s Swati Dhingra
admin, , Business, 0
“The kinds of price increases that we’re seeing, which is energy and food, those will typically impact those people...
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Marks & Spencer raises pay in battle for supermarket staff
admin, , Business, 0
With the National Living Wage, often referred to as the minimum wage, set to rise to £11.44 an hour...
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Mortgages refused for self-employed who took Covid grants
admin, , Business, 0
“I feel unfairly penalised. Furlough has been brilliant in that it has protected my job. But I didn’t expect...
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US economic growth slows but inflation grows
admin, , Business, 0
However, inflation is yet to fall back to the Federal Reserve’s 2% target, and on Thursday, figures from the...
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Mike Ashley thinks luxury Flannels shops ‘bonkers’
admin, , Business, 0
Mr Murray, 33, is married to Mr Ashley’s eldest daughter Anna. Before he took over as CEO last year,...
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