“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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US jobs creation surges in March as recovery gains steam
admin, , Business, 0
“The better than expected 916,000 rebound in non-farm payrolls in March still leaves employment 8.4 million below its pre-pandemic...
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‘I want to help people fly – and keep them safe’
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The current focus on training is significant, says Daniel Olufisan, training director and principal consultant at Wing Engineering, which...
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Turkey halts trade with Israel over Gaza ‘tragedy’
admin, , Business, 0
Turkish Trade Minister Omer Bolat criticised Israel’s “uncompromising attitude” towards a ceasefire, as well as the humanitarian situation in...
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Amazon asked by minister to justify temporarily withholding sellers’ funds
admin, , Business, 0
Mr Hollinrake took this issue up in his letter to John Boumphrey, the country manager for Amazon UK, as...
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121 business chiefs sign letter backing Labour
admin, , Business, 0
Dozens of business leaders have signed a letter endorsing the Labour Party’s economic plans ahead of the 4 July...
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‘I’ve gone months with no information about the future’
admin, , Business, 0
London rules ‘put 250,000 hospitality jobs at risk’
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Starmer says Tesla investment welcome after Musk row
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Tesla, run by Elon Musk, would be welcome to invest in the UK, the prime minister has said. Sir...
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AI will not be mass destroyer of jobs – Bank chief
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A Department for Science, Innovation and Technology spokesperson said: “We do not accept this – the UK is a...
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