“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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Covid: Tui cancels flights out of Luton Airport
admin, , Business, 0
Virgin Atlantic, which operates out of London Heathrow, said: “Where a customer is unable to travel for any reason,...
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Homebase to put mini-garden centres at Next stores
admin, , Business, 0
So the chain is making space at its stores in Shoreham, Ipswich, Warrington, Camberley, Bristol and Sheffield, for garden...
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Bank boss says UK interest rate cut ‘on the way’
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He said it was “reasonable” that financial markets were pricing in two or three rate cuts this year, but...
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Boeing 737 Max: Indonesia lifts ban after 2018 Lion Air crash
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“We have taken enough time to monitor the design modification work and the more than 20 months of rigorous...
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Government mulls giving workers twice as long to strike
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The government is considering giving workers twice as long to strike. Under existing legislation, if workers vote to take...
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Rail ticket office closure plan gets 100,000 replies
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Staff would be “on the concourse, enabling a conversation with customers, enabling them to assist customers, have a dialogue,...
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‘Crypto King’ Sam Bankman-Fried guilty of FTX fraud
admin, , Business, 0
“Sadly I don’t think we’re going to see regulation in the very short term. But it certainly means that...
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Biden signs ‘once-in-a-generation’ $1tn infrastructure bill into law
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The other bill, known as the Build Back Better Act, still faces an uncertain future in Congress. Progressive Democrats...
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