According to official data, government borrowing was higher than expected in July, with the increase being driven by the rising cost of public services and benefits. The Office for National Statistics (ONS) reported that borrowing, which reflects the gap between government spending and tax revenue, reached £3.1 billion last month, marking the highest July borrowing […]
Continue Reading
The government has announced that it plans to dismantle the stricter strike action thresholds implemented by the Conservatives in 2017. According to reports by the Telegraph, Labour is committed to enacting this repeal within its first 100 days in office as part of its broader reform of trade union legislation. Ministers have assured that the […]
Continue Reading
According to the latest HMRC accounts, £4.1 billion has been lost due to errors and fraud in tax schemes intended to stimulate business research and development, which were introduced in 2020. This revelation has sparked a dispute between the current and former governments over a gap in the country’s finances. The Corporation Tax Research and […]
Continue Reading
The government has made a deal with the British Medical Association (BMA) for an enhanced pay agreement for junior doctors in England, averaging a 22% increase over two years. The BMA’s junior doctors committee has decided to present this offer to its members for approval. Since March 2023, junior doctors in England have engaged in […]
Continue Reading
In a recent interview, the Home Secretary Yvette Cooper said that businesses will be targeted over the summer as part of the government’s new push to reduce illegal immigration. In the interview, she said that officials are targeting businesses including those in the beauty sector, car washes, and others over the summer as part of […]
Continue Reading
The number of private renters with children living in damp homes has nearly doubled since the pandemic began. According to the English Housing Survey, the number has risen from one in fourteen households before the pandemic to one in seven by 2022-23. The survey also revealed that 3.5 million households in England reside in homes […]
Continue Reading
The concept of levelling up, which aimed to address regional disparities, was central to Boris Johnson’s 2019 election campaign. Upon taking office, Johnson renamed the Department of Housing, Communities and Local Government to include “levelling up.” However, the new government is making changes to departmental names and titles by replacing the term “levelling up” with […]
Continue Reading
Since the last general election, the average cost of renting privately in England has surged by almost a quarter. In December 2019, the average monthly rent was £1,064, according to the Office for National Statistics. By May 2024, this figure had increased by 22% to £1,301 for both new and existing tenancies. During the same […]
Continue Reading
A think tank has criticised the UK’s major political parties for avoiding tough decisions about public finances in their manifestos, predicting a likely increase in taxes over the next five years. The Institute for Fiscal Studies (IFS) accused both Labour and the Conservatives of ignoring the “painful choices” necessary to address the country’s financial issues. […]
Continue Reading
Sir Keir Starmer has announced that, if Labour wins the upcoming election, they will introduce new laws to eliminate rental “bidding wars.” Speaking during a special edition of BBC’s Question Time, the Labour leader said the party plans to prevent landlords from “exploiting tenants” by encouraging them to offer higher rents to secure a property. […]
Continue Reading