Economy

Unions representing nurses, ambulance staff and other NHS workers have reached a pay deal with the government that could see the end of their industrial action. After months of strikes and weeks of negotiations, the three biggest unions – Royal College of Nursing (RCN), GMB and Unison – are recommending their members accept the deal agreed between the government and...

‘Contemptuous’ Treasury mocks Hancock’s leaked WhatsApps to promote Budget

A video released by the Treasury on Twitter to promote the Budget by mocking Matt Hancock’s leaked WhatsApp messages has been labelled “contemptuous”, “shameful” and “cringe”. Jeremy Hunt’s first full Budget as chancellor – following November’s mini budget to repair...

Silicon Valley Bank Collapse and its UK Impact

Although HSBC stepped in to rescue the UK branch, the fallout from the Silicon Valley Bank collapse will likely ripple on. In an open letter to banking regulators and...

Labour exposes ‘scandalous waste’ of taxpayers’ money by Tory government

Labour has condemned the “lavish spending” culture at the heart of government exposed by its investigation into government procurement cards (GPCs) – credit cards for ministers and officials backed...

Hunt will let energy bills soar by 40% hitting millions of households

Millions of households across the UK will see their energy bills soar by around 40% from April after chancellor Jeremy Hunt ruled out extending the government’s rebate scheme which...

FSTE 100 sets record high; 20 Tory rebel MPs threaten Sunak’s majority

London’s FTSE 100 stock index set a record closing high on Friday (Feb 3) finishing up more than 1% at 7,901.8 points - beating the previous record set in May, 2018 when the FTSE...

Pay up or strikes will continue, government told

Hundreds of thousands of public sector workers have vowed to continue their strikes until the government improves its pay settlements. Half-a-million workers took part in “Walkout Wednesday” with teachers, civil servants, university lecturers, bus drivers,...
social energy tariff

Social energy tariff: charities urge Hunt to protect the vulnerable

Almost 100 charities have sent a letter to Jeremy Hunt urging him to introduce a social energy tariff to protect low-income households. In an open letter to the Chancellor, they warn that the end...

Sack Zahawi over tax penalty, Sunak told as PM gets fined, again

Former chancellor Nadhim Zahawi must be sacked from the cabinet say Labour after further revelations about his tax affairs. Conservative MPs have joined calls for Zahawi to step down after it was revealed he paid...

GDP rises 0.1% in November thanks to World Cup and services sector

The World Cup gave the UK economy an unexpected boost that increased GDP by 0.1% between October and November. Economists polled by Reuters had forecast a 0.2% contraction for the period but the rise “is...