Between BMW and Tata Steel, the government subsidies surpassed the half-billion mark this week alone. The government is helping the car manufacturer transition to the production of electric Minis in Oxford while underpinning the steel plant's transition to a greener future. Though the government support will secure some jobs, many Tata Steel workers fear for their future as the...
Rayner promises Labour will boost workers’ rights
Angela Rayner has pledged a future Labour government will introduce new laws to boost workers rights within 100 days of taking power.
Labour’s deputy leader promised an end to zero-hours contracts, protections against unfair dismissal, an end of fire-and-rehire practices,...
Economy
Rachel Reeves rules out wealth tax under Labour – despite previous pledges
Shadow chancellor Rachel Reeves has ruled out any form of wealth tax to pay for public services under a future Labour government. Rather than taxing society’s richest and targeting expensive...
Economy
Energy price cap to be announced by Ofgem this Friday
Ofgem is to announce the new energy price cap for the October to December period on Friday. Thinktank Resolution Foundation has accused the energy regulator of sanctioning energy companies...
Economy
Saudi crown prince Mohammed to visit UK in autumn
Downing Street confirmed that Rishi Sunak spoke to Saudi crown prince Mohammed Bin Salaman earlier today, with both leaders indicating a likely official state visit in autumn. According to...
Record rise in wages sparks borrowers’ fears and state pension boost
Wages have increased by a record amount firing the fears of borrowers while giving pensioners hope of another big boost to their income.
Total pay – including bonuses such as the one-off payment to NHS...
British Airways staff win 13.1% pay rise and £1,000 bonus
British Airways workers are to be awarded a 13.1% pay rise and one-off £1,000 payment to be paid over an 18 month period.
Members of Unite have voted overwhelmingly to accept the offer which the...
Interest rate hike spells further pain for cash-strapped families
For the fourteenth time in a row, the Bank of England has increased its base interest rate by a quarter percentage point to 5.25%. The raise will add pressure on mortgage holders and businesses...
‘Successful delivery’ of HS2 ‘appears to be unachievable’ says IPA
A leaked government report has put the multi-billion HS2 project into fresh doubt.
The official watchdog for the high-speed railway – the Infrastructure and Projects Authority (IPA) – has warned the “successful delivery” of the...
British Gas £1bn profits are a ‘gift’ from Ofgem
Poverty campaigners have criticised British Gas and said the UK’s energy system is broken after the company posted profits of almost £1 billion for the first six months of the year.
British Gas – which...