Chancellor Jeremy Hunt has admitted industrial strikes have hit the UK economy which recorded zero growth in February. Hunt has ruled out awarding higher pay deals for public sector workers to end the strikes, insisting such a move would be inflationary and have a damaging impact on the economy. Office for National Statistics (ONS) figures […]
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The UK will have the weakest economic growth of all developed countries – except sanction hit Russia – next year, according to a new report by the OECD. Despite Boris Johnson claims about the UK economy, the organisation for Economic Co-operation and Development (OECD) predicts a dire 2023 for Britain with no gross domestic product […]
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Chancellor Rishi Sunak said the UK economy is entering a “new age of optimism” as he delivered a budget that Labour said only benefitted “bankers on short haul flights sipping champagne”. Sunak said the government’s tax and spending plans – details below – are focused on the “post-Covid” era and will pave the way for […]
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Chancellor Rishi Sunak unveiled his fourth winter economic plan in six weeks by announcing the extension of the furlough scheme until March. It means the government will pay 80% of workers’ wages with companies paying national insurance and pension contributions. Support for self-employed had also been extended and the amount increased from previous Treasury statements. […]
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