Bloomberg reports that the OBR forecast given to Reeves last week has the Chancellor facing a deficit thanks to upwards gilt market turmoil and downgraded growth since the budget. Spending cuts on the way on 26 March…
That will be news to no one who has been following economic indicators since October. City of London policy chairman Chris Hayward is giving a speech today warning of “worrying signs” in a City “allergic to risk” thanks to the fact “we have declined on criteria such as tax, regulation and skills.” That comes with a push to give “vital retail investors” incentives to use stocks and shares ISAs…
City figures have been lobbying Reeves for some time to remove tax advantages for cash ISA savers in a bid to rejig equity investment. The public might have a different view on whether a tax hike is the answer to economic malaise…
Sarah Pochin at Reform Scotland’s manifesto launch event: “I really wanted to come on in a Reform tartan burka, but apparently I wasn’t allowed… One day let’s do one of these events not live-streamed. We’ll do all the naughty stuff…”