Along with its interest rate decision the Bank of England has downgraded its growth projections for the UK. Unemployment resulting from tax hikes and the minimum wage hike are to blame…
Growth forecasts are down this year to 0.9% from 1.2% in November and 1.5% in 2027 compared to 1.6% in November. Downgrades all round…
The Bank said employment growth is “zero… due to cost pressures from higher employer national insurance contributions and the national living wage.” What more damage will Reeves and Torsten Bell be able to inflict if they make it to the next Budget?
Burnham confirms he spoke to Trump last night about drilling in the North Sea:
“I indicated in the phone call that we had a week last Monday that I would take a pragmatic approach when it comes to the North Sea, and that is my intention as we go forward from here. There is a resource there. When people are struggling, we can’t ignore that. Hence, me indicating that to the president…”