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Thinktank says government and Bank of England need to take more joined-up approach to solving economic problemsThe Treasury should use price controls and cuts in VAT during the cost of living crisis to prevent the Bank of England from driving the econo…
Shadow chancellor also backs planning changes and industrial strategy, but no ‘unfunded tax cuts’Rachel Reeves is proposing to shake up Britain’s pension system as part of a three-pronged plan aimed at boosting the economy’s sluggish growth rate if Lab…
Party loyalty would force Conservatives to vote against plan for fiscal responsibilityRead more: ‘I challenge Rishi Sunak: vote with Labour to stop a Truss-style disaster happening again,’ writes Rachel ReevesLabour will force a Commons vote this week …
Bank of England is unlikely to cut interest rates any time soon and Treasury unlikely to cut taxes due to fear of higher inflationUK economy flatlines in third quarter amid high interest ratesBusiness live – latest updatesLike a sailing ship trapped in…
Thinktank says stronger than expected tax revenues have given chancellor scope for bold package in autumn statement Jeremy Hunt risks condemning Britain to a decade in the doldrums unless he uses this month’s autumn statement to announce a £30bn-a-year…
The issue of ‘consumer expectations’ of inflation is hotly debated by economists, and might be a key factor in the Reserve Bank’s decisionGet our morning and afternoon news emails, free app or daily news podcastIf the Reserve Bank lifts interest rates …
Labour leader says he thinks most practical way to get aid into Gaza is to have a humanitarian pauseKeir Starmer is delivering his speech to the North East Chamber of Commerce now.He starts by saying they are near the A1, where there is a stretch of r…
Interest rates left unchanged at 5.25% as Bank signals 50-50 chance of recession by mid-2024Bank warns of recession risk in election run-upBusiness live – latest updatesUK politics live – latest updatesThe Bank of England has warned the economy will be…
Four businesses linked to Akshata Murty revealed to have received investment from much-criticised Future FundUK politics live – latest updatesRishi Sunak’s controversial fund to support startups during the Covid pandemic invested nearly £2m in companie…
Labour-led government needs to find £600m to balance books, blaming inflation, austerity, pay and ‘mismanagement’ by UK governmentUK politics live – latest news updatesThe Welsh government has announced wide-ranging cuts across almost all departments t…