Category: Economic growth (GDP)

Healey’s first budget to include big devolution package to boost growth

Chancellor will build on Burnham’s promise that local leaders in England will no longer have to ‘come cap in hand to Westminster’Andy Burnham has promised that local leaders in England will no longer have to come “cap in hand to...

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Surprise drop in UK unemployment to 4.7%

ONS data shows rate down from 4.9% but number of job vacancies continues to shrinkBusiness live – news updatesUnemployment in the UK fell unexpectedly in the three months to August, to 4.7% from 4.9%.The Office for National...

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Repairing Brexit economic damage should be Burnham’s top priority, business chief says

Shevaun Haviland argues PM is right to revisit Labour’s EU red lines as current trading relationship is bad for businessRepairing the economic damage of Brexit should be the top priority for Andy Burnham as he reconsiders...

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UK economy unexpectedly grows in August despite fall in consumer spending

Latest data showing surprise 0.1% growth is boost to John Healey a fortnight before his first budgetBusiness news – live updatesThe UK economy unexpectedly continued to grow in August despite a fall in consumer spending before...

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IFS: budget will be ‘work of fiction’ without clear plan to cover UK’s £35bn spending pressures

Thinktank’s influential pre-budget report urges key decisions to be made now and not put off until next yearJohn Healey has been warned by Britain’s leading tax and spending experts that his budget risks being a “work of...

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IFS: budget will be ‘work of fiction’ without clear plan to cover UK spending pressures

Thinktank’s influential pre-budget report urges key decisions to be made now and not put off until next yearJohn Healey has been warned by Britain’s leading tax and spending experts that his budget risks being a “work of...

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Labour could oversee worst parliament on record for living standards, study warns

Energy and housing costs threaten biggest decline in modern times unless bold action taken, says thinktankSoaring energy and housing costs mean Labour is on course to preside over the worst parliament for living standards in...

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Healey vows to stick to fiscal rules in budget built on hope

Chancellor tells Labour conference it’s ‘not progressive’ to fail to balance books amid rising welfare bill as borrowing costs climb to record highBusiness live – latest updatesPrice of diesel on UK forecourts reaches all-time...

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Andy Burnham to host entrepreneurs and local mayors at No 10 on Monday

Prime minister vows to ‘reindustrialise Britain’ through new partnership with business The prime minister is to host business leaders, entrepreneurs and local mayors at Downing Street on Monday to pitch his government as a...

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George Osborne calls for UK to rejoin EU customs union and boost trade

Ex-Tory chancellor says economy has ‘fallen off a cliff’ since Brexit but rejoining union could be ‘quite simple’Former chancellor George Osborne said Britain’s economy has “fallen off a cliff” since Brexit and that rejoining...

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UK chancellor urged to remove £100k childcare ‘cliff edge’ prompting parents to cut work hours

Critics say threshold pushes higher-paid staff to cut back on work and often mothers to stop working to avoid losing entitlementJohn Healey has been urged to fix the £100,000 childcare “cliff edge”, that means some higher-paid...

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