Category: Economic policy

Hospitality firms ‘to incur £1bn costs from employer NICs on 774,000 more workers’

Industry body says businesses and jobs at risk unless Rachel Reeves’s tax changes delayed or alteredThe hospitality industry will incur an extra £1bn of costs for 774,000 of its workers who will be newly eligible for...

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Bank of England delays rules designed to avoid banking crash by a year

Latest setback, after talks with Treasury, blamed on lack of clarity about implementation in USBusiness live – latest updatesThe Bank of England has delayed the introduction of tougher global banking capital rules by a...

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Surprise fall in UK inflation to 2.5% eases pressure on Rachel Reeves

ONS data shows CPI below reading of 2.6% in November, meaning prices rose at a slower rateUK inflation unexpectedly fell in December, handing some breathing space to the chancellor, Rachel Reeves, after a week of turbulence in...

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Tulip Siddiq resigns as Treasury minister, saying she has not broken code but is a ‘distraction’ to government – UK politics live

Siddiq says in resignation letter that staying would be a ‘distraction’ amid ongoing controversy over her links to her aunt, the former Bangladeshi PMStephen Doughty, a Foreign Office minister, has told MPs that the...

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Reeves condemns Tories’ economic legacy after shadow chancellor calls for her to be sacked – UK politics live

Reeves says that Tories have no policies and says she is dealing with ‘14 years of stagnant economic growth’Stephen Doughty, a Foreign Office minister, has told MPs that the future of Greenland is a matter for the...

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Reeves warned further cuts ‘politically suicidal’ as she faces MPs amid market turmoil – UK politics live

Chancellor to take questions following her statement on China visitStephen Doughty, a Foreign Office minister, has told MPs that the future of Greenland is a matter for the people who live there. And he said that he made this...

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Reeves warned further cuts ‘politically suicidal’ as she prepares to face MPs – UK politics live

John McDonnell says more cuts would be ‘a disaster for the country’ and steer voters towards ReformStephen Doughty, a Foreign Office minister, has told MPs that the future of Greenland is a matter for the people who...

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