Rachel Reeves must rethink how tax and spend decisions are made after welfare U-turn | Heather Stewart
Binary rules and twice-yearly OBR forecasts have turned chancellor’s moves into grim spectator sport There are many lessons for Labour’s bruised leadership from last week’s embarrassing U-turn on welfare cuts, but one is surely that how – and when – fiscal policy is set is not working. Binary
Read More
Bank governor wades into row over Reeves’ focus on fiscal rule forecasts
Andrew Bailey says OBR projections – which the chancellor uses to calculate headroom – shouldn’t be ‘over-interpreted’ The Bank of England governor, Andrew Bailey, has waded into the controversy over Rachel Reeves’s fiscal rules with a warning against “over-interpreting” the Office for Budget Responsibility’s forecasts. The chancellor announced
Read More
PM call with President Macron of France: 5 July 2025
The Prime Minister spoke to the President of France Emmanuel Macron this morning. HM GovernmentSource
Read More
What quintessentially British images should go on the new banknotes? Our panel has some ideas | Athena Kugblenu and others
The Bank of England is redesigning money with new themes. So how about Lincoln Cathedral, the London Marathon … or wheelie bins? Continue reading… Athena Kugblenu, David Reynolds, Coco Khan, Connor Myers and Henry BonsuSource
Read MorePersonal thank you to NHS worker from Prime Minister
To mark the 77th anniversary of the NHS, the Prime Minister has met and personally thanked the NHS worker who looked after his brother. HM GovernmentSource
Read More
Britons ‘hoarding cash amid economic uncertainty and fear of outages’
Households seeking safety net in time of global volatility, according to Bank of England’s chief cashier Britons are hoarding physical cash amid extreme economic uncertainty and to provide a safety net for possible banking system outages such as the recent one in Spain, according to the Bank of
Read More
Who is calling the shots when it comes to UK wage levels: workers or bosses?
Amid apparent rising pay, economists are concerned about the consequences of a possible shift in the balance of power When Eastbourne’s refuse collectors secured a huge 11% pay rise, increasing to 19% for the lowest paid, it seemed like worker power was back. It was early 2022 and
Read More
Minister Smith Keynote Speech at SKOPE Skills Summit, Oxford
Speech delivered by Skills Minister Jacqui Smith at the University of Oxford on higher education reform, access and participation and working with the FE sector HM GovernmentSource
Read More
Nationwide clampdown on delivery riders working illegally
Ramp-up of arrests and visits set to take place across the UK targeting migrants working illegally in the gig economy HM GovernmentSource
Read More
Office for National Statistics has ‘deep-seated’ problems and needs an overhaul
Devereux Review on the UK’s main statistics body also says a revision of past figures may be required The UK’s main statistics body needs a £10m overhaul and its top role split in two after a series of management failings and errors that have plagued the organisation for
Read More