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EY Item Club report hands PM new year boost with prediction that inflation drop will allow interest rates to fall to 4% by year endThe UK economy will benefit from falling inflation and lower interest rates in the second half of the year, boosting growth and allowing the government to offer pre-election giveaways, according to a study by a leading forecaster.Handing Rishi Sunak a new year boost, the advisory business EY Item Club, which is sponsored by the accountancy firm EY, said its winter forecast showed that a long period of economic stagnation “should begin to fade this year as falling inflation, potential interest rate cuts and tax reductions create momentum for growth in 2024 and 2025”. Continue reading...

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The chancellor has room for giveaways in this week’s budget, but business and consumer groups fear he will hold them back for the electionJeremy Hunt is under pressure to be generous when he delivers his first budget speech since he became chancellor last October.The public finances have improved dramatically from the chaotic days that followed Liz Truss’s mini-budget in September, which rocked international money markets and sent interest rates on government debt soaring. The cost of financing Britain’s debt has fallen in recent months and the cost of gas on wholesale markets has tumbled. Continue reading...

Jeremy Hunt is under pressure to be generous when he delivers his first budget speech since he became chancellor last October The public finances have improved dramatically from the chaotic days that followed Liz Truss’s mini-budget in September, which rocked international money markets and se

Couriers will be moved to cheaper insecure deals after government fails on promise to bring in new employment billRapid grocery delivery firms are preparing to move hundreds of couriers paid by the hour on to insecure gig-economy contracts as the threat of tougher regulations has receded, industry sources have warned.Ministers have failed to bring in a modern employment bill with protections for gig-economy workers, despite promising to introduce new legislation at least 20 times since reforms were first mentioned in the Queen’s speech in 2019. Continue reading...

Rapid grocery delivery firms are preparing to move hundreds of couriers paid by the hour on to insecure gig-economy contracts as the threat of tougher regulations has receded, industry sources have warned Ministers have failed to bring in a modern employment bill with protections for gig-economy

Chancellor expected to reveal ‘compact’ agreement with some of UK’s largest investment firms in Mansion House speechThe chancellor, Jeremy Hunt, will reveal plans to release billions of pounds from British pensions to help fund fast-growing companies, as part of wider government efforts to boost growth and attract more business to the UK.Hunt is expected to tell an audience of City leaders and chief executives on Monday that the government has reached a so-called “compact” deal with some of the UK’s largest investment firms that could see about 5% of pension fund investments reserved for early-stage businesses in sectors including life sciences and fintech. Continue reading...

The chancellor, Jeremy Hunt, will reveal plans to release billions of pounds from British pensions to help fund fast-growing companies, as part of wider government efforts to boost growth and attract more business to the UK Hunt is expected to tell an audience of City leaders and chief executive

People who quit during pandemic may be offered ‘midlife MOT’ as way to address labour shortagePlans to coax middle-aged retirees back into work to boost the economy are being considered by the government, according to reports.Older people who have given up work could be offered what is being described as a “midlife MOT” to entice them back into employment, the Times has reported. Continue reading...

Plans to coax middle-aged retirees back into work to boost the economy are being considered by the government, according to reports Older people who have given up work could be offered what is being described as a “midlife MOT” to entice them back into employment, the Times has reported T