Policy coordination needs to be improved.The Bank of England must be more accountable and aligned with broader macroeconomic objectives. It needs to do its job better. There is no alternatives. Desperate economic circumstances require hard-edged small state policies.
The failed Labour leader, now Energy Secretary, is increasingly tipped as a possible Chancellor in a post–Keir Starmer world. But we may not need to speculate about what he would be like in No11. In many ways, the Miliband chancellorship is already on display.
Britain’s unemployment rate is forecast to climb to its highest level since the pandemic, according to the OBR, the budget watchdog, with their growth forecast cut for the coming year to just 1.1 per cent.
Having now forced a partial u-turn, Kemi Badenoch has been vindicated. It goes to show what can be achieved when you stick to your guns.
By tightening at the centre without offering a long-term growth narrative, Reeves left devolved authorities managing decline rather than renewal. The result has not been reassurance, but resentment.
The breaking of promises and the misleading of the public surely warrants its own investigation. You might say Reeves has been economical with the truth, but are we sure she could be economical about anything?
As Britain experiences a brain drain of Nick (30), aka young professionals, the triple lock and a wapping welfare bill remain in their place. Will the Tories wake up to it?
The Chancellor Rachel Reeves has delivered her Budget. Here is a selection of responses from the Opposition and ThinkTanks.
Whatever the Chancellor does today, the numbers still won’t add up, Tory MP Jack Rankin sets out. He says we must cut up the credit cards and stop spending money we don’t have.
As the Chancellor fills her red box, the Tory leader readies her lines. Next week may be Kemi Badenoch’s last clean shot at entering the public’s political consciousness.
Tory Leader Kemi Badenoch warns the UK faces bankruptcy without benefit cuts
Britain’s economy is on pause while Rachel Reeves decides who to tax next. From housing to hospitality, every sector is paying the price for a PM and Chancellor without a political compass.
The UK’s wealthiest clearly see life as more than a game of hoarding money. But it doesn’t mean they will indulge in an indefinite game of jump and how high with the government. Patience is wearing thin.
At Reeves’ last budget, where she delivered a record £40bn of tax rises, the Chancellor pledged not to come back for more. To do exactly that – and then blame an event nearly a decade old – is to take voters for fools. It will not wash to say Brexit has caused the downgrade.
It is time to stop taxing the Stock Exchange out of existence and start powering the next generation of British Tech giants and creating a new generation of shareholders.