That argument will be settled in the run-up to a Spending Review. If anything, the medium-term pressures on public services will be higher, reflecting issues such as big NHS waiting lists. For now, the Budget has achieved its two strategic aims: borrowing more now to extend immediate crisis support, then post-dating a huge cheque, paid for mainly by big business, to cover part of the bill. Most of the other parts in these plans can move and, if necessary, dramatically so.
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Fitch downgrades US credit rating from AAA to AA+
admin, , Business, 0
“In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including...
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Elon Musk says Tesla has not signed deal with Hertz
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You’re welcome! If any of this is based on Hertz, I’d like to emphasize that no contract has been...
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Kwasi Kwarteng: Investors wary as economic plan brought forward
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Providing reassurance on that score will likely mean confirming unpalatable news for others. For most economists reckon that, even...
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Railway workers to strike over three days in June
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On the first day of the planned strike on 21 June, London Underground RMT workers plan to walk out...
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Warning poorest households are struggling to get £150 energy rebate
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Rochdale Borough Council is processing 50,000 direct debit rebates and has just started to mail out letters to the...
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Biden: Infrastructure bill is ‘monumental step forward’
admin, , Business, 0
Of course, promises can be broken – and there’s still the possibility centrists could derail the spending package, either...
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Ukraine conflict: Growing numbers of firms pull back from Russia
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In retaliation against Western sanctions, the Russian government has banned the sale of Russian assets. So firms that, in...
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Coronavirus: Seafarers stuck at sea ‘a humanitarian crisis’
admin, , Business, 0
Large firms including shipping titan AP Moller-Maersk, oil firms BP and Shell, consumer giant Unilever and mining groups Rio...
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