As the summer of 2025 draws to a close, the Government’s milestone to ‘raise living standards so working people have more money in their pockets’ sits in a complex economic landscape. Polling patterns suggest that ...

During the King’s Speech, an Employment Rights Bill was promised by the Labour Government. The Bill aims to deliver on policies set out in the Plan to Make Work Pay. Commitments in the plan include ...

The Passenger Railway Services (Public Ownership) Bill was the first introduced by the new Labour Government in Parliament. This Bill is meant to deliver on Labour’s manifesto commitment to reform the railways and bring them ...

Tax cuts and fiscal headroom Jeremy Hunt has been facing renewed calls from Conservative colleagues to cut taxes after new figures from the Resolution Foundation revealed that Government revenues had increased by an estimated £15bn ...

There is considerable concern among policymakers and consumer groups that many are not saving enough to ensure a good standard of living in retirement, even after the recent success of automatic enrolment in boosting pension ...

In April 2022, John Glen, then Economic Secretary to the Treasury, made a big commitment to make the UK a global hub for crypto business. On the same day, HM Treasury published its response to ...

Rishi Sunak has officially become Prime Minister after being invited to form a Government by King Charles. He did not make any policy pledges during the four-day contest, give any speeches or media interviews which ...

Since its inclusion in the Queen’s Speech, many have been waiting for the Financial Services and Markets Bill 2022-23. The Bill was introduced to Parliament the day after the Chancellor’s Mansion House speech on the ...

Rt Hon Dame Margaret Hodge MP and Kevin Hollinrake MP, Chairs of the APPG on Anti-Corruption and Responsible Tax and the APPG on Fair Business Banking, launched their ‘Economic Crime Manifesto’ last Thursday. The Manifesto ...

A Financial Services Bill – now the Financial Services Act 2021 – was introduced in the 2019–21 session and received Royal Assent on 29 April 2021. It contained a range of measures, including some related ...

The Chancellor approached yesterday’s Spring Statement with inflation reaching 6.2% in April and what the Office for Budget Responsibility calls the biggest hit to household finances since comparable records began in 1956-57. Against this backdrop, ...

The UK’s cap on energy prices limits how much firms can charge consumers, which means that wholesale energy cost surges have so far mostly fallen on suppliers. The GB-wide price cap was raised in October. ...

UK authorities are currently engaged in a process of research and exploration to examine the opportunities and implications of a Central Bank Digital Currency (CBDC). CBDC would be a new form of digital money issued ...

Speaking at her first Labour conference as Shadow Chancellor, Rachel Reeves said she doesn’t look at the economy as just some lines on a graph but instead she concentrates on the ‘everyday economy’, the workers ...

As we emerge into a post-pandemic era, the inflation debate has been heating up. The key question is: will the price increases be isolated and short lived, or are they a cause for concern? It ...

The G7 has agreed to back a historic two pillar international agreement on global tax reform that will mean the largest multinational tech giants will pay their fair share of tax in the countries in ...

The Economy Summary is part of our Weekly COVID-19 Bulletin, sent every Thursday. You can sign up to receive your copy here. GDP  UK gross domestic product (GDP) is estimated to have grown by 2.1% in March 2021, ...

The Economy Summary is part of our Weekly COVID-19 Bulletin, sent every Thursday. You can sign up to receive your copy here. Older workers during the coronavirus (COVID-19) pandemic  While the impact of the coronavirus (COVID-19) ...

The Economy Summary is part of our Weekly COVID-19 Bulletin, sent every Thursday. You can sign up to receive your copy here. Economic outlook  Independent, business-led coalition which aims to provide ‘new ideas to ensure that ...

The Economy Summary is part of our Weekly COVID-19 Bulletin, sent every Thursday. You can sign up to receive your copy here. Unemployment  Headline indicators for the UK labour market for December 2020 to February 2021 show employment ...