News Archive
3/8/2024
Support For Actions To Increase Reuse And Recycling - Public Consultation Backs Transition To A Circular Economy
Proposals to cut the number of single-use, disposable items like cups, ban the destruction of unsold goods and promote the reuse of construction materials have received high levels of support in a recent consultation. The draft Circular Economy and Waste Route Map consultation asked for views on the priority actions needed between now and the end of the decade to increase reuse and recycling, cut waste and drive further decarbonisation.3/8/2024
GAD Supports Power Station Development At Sizewell C
Government Actuary's Department - GAD is supporting the government in the development of Sizewell C. We have applied our experience of funding models to advise the government.
3/8/2024
Monthly GDP Estimates For May
Scotland's onshore GDP grew by 0.3% in May 2024, according to statistics announced by the Chief Statistician. This follows growth of 0.2% in April 2024.3/8/2024
Heinous Killers Banned From Marrying In Prison
The worst murderers serving whole life sentences no longer have the right to get married behind bars as a new law came into force yesterday (2 August 2024). Whole Life Order prisoners now blocked from marrying behind bars Government enacts new law to end torment for victims and their families.
3/8/2024
Supporting Parents With Children In Care - £900,000 For Organisations Working With Birth Parents
Parents who have had a child taken into care will receive support from community services through £900,000 of Scottish Government funding this year. The annual investment, delivered through the Corra Foundation, will be shared in 2024-25 by 11 organisations who work closely with birth parents who see their mental health decline following the loss of their child.3/8/2024
Is Now The Right Time To Look For A Mortgage Deal?
While the decision will be met with relief from many borrowers, the mortgage market has already made optimistic strides over recent weeks. "Fixed mortgage rates have been falling at a steady pace, with lenders feeling more encouraged to re-price their deals due to positive swap rates," explained Rachel Springall, Finance Expert at Moneyfactscompare.co.uk.
3/8/2024
Regional Food Fund - £100,000 To Promote Local Produce
Scottish food businesses, producers and groups are encouraged to apply for grants of up to £5,000 to promote and champion produce from their local area. Scotland Food & Drink Partnership's Regional Food Fund, launches its fifth round with £100,000 available from the Scottish Government to support regional food activity across Scotland.2/8/2024
Retirement As We Know It Is Ending - It's Time To Rethink The Idea Of Working Age
When do you think you'll retire? Aged 65? Younger, if you're lucky? Maybe older if you're unlucky - or if you're young right now?. Someone from a high-income country starting their first job can expect to retire on average two years later than today's pensioners.2/8/2024
Higher Prices For Renewables At Auction Are A Necessary Sticking Plaster - But Not A Long-term Solution
Commenting on the Government's announced budget for the 6th Allocation round of the Contracts for Difference scheme, Jonny Marshall, Senior Economist at the Resolution Foundation, said, "The failure of the last renewable energy auction has forced ministers to offer higher prices in the next one. While this is a necessary sticking plaster, future auctions should focus on low prices as well as rapid delivery.2/8/2024
Latest HIE Plan Builds On The Region's Opportunities
Latest HIE plan builds on the region's opportunities. The document sets out how the organisation will work towards building and sustaining a greener, fairer and more resilient region and strengthening the contribution this makes to Scotland's economy and that of the UK.
2/8/2024
Why Rachel Reeves Can't Seem To Make Her £22bn Black Hole Narrative Convincing
Rachel Reeves had hardly stepped down from the dispatch box to make her first big statement as chancellor of the exchequer before facing a furious backlash. She had claimed to have discovered a £22bn hole in public finances upon taking office and was using it to explain why the new Labour government will not be spending big to save failing public services.
2/8/2024
Inside The Sophisticated Sales Operation Funneling Billions From US State And Local Governments To Israel
The International Consortium of Investigative Journalists has exposed where huge amounts of money comes from to fund Israel particularly since the war in Gaza. In the weeks after the deadly Oct.1/8/2024
Economic Activity And Social Change In The Uk, Real-time Indicators - 1 August 2024
Early data on the UK economy and society. These faster indicators are created using rapid response surveys, novel data sources and innovative methods.1/8/2024
Repaying Bank Loans Destroys Money - Richard Murphy
If bank loans create money, then repaying those loans destroys money. The money in question literally ceases to exist.
1/8/2024
There Is No Such Thing As Taxpayers' Money - Richard Murphy
It's an economic truth that every time a government spends, it creates new money to do so. It does not spend what is commonly called taxpayers' money.
1/8/2024
Business Insights And Impact On The UK Economy - 1 August 2024
The impact of challenges facing the economy and other events on UK businesses. Based on responses from the voluntary fortnightly business survey (BICS) to deliver real-time information to help assess issues affecting UK businesses and economy, including financial performance, workforce, trade, and business resilience.1/8/2024
Bank Of England Announces Bank Rate Reduced To 5% On 1 August 2024
The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine the monetary stance required to achieve the inflation target sustainably.1/8/2024
Austerity Does Not Save Money - Richard Murphy
Like almost all economic truths, austerity works in the opposite way to that which most people think. It does not save money.
31/7/2024
Husband-and-wife Directors Of Care Recruitment Company Banned After Failing To Pay More Than £30 Million In Tax
The pair significantly under-declared the amount of tax their company owed to HM Revenue and Customs. Raja Usman and his wife Khair Un Nisa were directors of Umbrella Care Ltd, a Derby-based company which provided workers to the care sector.31/7/2024
