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News Archive


22/7/2024
Skills England To Transform Opportunities And Drive Growth
Clearly the Labour Party has been preparing for government for a long time as shown by this latest announcement.   This latest new body did not happen in the couple of weeks since the election but is part of a wider strategy.  
22/7/2024
Labour Should Be Capping Rent Increases - Richard MurphyThumbnail for article : Labour Should Be Capping Rent Increases - Richard Murphy
Millions of people living in private rented accommodation are still facing well over inflation-rate rent increases when increases in wages are falling dramatically as most inflation does as well.   This penalises those living in that accommodation in a grossly unfair way.  
22/7/2024
Sellafield Takes Delivery Of First Fully Electric TrainThumbnail for article : Sellafield Takes Delivery Of First Fully Electric Train
Sellafield's rail team welcomed the latest addition to their fleet this month as the site took delivery of its first fully electric locomotive.   Sellafield has one of the largest internal rail networks in the country, with eleven miles of track supporting site operations and the UK's nuclear power industry.  
22/7/2024
New And Improved Website From The UK Ship RegisterThumbnail for article : New And Improved Website From The UK Ship Register
The UK Ship Register (UKSR) launched a new website, simplifying access to essential services for seafarers and vessel owners worldwide.   The UK Ship Register (UKSR) now has a new feature-packed website.  
21/7/2024
Can Your Caithness and North Sutherland Business Use an Apprentice - Funding Help Is Available
The Caithness Business Fund offers grants for local businesses to take on apprentices.   Another closing date is approaching for applications 1st August.  
21/7/2024
Pay Bodies To Recommend 5.5% Rise For Teachers And NHS Staff, Report Says
Above inflation deal could lead to government having to find an extra £10bn in total across the public sector.   Independent pay review bodies representing teachers and NHS workers have reportedly recommended above-inflation pay rises that could require the government to raise up to £10bn, a leading economist has said.  
21/7/2024
UK Soldiers Test Next Generation Of Body-worn TechnologyThumbnail for article : UK Soldiers Test Next Generation Of Body-worn Technology
Major advances have been made in body-worn technology for UK soldiers, improving their operational advantage.   Major advances made in body-worn technology for UK soldiers.  
21/7/2024
Chancellor Vows Big Bang On Growth To Boost Investment And SavingsThumbnail for article : Chancellor Vows Big Bang On Growth To Boost Investment And Savings
Landmark pensions review part of Government's mission to ‘boost growth and make every part of Britain better off'.   Chancellor launches landmark review to boost investment, increase pension pots and tackle waste in the pensions system.  
20/7/2024
Worse Than Expected Government Borrowing Serves As A Reminder To The New Chancellor Of The Fiscal Challenges Ahead
Higher spending has left government borrowing £3.2 billion higher than the OBR's last forecast three months into the new financial year, highlighting the scale of the fiscal challenge facing the new Chancellor ahead of her first Budget this Autumn, the Resolution Foundation said on Friday 19 July 2024.   The latest ONS data showed that borrowing was £14.5 billion in June - down on last year, but up £2.9 billion compared to the OBR’s last economic outlook back in March.  
20/7/2024
What Is The Average Retirement Income In The UK?
Sam Curtis at The Private Office web site look sat retirement income and what can be expected.   On face value the question of ‘what is the average' is a simple one, the answer is £561 per week (£29,172 p.a.) for a retired couple and £267 per week (£13,884 p.a.) for a single retiree as per the most up to date Government Pensioners' Income figures.  
20/7/2024
Unlocking Fresh Business Talent In Scotland
Expanded support to close the gender gap and attract the next generation of entrepreneurs.   Up to £2.6 million is being invested in initiatives to make it easier for women and people from all backgrounds to start a business.  
20/7/2024
Enjoy The Dream Condition For Savers While It Lasts!
According to data from the newswire, Newspage, the Bank of England has only managed to keep inflation at its target for 30 percent of the time since it gained independence in 1997.  So, it was good news to see that the headline inflation rate, as measured by the Consumer Prices Index (CPI) has remained at target for another month.  
20/7/2024
Election Season - Is A Shift To The Left, Right For Markets?Thumbnail for article : Election Season - Is A Shift To The Left, Right For Markets?
Daniel Douglas-Wright writing at The Private Office.   In last month's update we touched upon the French and British general elections, however at the time of writing the UK election hadn't yet taken place and the French election had only passed its first round.  
20/7/2024
A Damning Report From The Covid Enquiry - The Resilience And Preparedness Of The United KingdomThumbnail for article : A Damning Report From The Covid Enquiry - The Resilience And Preparedness Of The United Kingdom
The UK Covid-19 Inquiry is an independent public inquiry examining the response to, and impact of, the Covid-19 pandemic, to learn lessons for the future.   The scale of the pandemic was unprecedented; the Inquiry has a huge range of issues to cover.  
20/7/2024
Russia's War Threatens Food Security - UK Statement To The OSCE
Justin Addison, UK Delegation to the OSCE, tells the OSCE's Economic and Environmental Committee (EEC) that Russia is prioritising its own aims above global food security.   The UK delegation would like to thank the Austrian chair of the EEC for convening this session to discuss food security.  
20/7/2024
PM Meeting With President Zelenskyy Of UkraineThumbnail for article : PM Meeting With President Zelenskyy Of Ukraine
The Prime Minister welcomed President Zelenskyy to Downing Street on 19 July 2024, the first foreign leader to visit No10 during this government.   The Prime Minister welcomed President Zelenskyy to Downing Street this morning, the first foreign leader to visit No10 during this government.  
19/7/2024
Scottish Secretary Responds To Labour Market Stats For July 2024Thumbnail for article : Scottish Secretary Responds To Labour Market Stats For July 2024
Ian Murray says government is wasting no time to deliver change for people across the UK.   Responding to the latest Labour Market Statistics published this morning Scottish Secretary Ian Murray said: "These worrying figures reflect the economic situation this government has inherited, but we're wasting no time to deliver change for people across the UK.  
19/7/2024
Government Introduces New Fiscal Lock Law To Deliver Economic Stability And Protect Family Finances
New law bringing economic stability introduced to the House of Commons following the King's Speech.   New law to deliver economic stability by ensuring that no future Government can sideline the Office for Budget Responsibility (OBR).  
19/7/2024
UK Wage Growth Still Too Hot To Handle For The Bank Of England
Real wages are growing at their fastest rate outside of the pandemic in over a decade.  This is welcome news for workers, but less so for monetary policy makers looking for signs of inflationary pressures, the Resolution Foundation said on Thursday.  
19/7/2024
June Retail Sales - Worse Than expected
The Office for National Statistics has reported retail sales figures in Great Britain for June: Retail sales volumes fell by 1.2% in June 2024 following a rise of 2.9% in May.   Non-food store sales volumes fell by 2.1% in June, Food fell by 1.1%.