The TRA highlights its achievements in protecting the UK's economic interests against unfair international trade practices in new Annual Report and Accounts. The report, covering the financial year 2023-24, showcases the TRA's ability to adapt and thrive in the face of a rapidly changing global trade environment.
Scotland in the Red is a report published annually by StepChange which looks at some of the key issues that have been facing clients in Scotland in the 2023 analysis recently published. We can see the particular problems that have arisen from.....
The government has announced an overhaul of the planning system to fix the foundations and grow the economy. Government to fix the foundations with an overhaul of the planning system that will see new mandatory targets for councils.
UK economy and workers have benefited from the government export credit agency's highest level of business since 2020. UK Export Finance provided £8.8 billion in new financing last year, helping 650 UK companies to export.
Rachel Reeves has accused Jeremy Hunt, her predecessor as chancellor, of lying about the state of the public finances inherited by the Labour government. Hunt has dismissed the claims as "absolute nonsense".
In a move to put more money in working people's pockets, the government has today [Tuesday 30th July] overhauled the remit of the Low Pay Commission (LPC). Government takes first step to deliver on the promise of a genuine living wage for working people.
On 8 July, the Chancellor of the Exchequer announced that she had instructed Treasury officials to undertake a rapid audit of public spending. This document sets out the outcome of the audit, the immediate action the government is taking in response, and the long-term measures being introduced to restore public spending control.
A new generation of new towns to kickstart economic growth and get Britain building again. Long-term vision to deliver largescale new communities of at least 10,000 new homes each set out.
Government Armed Forces Pay Announcement confirms starting Armed Forces salary will be in line with National Living Wage for the first time. The government will "renew the nation's contract with those who serve", as it confirms that Armed Forces personnel will receive a 6% pay rise - the largest in 22 years.
The Government has chosen a steady-as-she-goes one-year holding position for the minimum wage in 2025, with the adult rate (the ‘National Living Wage') likely to rise in line with average earnings. Workers under 21 may see faster pay rises as the age-specific minimum wage rate for 18-20 year olds is set to converge with the main National Living Wage, the Resolution Foundation said on Tuesday 30 July 2024.
The government is committed to ensuring that every adult worker benefits from this genuine living wage, and we will remove discriminatory age bands for adults. In the interim, we ask that the Low Pay Commission recommends a National Minimum Wage rate that should apply to 18 to 20-year-olds from April 2025.
Government announces budget of over £1.5 billion to deliver homegrown clean energy projects and boost UK's energy security Increase of over 50 per cent on previous budget with biggest boost for offshore wind. New milestone in mission for clean, cheap energy for families and businesses.
Richard Murphy in his blog taxresearch.co.uk has described the position following Rachel Reeves announcement to withdraw the Heating allowance from pensioners not in receipt of pension credit. There are 12.6 million pensioners in the UK.
An internal review of Department for Transport - DfT's capital spend portfolio will be commissioned to support a long-term strategy for transport. The financial inheritance this government has received is extremely challenging.
Child maintenance consultation extended to allow more time for engagement from external organisations. The Government has today extended a consultation on the Child Maintenance Service to ensure there is suitable time for feedback from external organisations.
Cara Pacitti, Senior Economist at the Resolution Foundation, said, "Bolstering mandatory housing targets for local authorities is a welcome step that should go some way to helping the Government meet its ambitious target of 1.5 million new homes over the Parliament. "However, planning reform alone is unlikely to deliver all the affordable homes we so desperately need in this country, and a significant ramping up of affordable housebuilding is likely to require additional public funding too.
Chancellor of the Exchequer Rachel Reeves statement to the House of Commons on 29/07/2024. Mr Speaker, on my first day as Chancellor of the Exchequer, I asked Treasury officials to assess the state of public spending.
School teachers to receive fully funded 5.5% pay award. School teachers and leaders will receive a fully funded 5.5% pay award, reflecting the vital contribution they make to children's life chances.
The Chancellor this afternoon unveiled a £35 billion laundry list of spending pressures for 2024-25 - more than enough to wipe out existing headroom against getting debt falling in five years' time. This leaves her tough choices for the Autumn Budget if she is to increase growth and bring down debt, the Resolution Foundation said today (Monday).
The Chancellor Rachel Reeves asked that pensioners check if they are eligible for Pension Credit ahead of the removal of the heating allowance. Anyone entitled to pension credit will still receive the heating allowance.
