3 min read Last Updated : Jul 22 2024 | 12:03 AM IST By Jennifer Creery The UK risks a return to strikes and a shortage of nurses and teachers if it doesn’t grant above-inflation pay rises, Chancellor of the Exchequer Rachel Reeves said, following reports of a fiscal hole as large as...
Tag: UK economy
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House purchases delayed by ‘global payments issue’
House purchases have been delayed by a glitch with a global payment system that left banks unable to transfer large sums of money. The Bank of England said on Thursday it had suffered a temporary outage to its CHAPS interbank payment system, which handles more than £360bn on an average day. The Clearing House Automated...
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Britain to be fastest growing major European economy, IMF predicts
Britain to be fastest growing major European economy, IMF predicts Jump to content
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Labour is about to crush what’s left of Britain’s economy
Likewise, Amazon has made next day delivery of just about anything you can think of completely standard, creating vast wealth in the process. It might be worth pausing to consider what the entrepreneurs behind those successes had got right, but instead Labour’s allies just want to destroy them. Finally, while we may not always commercialise...
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Ed Miliband is the new face of Britain’s Net Zero folly
The electricity grid needs to be able produce around 45GW peak demand, and to supply all the population night and day, winter and summer. In our interconnected and sophisticated modern world power cuts are disastrous. To prevent power cuts, energy must be always available, and the only way to have that is to have it...
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New UK government faces tough economic challenge
Britain’s new Labour government has pledged immediate action to grow the economy after clinching a landslide election victory to oust the Conservatives, but its task could be hampered by strained state finances following huge Covid expenditures. The centre-left Labour administration led by Prime Minister Keir Starmer has promised investment in key areas such as health...
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Reeves vows to ‘work hand-in-glove’ with business as British stocks surge
Reeves vows to ‘work hand-in-glove’ with business as British stocks surge Jump to content
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Tory Remainers are the authors of their party’s defeat
The oddity of European politics is that Britain is moving sharply to the Left while most of the Continent is moving even further to the Right. In Britain, young people and even the middle aged are abandoning Conservatism. Elsewhere in Europe, the young are the pillars of a radical Right-wing upsurge. On the Continent, the...
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Britain snubs GSK in favour of US pharma giant for RSV vaccine
The NHS has turned to US drugs giant Pfizer over its British rival GSK for vaccines against Respiratory Syncytial Virus (RSV), the winter infection known as the “silent killer” of the elderly. Officials have signed a two-year supply agreement with Pfizer for more than 3.5 million doses of its RSV vaccine for older people and...
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Britain’s biggest union demands a four-day week
One of Labour’s biggest backers has called on the next government to enshrine the right to a four-day work week “for all” after members backed the idea. Unison, which represents public service workers including NHS staff and police, said delegates voted through a motion to “demand the next government takes action to ensure more employers...
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‘Only one British applicant out of 200’: how the UK lost its work ethic
Battered by the financial crisis and pandemic, Britain has lost its culture of risk-taking. In the third of a special election series, The Telegraph examines how this has affected the economy and whether Labour can bring swashbuckling back to the City. When Stuart Forrester and his wife founded their business and marketing consultancy in 2006,...
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Affordable housing, a utopian dream in the UK
The UK housing market is in no way welcoming to first-time buyers, as the price of houses increases by 1.1 per cent in the year to April 2024. At this rate, the average house price is now positioned at 281,000 British Pounds, sending worse prospects for people with an appetite to enter the property market. ...
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