Still, the strong levels of employment growth in the earlier months of this year have been positive for the public finances, with the Treasury raking in more money from taxes than forecast by the Office for Budget Responsibility (OBR) for the year to the end of October. But rising inflation has also pushed up the cost of debt interest paid by the government – leading to a worse than expected performance for the public finances last month. … [Read more...] about The Brexit economy: is the worst of the 2017 slowdown over?
Quarterly report on household debt and credit 2017
May 23: Downing Street stands by the PM's chief aide, saying in a statement: 'Owing to his wife being infected with suspected coronavirus and the high likelihood that he would himself become unwell, it was essential for Dominic Cummings to ensure his young child could be properly cared for.' … [Read more...] about Dominic Cummings is reported to police by retired teacher ‘who saw him and his family breaching lockdown by taking trip to town 30 miles away from where he went to self-isolate’
Ex-Treasury minister Jim O’Neill said he has also discussed creating a public sector-owned funding body to take stakes in “inherently stable” businesses. … [Read more...] about Chancellor Rishi Sunak draws up fresh bailout pan for key, debt-ridden companies
The possibility of a downgrade for the bank's A3 rating comes ahead of the publication of its results on 27 February when its new boss Ross McEwan, below, is also scheduled to announce his strategy for the bank after taking the helm on 1 October, including cutting costs and scaling back on some business lines. … [Read more...] about Royal Bank of Scotland warned of potential credit rating downgrade
In contrast, Mr Cummings' elderly parents were at a much higher risk of contracting a severe and potentially fatal form of Covid-19 – making his actions appear all the more reckless. Family friends have pointed out that his wife, Mary Wakefield, has a brother, Jack, who lives in London with his own young son. She also has a half-brother, Max, who lives in the capital. … [Read more...] about Durham police announce they will probe new reports about Dominic Cummings’ 260-mile trip – as local crime commissioner demands official probe using ANPR and mobile phone data