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INSANE: 3 | Vintage Vibes

Rachel Reeves could raise £10bn in wealth taxes, Resolution Foundation says

The chancellor could find the cash to fund Labour’s plans for power, including inflation-busting pay hikes for public sector workers, by levying taxes on unearned wealth

The Independent UK

Wealth taxes could raise £10bn to help plug Tory budget hole, say economists

Reforms to inheritance and capital gains taxes could reduce £20bn shortfall and combat UK’s widening wealth gap

The Guardian - UK

Labour told it will need to defeat ‘net-zero nimbys’ to decarbonise Britain

Opposition in wealthier areas is likely and overcoming it is essential, says Resolution Foundation

The Guardian - UK

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Low wages under Tories have pushed 900,000 UK children into poverty, report finds

TUC says party has overseen ‘huge rise’ in poverty, as Resolution Foundation says average wages just £16 a week higher in real terms than in 2010

The Guardian - UK

Britain’s welfare bill to soar by £60bn over next four years as parties commit more money for pensioners

Pension commitments and a sickly population mean that by 2029 Britain’s welfare bill will be increasing by £20bn a year, analysis by Resolution Foundation predicts

The Independent UK

UK growth since 2010 has been lacklustre and largely driven by immigration, says report

Resolution Foundation report suggests parties are dodging the economic challenges facing the country

The Guardian - UK

UK faces £33bn hole in finances or return to austerity, thinktank says

Labour and the Conservatives want to reduce national debt, but Resolution Foundation says promises ‘detached from reality’

The Guardian - UK

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Biggest inflation shock in decades has turned UK into nation of savers – report

Big changes in overall prices remain with us, even though inflation is easing, the Resolution Foundation said.

The Independent UK

High interest rates could add billions to UK green energy transition, says report

Resolution Foundation calls for fourfold increase in renewable power investment to reduce pressure on household bills

The Guardian - UK

Longest sustained rise in people too sick to work since 1990s, says thinktank

Resolution Foundation points to legacy of Covid as it warns that near-record 2.7m people are too ill to work

The Guardian - UK

UK to have first parliament in modern history with fall in living standards, says thinktank

Household incomes on course to fall despite national insurance cuts in budget, says Resolution Foundation

The Guardian - UK

UK ‘fiscally offside’ by up to £60bn, Citi fears; house prices rise again – as it happened

Rolling coverage of the latest economic and financial news, as economist warns OBR productivity forecasts are much too optimistic

The Guardian - UK

People in 20s more likely to be out of work because of poor mental health than those in early 40s

Resolution Foundation report calls for action as number of young people experiencing poor mental health increases

The Guardian - UK

Labour ‘must spend billions on welfare or poverty will soar’

Britain’s benefits system needs urgent reform, at a cost of £12bn, charities and experts warn

The Guardian - UK

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GoodToKnow

Working from home keeps mothers in employment, according to research - so why do so many companies want to return to the office?

Working from home narrows the motherhood gap in employment, but 90% of companies want to return to the office

The Guardian - UK

The Guardian view on a dismal inheritance: the UK does not need another bout of austerity

Editorial: Fixing a broken economy with service-led growth and increases in public investment as well as welfare spending should be seriously considered

The Guardian - UK

The broken state of UK economy is clear; Hunt and Starmer’s solutions are less so

Resolution Foundation report underlines lack of progress by Tories but Labour proposals seem woolly

The Independent UK

Watch Live: Keir Starmer expected to speak on the economy at Resolution Foundation conference

Watch live as Keir Starmer speaks on the economy at Resolution Foundation conference in Westminster, London, on 4 December 2023.

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Fortune

Britain’s snail-pace growth has set U.K. households back by $10,500 as peers in France and Germany pull away

Growing income inequality, depressed productivity and underinvestment are among the causes hurting British workers and households.

The Guardian - UK

James Cleverly tells MPs crackdown will cut annual immigration numbers by about 300,000 – as it happened

Home secretary to announce big hike in salary requirement for migrants to the UK as Rishi Sunak tries to cut net migration figures

The National (Scotland)

'Tone deaf': Austerity fears as Keir Starmer pledges not to 'turn on spending taps'

SENIOR Labour MPs are concerned that Keir Starmer is preparing to sign up to austerity measures after details of an upcoming keynote speech were…

The Guardian - UK

Gold hits record high and bitcoin breaks $42,000 – as it happened

Gold at all-time high, and bitcoin at 18-month peak, as traders bet on US interest rate cuts early next year, while ONS shows that mortgage holders face higher inflation

The Guardian - UK

British workers missing out on £10,700 a year as living standards fall

Report by Resolution Foundation and LSE calls for economic strategy rethink after 15 years of relative decline

The Guardian - UK

UK households to be £1,900 poorer by end of this parliament, say economists

Warning comes after Resolution Foundation finds autumn statement favours richest 20% of earners

The Guardian - UK

UK facing ‘elevated’ recession risks as new orders fall; Nissan’s EV boost in Sunderland; Turkey hikes rates – as it happened

Latest PMI survey shows a marginal return to growth for UK companies, but falling orders raises recession risk

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