First quarter growth was 0.7pc, while the second quarter, announced last week, yielded a still healthy 0.6pc. This annualises at what, by the standards of the post-financial crisis slough of despond, is a positively rip-roaring 2.4pc. Much of this gain is admittedly just a rebound from last year’s mild recession; things are likely to slow...
Tag: ECONOMY
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Immigration biggest issue for Britons f
Aug 16, 2024 04:38 PM IST MIGRATION-BRITAIN/:Immigration biggest issue for Britons for first time since 2016, poll shows LONDON, – Immigration tops the list of issues that Britons consider most important for the first time since 2016 – when Britain voted to leave the European Union – following riots this month targeting Muslims and migrants,...
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Entitlement and laziness are crushing the life out of Britain
And how does the political class react? There’s the growing hostility towards business, with Labour bleating about the miseries of employment under “unscrupulous” bosses and the need for more worker “rights”. There may well be circumstances in which greater flexibility benefits both parties, which is why millions of voluntary agreements are already in place. But...
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How spiralling worklessness among British-born adults is fuelling a migration crisis
This is a big enough issue to affect the whole economy. “Without effective action to bring more people back into the workforce, sustained economic growth will be all but impossible,” she says. Rachel Reeves, the Chancellor, has promised action, sounding tough on benefits claimants. “Today’s figures show there is more to do in supporting people...
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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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Report: Digital Job Growth in UK Hits Lowest Level in Decade
Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. As Bloomberg News reported Thursday (July 11), this has led the incoming Labour government to promise to revitalize the industry as it seeks to fuel growth. The number of digital jobs climbed by just 0.3% last year — the lowest figure since a...
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How to Style like … Lewis Hamilton: F1 champ dresses as boldly as he drives
Formula One drivers don’t lack confidence. Their sport favours the fast and the brave and Lewis Hamilton has very much proved he is both those things, winning the world championship a joint record seven times – and piling up millions in the process. The 39-year-old Briton displays those same traits off the track too, with...
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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. New UK government faces tough economic challenge The centre-left Labour administration led by Prime Minister Keir Starmer has promised...
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UK Labour to seek economic growth of 2.5%
LONDON: Keir Starmer, who polls show is on course to be Britain’s next prime minister, says his Labour Party would target economic growth of at least 2.5% if it came to power at the July 4 general election. “Under the last Labour government, we grew by about 2.5%,” Starmer said in an interview with ITV...
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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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Hunt takes on Reeves after claim Labour is ‘natural party of British business’
For the assembled chief executives of UK Inc, the claim that the opposition Labour Party is the “natural party of business” might have been hard to digest a year ago, but it landed well at a summit on Thursday, two weeks before the general election. Shadow chancellor Rachel Reeves told senior executives of some of...
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Why Britain’s biggest economic problem is proving near-impossible to fix
This is particularly worrying for economic growth. Almost all of the economy’s expansion has been driven by the rising number of people in work in recent years, according to Tony Wilson, director of the Institute for Employment Studies. “For the last 20 years or more, economic growth has been driven by employment growth rather than...
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