Author: News Desk

Wage growth eases again in boost for rate cut hopes Wage growth eased in line with expectations, new figures show, helping to pave the way for further interest rate cuts this year. According to the Office for National Statistics (ONS), pay growth excluding bonuses eased to 4.9 per cent in the three months to August, down from 5.1 per cent previously. This was in line with expectations and the slowest rate of pay growth since June 2022. Including bonuses, annual wage growth fell to 3.8 per cent, down from 4.0 per cent and slightly ahead of the 3.7 per cent…

Ministers refuse to rule out hike to employer national insurance rate The Chancellor and business secretary have again refused to rule out a hike employers’ National Insurance (NI) contributions in the upcoming Budget when speaking on the sidelines of the government’s investment summit today. Speaking exclusively to City AM on the question of whether Labour would increase employers’ NI, Jonathan Reynolds stressed: “I think the manifesto commitments about the taxes on working people were absolutely clear. “I think our commitments on corporation tax and the business taxation roadmap were absolutely clear.” Labour has come under pressure in recent weeks to…

Reeves hails £63bn boost for Britain at flagship investment summit Ministers have hailed £63bn worth of investment into the UK that was unveiled at the government’s investment summit in the City today. The figure, which includes a number of investment projects announced in recent weeks, covers a range of industries and sectors from clean energy, life sciences, data centres and aviation. Prime Minister Sir Keir Starmer began the high-powered summit with a speech to CEOs and investors in which he deployed the word ‘growth’ a total of 24 times. “I am determined to do everything in my power to galvanise…

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A cloudy start for many, with drizzle over the hills. Some bright or sunny spells developing at times through the day. The increasing risk of heavy showery rain in the south and west though the evening. Warm in the south. TONIGHT: Outbreaks of heavy and perhaps thundery rain will push north and eastwards across the UK through the evening and overnight. A mild night to come. Source: Met Office