‘Red Wall’ Tory MPs demand a ‘Northern Big Bang’ of investment and Government action to boost the region
Northern Tories are today demanding Boris Johnson trigger an economic ‘Big Bang’ as part of his plan to ‘level up the country’. Read more in the Daily Mail here.
The Conservatives won the 2019 general election with a promise to “get Brexit done and level up the country”. Voters in those parts of the country which could do with being levelled up have shown considerable patience since then. Read more in The Times here.
A burst of private sector investment could create a Northern Big Bang, comparable to the 1980s Big Bang in the City of London, write Jake Berry MP and Nick King. Read more here.
Universal Credit ‘tax on workers’ should be cut to help Brits get back to employment, says thinktank
Universal credit’s tax on workers should be cut to help struggling Brits back into employment, a new think tank report has said. The current system makes it “less worthwhile for claimants to take up employment”, a briefing paper by the Centre for Policy Studies said. Read more in The Sun here.
News that Eurostar is about to go bust should surprise no one. Europe is closing its borders and passenger demand for rail travel with the Continent has collapsed. Read more in The Times here.
The first lockdown left every parent I know with a newfound respect for teachers. But this time, they are being told to clap for them on a Thursday — and complain about them on a Friday. Read more in The Times here.
UK risks longer dependency on fossil fuels without nuclear. Read more on FT here.
The government must commit to developing more nuclear capacity if the UK is to cope with the expected doubling of electricity demand by 2050, a new report has found. According to the Centre for Policy Studies, failure to invest in new nuclear power could see the UK forced to choose between hitting its net zero… View Article
Speaking at the Centre for Policy Studies think tank, Ms Truss announced a new equalities data project, to report next summer
Speaking at the Centre for Policy Studies think tank, Ms Truss announced a new equalities data project, to report next summer, that will amass information on life outcomes to work out where the most disadvantaged are based. Read more in The Telegraph here.
The Centre for Policy Studies think-tank has estimated a three-year freeze could save the Exchequer up to £23 billion. Read more in The Telegraph here.
The Centre for Policy Studies claims the UK would rise from 22nd to 9th in the International Tax Competitiveness Index. Read more in The Telegraph here.
The Centre for Policy Studies (CPS) has said the Triple Lock is creating a strain on the public purse, and that instead an alternative approach should be considered. It comes as the think tank released its nine-point plan for helping the Treasury save money as Britain recovers from the financial impact of the pandemic. Read more… View Article
A right-of-centre thinktank with close links to Downing Street has called for the pensions triple lock to be scrapped, the aid budget to be cut and child benefit further limited as part of £30bn worth of spending cuts designed to spare the UK from post Covid-19 tax increases. You can read more here.
Britain is in the bottom half of a league of developed nations for tax competitiveness. Research by the Tax Foundation has found that the UK ranks 22nd for offering competitive rates in the Organisation for Economic Co-operation and Development, a club of 36 advanced nations. Read more here.
Top think-tank warns Rishi Sunak to avoid ‘act of self-sabotage’ in bid to repair battered public finances
Increasing taxes to pay for the Covid crisis would be ‘an act of self-sabotage’ which would derail Britain’s economic recovery, Rishi Sunak was warned last night. The Chancellor has repeatedly signalled that tax rises will be needed to repair the battered public finances. Read more here.
MPs try to ban ‘harmful’ words from the Internet in a new free speech row as critics argue new laws will ‘seriously threaten freedom and democracy’
New laws to ban ‘harmful’ words from the internet are unworkable and will ‘stifle’ freedom of speech, an influential report has found. Ministers’ plans to force blanket regulation on online companies and websites to protect people will not work, according to a new report by think-tank the Centre for Policy Studies. Read more here.