uk economy

Social Care Sector Expands but Qualification Levels Fall, Report Finds

Social Care Sector Expands but Qualification Levels Fall, Report Finds

England’s adult social care sector continues to expand, contributing £77.8 billion to the UK economy in 2024/25, a 12.2% increase on last year, according to the latest Skills for Care report released today (15 October). The annual State of the Adult Social Care Sector and Workforce in England report reveals a 2.2% rise in total […]

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Labour MPs Slam Crown Estate for “Greed” and Favouring Foreign Workers in Offshore Wind Projects

Labour MPs Slam Crown Estate for “Greed” and Favouring Foreign Workers in Offshore Wind Projects

Labour MPs have accused the Crown Estate of acting out of greed and prioritising foreign workers over British firms in the leasing of sea bed areas for offshore wind farms. The Crown Estate, which manages the sea bed around England and Wales, is now facing a possible legal challenge from Greenpeace. The environmental group claims

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Treasury Plans New Innovation Tax Breaks Amid Productivity Downgrade Fears

Treasury Plans New Innovation Tax Breaks Amid Productivity Downgrade Fears

The Treasury is exploring plans to introduce fresh tax breaks for innovators and startups as part of efforts to boost Britain’s productivity and offset an anticipated downgrade in official forecasts. Officials in Chancellor Rachel Reeves’s department have been instructed to develop “pro-growth” policies to soften the impact of revised productivity estimates from the Office for

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Resolution Foundation: £20bn tax rises needed to stabilise UK finances

Resolution Foundation: £20bn tax rises needed to stabilise UK finances

The Chancellor should protect workers’ take-home pay while levelling the tax system, including a 2p cut in employee National Insurance (NI) funded by a 2p rise in Income Tax (IT) according to major new research from the Resolution Foundation. The think tank says the shift would raise £6 billion in a Budget expected to require

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Unemployment Rate Rises to 4.7% in UK Amid Signs of Labour Market Strain

Unemployment Rate Rises to 4.7% in UK Amid Signs of Labour Market Strain

Britain’s unemployment rate has climbed to 4.7%, the highest it has been in four years, while workers are also experiencing a continued slowdown in wage growth, according to official data. The Office for National Statistics (ONS) reported that UK unemployment rose by 0.1 percentage points in the three months to May, up from 4.6% in

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