Joe Biden’s pick for key economic adviser is ‘phenomenally incompetent’ and had ‘frequent episodes of yelling and swearing,’ former staff claim Biden has selected Heather Boushey to be top economic advisor She is chief executive and co-founder of the Washington Center for Equitable Growth Former coworker accused her of damaging careers of people who ‘stand up … Read more
Keir Starmer accuses Boris Johnson of ‘suppressing’ evidence on economic hit from lockdown tiers amid clamour for ‘secret’ dossier to be released Sir Keir Starmer challenged Boris Johnson to release Covid economic dossier He accused PM of ‘trying to suppress the evidence of what is actually going on’ He said if PM does not publish … Read more
Keir Starmer accuses Boris Johnson of ‘suppressing’ evidence on economic hit from lockdown tiers amid clamour for ‘secret’ dossier to be released Sir Keir Starmer challenged Boris Johnson to release Covid economic dossier He accused PM of ‘trying to suppress the evidence of what is actually going on’ He said if PM does not publish … Read more
Boris Johnson faces major revolt from MPs after dossier on tier system’s economic impact is slammed for containing no new information Ministers had hoped a 48-page report would head off Tory mutiny over the plans Critics say dossier does not shed enough light on likely impact of tiered system Sources conceded dozens of Tory MPs … Read more
Rapid economic recovery next year could allow Rishi Sunak to delay tax rises until 2022, ministers hope Chancellor Rishi Sunak refused to commit to the Tories’ triple tax lock Senior Treasury ministers are waiting until the end of the coronavirus pandemic A source told The Telegraph tax rises would not come any time soon Mr … Read more
Rishi Sunak has developed a flinty side. Unveiling his spending review yesterday, he displayed a grave, gritty mien. Previous Sunak speeches have been sadder affairs – all puppy-dog eyes and regretful delivery. But this time he coarsened his voice and stiffened his brow. He seemed older, weightier, more substantial. High office has hardened him. There … Read more
‘Our health emergency is not yet over,’ the Chancellor of the Exchequer said yesterday. ‘And our economic emergency has only just begun.’ Facing the steepest downturn since the Great Frost of 1709 – a slump in output of 11.3 per cent – Rishi Sunak said he was ready to spend, spend, spend to drag the … Read more
Get a Brexit deal or make coronavirus damage to the economy even worse: economists warn ministers that failing to get a trade deal with the EU by December 31 will further damage jobs and productivity The Office for Budget Responsibility (OBR) released economic outlook today Said UK GDP could fall extra 2% if no agreement … Read more
A secret government memo has warned of a ‘systemic economic crisis’ when Britain leaves the European Union in the midst of the coronavirus pandemic’s second wave. The Cabinet Office dossier raises the spectre of a perfect storm: ‘severe flooding, pandemic influenza, a novel emerging infectious disease and coordinated industrial action, against a backdrop of the … Read more
Tough coronavirus restrictions stalled UK’s economic recovery from October onwards but vaccine good news is set to boost rebound, says Bank of England chief economist Andy Haldane said ‘rollercoaster’ year will be capped with a ‘small contraction’ He said activity slowed in fourth quarter because of distancing and tiered curbs However he pointed to November … Read more