Businesses gripped by Brexit inertia

More UK firms plan to downscale business investment in the event of a no-deal Brexit, the British Chambers of Commerce (BCC) has claimed. The BCC polled 1,590 businesses of all sizes and sectors and found that 24% would revise investment plans down, while only 4%...

Carers’ allowance in line for reform

Changes could be made to the carers' allowance, following a select committee's stinging criticism of the Department for Work and Pensions (DWP). The carers' allowance is paid to people who provide more than 35 hours a week of care, usually for a family member who...

Firms urged to step up no-deal preparations

The Confederation of British Industry (CBI) has warned that 24 of 27 areas of the UK economy face disruption in the event of a no-deal Brexit. It issued the warning in a report, which also contained 200 recommendations to advise what measures businesses can take to...

New Prime Minister should ‘incentivise business investment’

A number of business groups have set out their wishlists for policy changes to be put in place by the new Prime Minister. Boris Johnson became Prime Minister on 24 July 2019, and has made several changes to cabinet roles. This included the appointment of Sajid Javid...

OBR: no-deal Brexit could cost £30bn in public borrowing

A no-deal Brexit could increase public borrowing by £30 billion a year compared to leaving the EU with a deal, according to a report from the Office for Budget Responsibility (OBR). This is based on the assumption that a no-deal scenario could cause a recession, as...