British Economy
The Medical Defence Union (MDU) welcomed news that the personal injury discount rate (PIDR) in Scotland and Northern Ireland is to be increased, potentially saving millions of pounds in the costs of compensation payments. Following a review, the Government Actuary has determined that, with effect from today, the PIDR in Northern Ireland and Scotland should be increased to +0.5%… Read more »
MINISTER Daniel Zeichner told a packed Rural Reception at the Labour Party conference today that his party’s MPs must repay the faith shown in them at the General Election. The Rural Affairs Minister, speaking to a full house at the joint BASC and Angling Trust event in Liverpool, said: “I can see many rural MPs… Read more »
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Home office minister Chris Philip has dismissed the International Monetary Fund’s (IMF) economic forecast for the UK, claiming the organisation’s predictions are “unduly pessimistic”. Mr Philp, the policing minister, said this morning that the UK has a “track record” of “consistently outperforming” the IMF’s forecasts — that is despite new figures showing the UK economy flatlined in… Read more »
In the Autumn Statement in November, Jeremy Hunt was the proud spokesperson of treasury orthodoxy. Outlining the most austere economic plan announced since George Osborne’s “emergency budget” in 2011, the very presence of “spreadsheet Jeremy” sent well-telegraphed signals to Britain’s financier class. The government’s hedonistic flirtation with Trussonomics — lenders were assured — had been as fleeting… Read more »
