Mini-Budget: some big wins for business, but growth scepticism
Businesses welcome the cancellation of the Corporation Tax increase and measures to increase investment, but have doubts about the overall impact on economic growth.
Highlights...
PwC: UK workers face £1,400 inflationary hit to wages
UK workers braced for wages hit despite government plan to freeze household energy bills for two years, according to PwC.
Recession looks likely despite UK economy returning to growth
Latest official GDP estimate confirms that the UK economic growth rose in July after shrinking in June.
Chart of the week: before the emergency fiscal event
Our chart this week looks at how the budgeted deficit was supposed to play out according to the Spring Statement back in March, ahead of an emergency fiscal event expected within the next few weeks.