Tag: National Insurance

BusinessGovernmentPolicy

UK Government Announces Business Deregulation Push Amid Mixed Reactions

The UK government has unveiled plans to reduce administrative burdens on businesses, claiming the measures will save firms nearly £6 billion annually. Business Secretary Peter Kyle insists the approach balances worker protections with business needs amid criticism from industry groups.

Government Pushes Business Deregulation Agenda

The UK government is moving forward with significant deregulation measures aimed at reducing administrative burdens on businesses, according to reports from the Treasury. Business Secretary Peter Kyle has defended the government’s approach, telling BBC Radio 4’s Today programme that the changes would be implemented in a manner that is “pro-worker and pro-business.”

by Ethan Reynolds PhD
EconomyGovernmentPolicy

UK Public Sector Borrowing Hits Five-Year September High Amid Rising Debt Costs

UK public sector borrowing surged to £20.2 billion in September, marking the highest level for that month in five years. The increase reportedly stems from rising debt interest payments that outpaced gains in tax and National Insurance revenues. Fiscal year borrowing has now reached £99.8 billion, according to official statistics.

September Borrowing Reaches Five-Year Peak

The UK government’s borrowing requirement hit £20.2 billion in September, representing the highest level for that month in five years, according to the latest official figures. The Office for National Statistics (ONS) reported this represents a £1.6 billion increase compared to September of the previous year, indicating continued pressure on public finances.

by Ethan Reynolds PhD