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...The recent jump in US productivity comes after a massive fiscal stimulus centred on green industry, a frenzied period of rehiring and a surge in new business formation in homeworking hotspots....
...UK for a short period of time....
...Marc FilippinoSam Fleming is the FT’s economics editor. Thanks, Sam. Sam FlemingThank you....
...However, a quarter of the 63 deals examined were worth 6 per cent or more....
...Hunt replied on the social media site X that this was “scaremongering” by a Labour party that was opposed to tax cuts for working people....
...“The bank must be proactive in encouraging a diversity of views and a culture of challenge.”...
...In 2023 it approved a $15.6bn aid package for Ukraine, the first time it had done so for a country at war....
...Clare Lombardelli, chief economist at the OECD, has been appointed a deputy governor at the Bank of England....
...Marc Filippino Sam Fleming is the FT’s economics editor. Thanks, Sam. Sam Fleming Thank you....
...“It is not a mass-market tax.”...
...“I am looking for more sustained progress on those three things,” Bailey said in a hearing before the Treasury select committee. “We have seen, I think, encouraging signs on them.”...
...Retail sales in Great Britain rebounded in January following a slump in December, suggesting the economy picked up some momentum after a weak end to 2023....
...The UK government racked up a smaller-than-expected budget surplus in January, giving the chancellor a tight fiscal backdrop to his upcoming budget....
...The public sector recorded a surplus of £16.7bn, according to the Office for National Statistics on Wednesday....
...“If a flight takes off then GB News will be covering it like it’s the moon landing,” said a Starmer ally....
...But he added that wages had been rising chiefly in response to higher living costs, with a tight labour market playing a lesser role....
...Hunt received a further set of projections from the OBR on Friday, teeing up a tight Budget without the scope for big pre-election giveaways that the Tories were hoping for just over a month ago.Treasury...
...The evening’s core pulse was fusion jazz, but le Fleming conjoined its many rhythmic shapes into a single piece....
...a postwar high of 38 per cent of GDP....
...“There is not a lot of consumer discipline on a large enough fraction of categories of services to represent active deceleration in services price inflation.”...
...of a growing population....
...The rebuke by Sir Robert Chote, chair of the UK Statistics Authority, came in a letter to Labour MP Dame Angela Eagle in response to her concerns about the claims....
...a big personal tax cut....
...A 1p cut in the 20p basic rate of income tax would cost £7bn a year, while a 1p cut in the main rate of employee national insurance contributions would cost closer to £5bn....
...While this cuts a further hole in the opposition’s spending plans, Labour had planned to couple its extension with further reforms that it said would raise a total of more than £10bn over a five-year period...
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