Hammond reveals Brexit may make UK poorer after Mizen Group warn of potential impact on construction
The Chancellor Philip Hammond this morning revealed that new government economic analysis suggests that the UK's economy will suffer as a result of any form of Brexit. The property sector is one area that may face particular difficulty and Mizen Group argued in their recent contribution to The Parliamentary Review that "EU migrants are necessary for the British construction industry to support the maintenance and expansion of economic activity."
Treasury release transport spending data after Omnibus call for increased use of technology
In the latest Transport Edition of the Review, two-time contributor Omnibus discussed how it is using technology to increase efficiency in public transport, a comment that appears increasingly relevant given the Treasuries report into the efficiency of government spending. The report stated that in London, the government spends over £1,000 per person on transport each year.
Invicta welcomes GDPR as MPs seize Facebook data documents
Attention has once again been drawn to privacy regulations and the protection of personal data after MPs, investigating the Cambridge Analytica data breach, seized a cache of Facebook documents. Invicta IT, who featured in the Review’s Technology edition, discussed the need for increasing regulation and how they have employed Varonis, a programme which helps to structure client data, to ensure all of their clients remain compliant.
Telensa say smart technology is needed, as smart meter installation hits a snag
After the Chair of the Business, Energy and Industrial Strategy Select Committee Rachel Reeves announced that the smart meter installation programme has met "massive delays", we reflect on the calls for the use of more smart technology in cities by Telensa during the recent publication of the Energy and Environment Edition of The Parliamentary Review
As MPs debate fisheries bill, the Shetland Fishermen’s Association provides food for thought
With the government’s Fisheries Bill currently being debated in parliament, the contribution the Shetland Fishermen’s Association to the 2018 Review takes particular relevance. The organisation, which “represents the interests of Shetland’s diverse fishing fleet”, had suggested that Brexit offered organisations like themselves greater freedom and Labour’s proposed amendment yesterday may make that prediction even more possible.
Cabinet meet to discuss withdrawal agreement, while Rees-Mogg urges Tories to ditch May
The cabinet held their first meeting today since the news on Friday that senior ministers Dominic Raab and Esther McVey had quit in the light of the prime minister's proposed EU withdrawal agreement. Theresa May, who recently brought Amber Rudd back into the cabinet and promoted Stephen Barclay to the role of Brexit secretary, listened to MPs concerns about the agreement, with a particular focus on the backstop arrangement.
ONS: Wages rising at fastest rate for ten years
The Office for National Statistics today announced that wages have risen at the fastest rate during the last three years for almost ten years. In their monthly economic commentary they declared that wages have risen by 3.2 per cent in the three months leading up to September, when compared with the same time period in 2017.
Armistice Day 2018
As we approach 11 o’clock on 11 November, so do we approach a remarkable and sombre moment of reflection and prayer. It will, of course, mark that moment when one hundred years ago, the Armistice came into force between the Allied powers and the German Empire, and the guns across the Western Front fell silent for the final time in the Great War.
Senior Tories say benefits cap must end
Several senior Conservative MPs have today told Theresa May that she must put an end to the benefits cap. The group of MPs told The Times that the cap, which was brought in by the former Chancellor George Osbourne, was "immoral" when the rise in cost of living is taken into account.
First shale gas extracted in the UK
Cuadrilla, the oil and gas exploration company, has announced today that it has extracted its first shale gas from its Lancashire site, after it began hydraulic fracturing operations just over two weeks ago. Chief executive Francis Egan has said that “This is a good early indication of the gas potential that we have long talked about. This initial gas flow is by no means the end of the story. However, it provides early encouragement that the Bowland Shale can provide a significant source of natural gas to heat Lancashire and UK homes and offices and reduce our ever growing reliance on expensive foreign imports.”
Hammond announces final budget before Brexit
The Chancellor Philip Hammond announced the final budget before next March's Brexit deadline in a speech that run for over an hour in front of a packed House of Commons. Hammond announced a series of new spending measures throughout the speech and quoted numerous forecasts from the OBR, which he said indicated the growing strength of the British economy.
Public Accounts Committee slams Universal Credit for causing “unacceptable hardship”
A report from the Public Accounts Committee has heavily criticised the government’s proposed Universal Credit system for causing “unacceptable hardship” and critiqued the Department for Work and Pensions for their “dismissive attitude to real-world experience.” The committee, chaired by Meg Hillier MP, has investigated the system twice since 2015 and examined whether the scheme constituted value for money, as well as the extent to which it studied the experiences of claimants.