#BankOfEngland dismisses #Tory claims #PublicSector #PayRises will stoke #inflation

Bank’s governor says planned awards of 5-6% would have relatively small impact on headline inflation

Bank of England cuts interest rates to 5% in first reduction since March 2020
https://www.theguardian.com/society/article/2024/aug/01/bank-of-england-dismisses-tory-claims-public-sector-pay-rises-will-stoke-inflation
#ToryEconomicIncompetence

#MentalIllness costs #England £300bn a year, study shows

Yearly cost to people, business and public sector found to be twice as big as #NHSEngland’s annual budge
https://www.theguardian.com/society/2024/mar/27/mental-illness-costs-england-300bn-a-year-study-shows
#ToryPoliciesInAction #ToryEconomicIncompetence

#UK company #insolvencies jump 17% to 2,102 in February

More than 2,000 #UKfirms went bust last month, nearly a fifth more than the same time last year, according to new official figures
https://www.theguardian.com/business/live/2024/mar/15/uk-competition-watchdog-investigate-barratts-proposed-redrow-acquisition-china-house-prices-berkeley-us-rate-cut-rethink-business-live
#ToryPoliciesInAction #ToryEconomicIncompetence

#Sunak refuses to say how abolition of national insurance would be funded – #UK politics live

PM says ‘people trust me on these things’ and refuses to be drawn on whether government would forgo entire £46bn raised from measure
https://www.theguardian.com/politics/live/2024/mar/07/conservatives-jeremy-hunt-budget-tax-rishi-sunak-kemi-badenoch-labour-uk-politics-live

#ToryPoliciesInAction ##Budget2024 #NationalInsurance #ToryEconomicIncompetence

Given their track record of failure it takes astonishing arrogance for the Conservatives to claim to be good at managing the economy | Andy Brown

#ToryEconomicIncompetence
https://yorkshirebylines.co.uk/politics/the-conservatives-have-got-it-wrong-wrong-and-wrong/