Live Breaking News & Updates on Spring budget 2021

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There are savings to be made in the NHS, but nurses' pay is not one of them

An insulting 1 per cent offer will be more likely to lead to a loss of key workers, just when the NHS needs them most

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Bank of England should not be made to go green, warns Mervyn King


Bank of England should not be made to go green, warns Mervyn King
The former Governor said pushing officials to go eco-friendly could be ‘a slippery slope’ and undermine the Bank's independence
12 March 2021 • 6:00pm
Rishi Sunak’s move to give the Bank of England eco-friendly responsibilities risks undermining the institution’s independence, Lord King has warned.
The Bank could have to buy bonds of green companies while shunning fossil fuel firms, due to a new requirement from the Chancellor for it to consider the environment in its policy decisions.
The former Governor said the Government should be doing more on the climate instead of passing the buck to Threadneedle Street.

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'Avoid ideological battles and do what works', Tees Valley mayor tells Tories


Meet the young Tory mayor trying to breathe new life into Britain's battered industrial heartland
For 34-year-old Tees Valley mayor Ben Houchen, freeport victory in the Budget is the start of an economic transformation
Ben Houchen was elected Tees Valley mayor in 2017 at the age of 30
Credit: Mark Pinder
Get Carter – a harrowing cinema portrayal of the criminal underworld in the North East of England – was released 50 years ago this week.
The movie’s celebrated opening – Michael Caine in a first-class train carriage, speeding up the East Coast mainline to a haunting soundtrack – emphasised the vast gulf between the bright lights of London and the industrial decline and slate-grey skies of the North East.

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'Perverse' that investment in illiquid assets is not offered to all DC members


So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Super Rishi to the rescue? Fears campaign to ramp up business investment will fail to lift off


The Chancellor’s much-hyped Budget superdeduction may yet prove a damp squib according to economists
7 March 2021 • 5:00am
A year ago Rowan Crozier watched his orders plunge by more than half overnight as Covid-19 blitzed sales, but now the manufacturing chief has an eye on the future.
The head of Brandauer, a 158-year-old firm which makes metal components for 80pc of the world’s electric kettles, was already looking to invest in new high-speed power presses – costing up to £250,000 each – after contract wins.
Chancellor Rishi Sunak’s surprise largesse to encourage business investment in the Budget has helped cement the plans. “When I see something that’s too good to be true invariably it is, but it sounds good to me. It’s certainly making us think again and accelerate,” he says.

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Change in government borrowing policy 'could boost pension funds and save taxpayers billions'


So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
Find whitepapers

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This Budget puts green growth centre stage


This Budget puts green growth centre stage
Measures such as the 'super deduction' will help businesses even as we look to restore the public finances
4 March 2021 • 10:00am
Coronavirus has impacted our economy and our society acutely: the economy has shrunk by a record 10pc, unemployment has sadly spiked and borrowing is at the highest it has ever been outside wartime. The support this Government has put in place to protect jobs and livelihoods throughout this difficult period has been exceptional – the challenge is now to implement pro-growth, pro-innovation policies to support the economy in the short term and fix the public finances in the medium-term.  

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