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35 headlines found — Page 3 of 3

Guido Fawkes4 Mar 2026

Lord Frost Steps Down as IEA Director General

Lord Frost is stepping down as Director General of the Institute of Economic Affairs. He took on the role just two months ago… He said this morning: “The Institute of Economic Affairs is a great organisation which has a real capacity to influence the debate about Britain’s economic future.  I regret that personal commitments mean that…

Economy
Guido Fawkes3 Mar 2026

Think Tanks Blast Reeves’ Bleak Spring Statement

The reactions from Westminster’s think tanks are in. It’s a bad day to be a humble wonk hoping for some growth and stability. Deep breath… The Adam Smith Institute’s Joanna Marchong: “The Chancellor has convinced herself of economic stability based on deeply outdated forecasts. It is a Statement written by spin doctors, not economists. After…

PoliticsEconomyHealthcare
Guido Fawkes3 Mar 2026

OBR Revises Labour Tax Burden Up Again to Reach Record Postwar High

From the OBR’s forecast: “Taxes are forecast to increase from 36% of GDP this year to 38% by the end of the forecast, with personal taxes accounting for half the increase. The projected 2030-31 level would be a historical high in the UK and almost 6% of GDP above the pre-pandemic level.” Higher taxes will…

EconomyDefence
Guido Fawkes3 Mar 2026

LIVE: Spring Statement 2026

Guido will be live-blogging throughout, so refresh the page for the latest updates. Not a pretty economic picture as Reeves stands at the despatch box…  UPDATE: Says she will meet leaders from the North Sea oil and gas industry tomorrow to “discuss the implications they face.” On operations in the Middle East: “I is incumbent on…

Economy
Guido Fawkes3 Mar 2026

Gilt Yields Jump and Interest Rate Cut Expectations Slashed Ahead of Reeves’ Spring Statement

Reeves will deliver her Spring Statement at around 12:30 p.m. The Treasury spent months planning for it to be policy and news-free in general. Man plans, God laughs… Events have led to some highly unwelcome economic statistics: 10-year gilt yields are up 0.176 today. 25-year gilt yields are up 0.175 today. 2-year gilt yields are…

Economy
Guido Fawkes2 Mar 2026

Business Leader Confidence Slides on Day Before Reeves’ Spring Statement

The day before the Spring Statement – for which the Treasury has undergone extreme efforts to keep as quiet as possible so far – the readout from business leaders has turned sour. Who could have predicted that… The Institute of Directors measures business leader optimism every month. Its rating decreased to -63 in February compared…

Economy
Guido Fawkes27 Feb 2026

Tobacco and Alcohol Revenue Plummets as Reeves Creates New Black Hole

Latest figures released by HMRC on tobacco and alcohol duty show that the Exchequer is facing an increasing black hole in its sin tax revenue and nanny state policies are inflating a huge black market. As Guido has been warning for some time now… Tobacco duty revenue is down from £10.4 billion to £7.9 billion.…

EconomyDefence
Guido Fawkes26 Feb 2026

Labour Government Splashes £37 Million on Social Media Adverts in Just One Year

The HM UK Government spent an eye-watering £36,825,288 of taxpayer cash on social media advertising in 2025. Got to keep the people updated on those U-turns somehow… Labour spent the most amount of cash on Google adverts at £16 million, while TikTok spend ramped up in the final three months of the year to £259,102…

Economy
Guido Fawkes26 Feb 2026

World Economic Forum CEO Steps Down Over Epstein Ties

Borge Brende is stepping down as CEO of the World Economic Forum over his links to Jeffrey Epstein. Another one bites the dust… “I am grateful for the incredible collaboration with my colleagues, partners, and constituents, and I believe now is the right moment for the Forum to continue its important work without distractions.” Brende…

Economy
Guido Fawkes25 Feb 2026

Simon’s Sketch: Punch the Monkey Tries on a Gorilla Suit for PMQs

What a sight the Treasury bench made. The lost souls sat in a particular purgatory, not actually dead but lacking any vital signs. Rusty Reeves was possibly on the edge of another melting moment (it was too much to hope for). Lisa Nandy, setting the theme, stared into Ed Miliband’s abyss. Who knows what horrors they…

Economy
Guido Fawkes25 Feb 2026

Taxpayers Cough Up £5 Million in Exit Packages for Senior NHS Staff in Just One Year

Taxpayers have forked out at least £4.95 million in golden goodbyes for senior civil servants in the NHS. According to health minister Karin Smyth, in the year 2024-25 there were 33 exit payment cases disclosed by integrated care boards which were of a value of £150,001 or more. Eye-watering… For context, there are currently 42…

EconomyHousingHealthcare