Source: Sharecast
John Healey will argue the government’s plans to boost growth across the whole country will enable the British economy to “turn a corner” despite anxiety over volatile bond markets derailing Labour’s crucial first budget. The chancellor is expected to argue that fiscal discipline is “indivisible” from good growth, especially at a time of difficult global headwinds, amid concerns that his cautious approach jars with Andy Burnham’s more radical policy plans. - Guardian
The Business Secretary has ruled out financial support for Jaguar Land Rover (JLR) to protect thousands of jobs. Jonathan Reynolds said the Government would not stand in the way of redundancies if that was what was needed to make the carmaker competitive. It follows reports that the UK’s largest car manufacturer is to cut 4,000 jobs, with a major redundancy programme expected to be confirmed on Monday. – Telegraph
Family-owned manufacturing businesses are under threat from inheritance tax changes and high energy costs, a report says. Business owners could delay investment, restructure ownership or sell up because of tax liabilities rather than long-term business considerations, according to the report from Make UK, the manufacturers’ organisation, and Bishop Fleming, the accountancy firm. – The Times
Airline passengers could be left footing the bill for almost £600 million of cost overruns on Heathrow construction projects in a move that carriers have likened to writing the airport “a blank cheque”. An official report into the “capital efficiency” of Heathrow’s spending for the five-year period between 2019 and 2024 has found that projects were 61 per cent over budget. Yet in a move that has infuriated the airline industry, the study recommends that Heathrow shareholders be let off nearly all of the bill. – The Times