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OBR chair Richard Hughes resigns over Budget day publishing error
Archie Mitchelland Rachel Clun,Business reporters BBC/House of Commons Richard Hughes said he took “full responsibility” for the shortcomings identified in the report; Rachel Reeves thanked him for his service The chairman of the Office for Budget Responsibility (OBR) has resigned following the Budget day error which saw a key document published early. Richard Hughes said…
Fracking transforms an Argentine town but what about the nation?
Matías Zibell GarcíaBusiness reporter, Añelo, Argentina Matías Zibell García The Argentine town of Añelo has a bull statue that symbolises the region’s economic potential Mechanic Fabio Javier Jiménez found himself in the right place at the right time. When his father moved their family-owned tyre repair shop to the rural Argentine town of Añelo, it…
Electric Car Grant : £1.3bn boost for EV scheme expected in Budget
The government is expected to announce an extra £1.3bn in funding for a scheme encouraging the use of electric vehicles (EVs) at next week’s Budget. The Electric Car Grant scheme started in July as part of the move to zero emission vehicles. The government says it has helped 35,000 switch to EVs. However, early research…
UK forecast to be second-fastest growing economy in G7 – IMF
Faisal IslamBBC Economics Editor Getty Images Chancellor Rachel Reeves said, despite the IMF’s upgrade to UK economic growth, “for too many people, our economy feels stuck” The UK is forecast to be the second-fastest growing of the world’s most advanced economies this year, according to new projections from the International Monetary Fund (IMF). The rates…
