Labour's drive to tackle inefficiency under fire
THE Chancellor has been accused of cooking up a desperate war on waste to cover up her Budget blunders fallout. Rachel Reeves will lead a drive to tackle waste and inefficiency across the public sector. But the Tories blasted the move as a political stunt to mask spiralling debt and a series of economic own goals.
Business confidence hits a two-year low
Adding to the pressure, a Deloitte survey showed business confidence among top finance chiefs has slumped to a two-year low. Firms are slashing spending and freezing hiring in response to Labour’s national insurance raid. The study found 64 per cent of CFOs expect recruitment to shrink, with cost-cutting their top priority.
Shadow business secretary calls war on waste a 'desperate stunt'
Shadow business secretary Andrew Griffith criticized the war on waste as a desperate stunt. He highlighted various issues, including high borrowing costs wiping out tax rises and the impact on businesses, pensioners, and families due to the Budget decisions.
Treasury chief secretary defends the need for the war on waste
Treasury chief secretary Darren Jones defended the necessity of the war on waste, citing bloated government departments and the need for new ways to save cash to repair years of mismanagement.
