News & Events | WDM - Part 7

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2021 Autumn Budget – the economic picture November 17, 2021

Within his Budget speech, Chancellor Rishi Sunak announced the government’s intention to create high-wage, high-skilled jobs of the future. The Chancellor stated that the Budget and Spending Review will continue supporting people into work, with over £6 billion of funding for the Department for Work and Pensions (DWP) over the next three years to help
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2021 Autumn Budget – the political reaction November 17, 2021

Addressing the House of Commons, Chancellor Rishi Sunak used the 2021 Autumn Budget to announce new fiscal rules to ensure public finances ‘remain on a sustainable path’ during the ongoing recovery from the coronavirus (COVID-19) pandemic. In the Budget, the Chancellor outlined how the government intends to generate jobs, improve skills, build new homes and
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2021 Autumn Budget – the business reaction November 17, 2021

Business groups have reacted to Chancellor Rishi Sunak’s 2021 Autumn Budget speech. Responding to the speech, the Confederation of British Industry (CBI) stated that the Chancellor ‘showed a willingness to listen to business with measures that will get firms innovating and help the economy to grow’. However, Tony Danker, Director General of the CBI, warned:
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Chancellor delivers Budget to lay foundation for a strong economy November 17, 2021

Chancellor Rishi Sunak delivered a Budget to ensure the UK economy bounces back following the coronavirus (Covid-19) pandemic. The Chancellor announced that total departmental spending will grow by £150 billion per year in cash terms by 2024/25, marking the largest real term increase in overall departmental spending for any Parliament this century. Public research and
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Bank of mum and dad’ financing half of first-time purchases, research finds November 17, 2021

Research carried out by property group Savills has found that half of first-time buyer home purchases are financed by the so-called ‘bank of mum and dad’. Parents’ contributions towards buying a first home are likely to top £9.8 billion this year, Savills found. It said that rising house prices have only put pressure on first-time
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