A Treasury spokesman said: “Capping the rate of corporation tax, establishing a National Wealth Fund and creating pension megafunds is just the start of our Plan for Change which will get Britain building, unlock investment and support business so we can raise living standards and make all parts of the country better off.”.
Against this backdrop, European leaders have voiced the need to increase defence spending in response to the US being less willing to take the lead on Europe’s defence, which will likely result in greater government borrowing.
For European funds the same stat is 40pc – this includes the UK, so the UK has driven the exit out of Europe,” Mr Galou said.
“The US pushing ahead and engaging with Russia over a deal in Ukraine has instilled a sense of urgency among European leaders,” analysts at ING Economics said.
Another 1.1m people were claiming Employment and Support Allowance (ESA) for at least five years as of August 2024, a legacy benefit also mostly handed to claimants who do not have to seek work.
