The Facts

An Autumn Statement is an update from the Chancellor to MPs on the government’s taxation and spending plans.

Fiscal drag occurs when inflation and earnings rise, but tax thresholds or tax bands do not increase with inflation.

There is no right to strike under UK law. However, under Article 11 of the European Convention on Human Rights, everyone has…

The ‘default tariff cap’ – widely called the energy price cap – determines the maximum price per unit customers can pay for…

A windfall tax is levied against companies deemed to have made excessively high profits, or a ‘windfall’, from circumstances they themselves did not engineer. Learn more here.

Financial services are the economic services provided by the finance sector to individuals, households and firms in order to facilitate various kinds…

The Confederation of British Industry (CBI) is a non-profit organisation which represents the interests of 190,000 business, making it the largest such…

In June 2014, then-Chancellor of the Exchequer George Osborne stated that England’s northern cities were ‘collectively not strong enough’ and argued that…

HS2 (High Speed 2) is a planned new high-speed railway line between London and the midlands and north of England, comprised of…

Nord Stream 2 is a system of two offshore natural gas pipelines running from Ust-Luga in Russia to Lubmin in Germany. This…

The MFF – or Multiannual Financial Framework – is the overall EU budget for every seven-year period, setting out funding for the…

Cabotage refers to the transportation of goods between two places within the same country, by a company from another country. Under EU…