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Can the ‘back-to-work’ budget boost economic growth in the UK?

By: The costs count

The Chancellor of the Exchequer has made getting the British back to work central to his plan for economic growth.

The UK economy is still in a worse state than it was before the pandemic.

One reason: More than half a million UK workers have disappeared from the labor market since the COVID-19 outbreak, despite unemployment at historic lows.

The collapse in productivity has been a crippling blow to the struggling UK economy. Now getting those lost workers back to work is central to the Treasury Secretary’s budget plan.

Elsewhere, President Joe Biden has said the banking system in the United States is safe, but he has also promised stricter rules for banks.

And we take a look at Australia’s precious submarines.