UK politics, reform movement, and economic policy by Richard Tice
Energy company used Welsh pension funds for £60 million dividends, Richard Tice notes
An energy firm that did not build any wind farms paid around £60 million in dividends, using investment from Welsh pension funds. Richard Tice called for a thorough investigation into ...
Richard Tice: Budget borrowing £20bn above OBR forecast at £133bn
Borrowing outlined in the Budget is nearly £20bn higher than the Office for Budget Responsibility's March forecast, reaching £133bn, and £65bn higher over the next four years, according to ...
UK risks financial strain and blackouts amid energy concerns, Richard Tice argues
Richard Tice expressed concern over the current economic situation in the United Kingdom, highlighting rising national debt, falling real disposable income, and the prospect of blackouts along ...
Richard Tice: Families face strongest squeeze in over a decade since 1950s
Richard Tice stated that families in Britain are experiencing the strongest financial squeeze in over a decade, the most severe since the 1950s. Tice also accused both the Conservative and Labour ...
Households expected to face annual declines in well-being until 2031, Richard Tice argues
Richard Tice stated that every household is worse off this year and projected that every household will be worse off in each year until 2031 compared to the Office for Budget Responsibility (OBR) ...
Richard Tice: Grid balancing cost now exceeds £200 per household due to renewables
The cost to balance the energy grid system in the U.K. has now risen to over £200 per household annually, which Richard Tice attributes to the impact of renewables. Tice states that total grid ...
U.K. government borrowing in September reached £24.5 billion, Richard Tice says
U.K. government borrowing reached £24.5 billion in September, the highest monthly figure since the general election. Richard Tice added that total government borrowing for the year to date ...
Richard Tice: £80 million spent on balancing costs due to Net Zero policies
Richard Tice criticized Net Zero policies, claiming they forced the National Electricity System Operator (NESO) to spend £80 million of taxpayers' money in just two days on balancing costs to ...
Wind farm constraint payments reach record levels, Richard Tice notes
Richard Tice highlights that wind farms in the U.K. are receiving increasing constraint payments, with total payouts reaching a record $1.5 billion so far this year. He points out that on one ...
Richard Tice: Calls for Thames Water to enter special administration
Richard Tice urges that Thames Water be placed into special administration for a total of £1. He insists that all shareholders and debt holders should lose 100 percent of their investment and ...
Bond market faces surge in 10 year government debt cost, Richard Tice warns
Richard Tice warns that Labour has unsettled bond markets, leading to a surge in the cost of 10 year government debt. According to Tice, comments from Burnham have alarmed investors. This has ...
Richard Tice: GDP growth cut to 1.2 percent for 2025
Richard Tice highlights that recent GDP figures have been revised, with growth for 2025 now set at just 1.2 percent. Tice also notes that real GDP disposable income per person is expected to ...
Over 500 landlords exiting private rentals per day, Richard Tice warns
Richard Tice highlights a significant movement of landlords departing the private rental market, estimating that over 500 are leaving each day. According to Tice, new restrictions introduced by ...
Richard Tice: U.K. has outpaced Germany, France, Italy in post-Covid growth
Richard Tice states that the U.K. has experienced faster economic growth than Germany, France, and Italy each year since Covid, despite overall low growth rates. According to Tice, these European ...
U.K. government borrowing figures surpass forecasts in August, Richard Tice states
Richard Tice highlights that U.K. government borrowing reached £18.3 billion in August, surpassing the OBR forecast of £14.8 billion by 24%. He further cites that the projected borrowing for ...
Richard Tice: Bank of England quantitative tightening has cost taxpayers £50 billion since early 2024
Richard Tice calls for the Bank of England to immediately halt further quantitative tightening, stating that he has urged this action since early 2024. According to Tice, the policy has already ...
Reform gains major financial backing to continue campaign, Richard Tice states
Richard Tice states that predictions of Reform's demise have been proven wrong this weekend. He credits the generosity of Ben Delo and others for helping to build a substantial financial war ...
Richard Tice: U.K. production and construction decline in latest GDP figures
Richard Tice reports that recent U.K. GDP figures show worrying trends in key sectors. According to Tice, production and construction both fell by 0.5% over the last three months. Over a ...
Net zero grid overhaul could drive up consumer bills, Richard Tice warns
Richard Tice warns that planned net zero grid upgrades are causing major divisions within the energy industry, with costs projected to reach £200bn. He argues that the project risks significant ...
Richard Tice: Miliband blamed for economic harm to British firms trading in U.S.
Richard Tice alleges that Miliband's approach toward individuals accused of antisemitism is already resulting in serious economic consequences for British companies trading in parts of the U.S. ...
JLR to cut 4,000 jobs as chancellor remains optimistic, Richard Tice notes
Richard Tice highlights the contrast between the U.K. chancellor’s optimistic view of the economy and the recent announcement by JLR of 4,000 job cuts. He suggests that the actual state of the ...
