Wage Increases, Price Pressures
British businesses are voicing concerns over tax increases in Chancellor Rachel Reeves' latest Budget, which includes sharp rises in the National Living Wage and emplo...
National Insurance Squeeze
Chancellor Rachel Reeves appears set to raise taxes on up to 700,000 freelance workers through an increase in employers' National Insurance (NI), a move that could strain Labour...
Tax Hikes or Cuts Loom
Families across the UK may soon face up to £40 billion in tax hikes or severe spending cuts over the next decade, according to a warning from the Office for Budget Responsibility (OBR).
Prime Minister Sir Keir Starmer&n...
Economic Fallout
Mel Stride has strongly criticized Labour’s decision to impose VAT on private schools and to eliminate winter fuel payments for nearly 10 million pensioners, calling the measures “inept and cruel.”
Stride, a Tory ...
Inheritance Tax Overhaul
Anticipated inheritance tax changes by the Labour party have led to a surge in families distributing wealth. Chancellor Rachel Reeves’ mention of a £22bn fun...
Labour's £5bn Tax Recovery Plan
The Chancellor may give HMRC more power to monitor savers, investors, and freelancers for underpaid taxes. Rachel Reeves, with an expert panel, is exploring ways to improve HMRC’s efficiency.
One proposal...
UK’s Path to Prosperity
In a bold move to bolster UK infrastructure projects, Chancellor Rachel Reeves is launching a £7.3bn National Wealth Fund (NWF). The fund is designed to draw private investment, aimin...
Winter Recession Warning
Euro zone factories closed 2023 with an 18th consecutive month of contraction, per HCOB's final PMI (44.4, up from 44.2 in November). Persistent decline below 50 indicates ongoing economic chall...
Shipping Giants Hit Pause
Major companies, including BP, are temporarily halting Red Sea shipments due to recent attacks by Houthi rebels. BP underscores its commitment to safety, stating, "Our priority is the safety of our people. Due to the worsen...
Inflation Battles
Sainsbury's CEO, Simon Roberts, states that food inflation is decreasing and shoppers are responding positively to price cuts on basic items. Sainsbury's is fully committed to battling inflation and supporting customers in lig...
The ULEZ Expansion
London's ULEZ expansion, designed to combat air pollution, has triggered a heated debate. Covering more people in the outer boroughs, the plan faces legal challenges and concerns a...
Revamping Predictions
Bank of England's chief economist, Huw Pill, acknowledges forecasting model's failure in addressing Britain's inflation crisis due to inadequate assessment of Ukraine war's impact on prices and wages.
Inadequate Forecasting Mo...
Battle Against Inflation
Chancellor Jeremy Hunt has organized a meeting with industry regulators to tackle the problem of price hikes driven by rampant inflation.
The meeting, happening on Wednesday, will involve representatives from...
Britain's Mortgage Crisis
Britain's mortgage crisis has prompted government action, but concerns remain over the effectiveness of the response.
Meeting with Jeremy Hunt
In a high-stakes meeting, Jeremy Hunt hosted executives and regulators to addr...
Inflation Alert
Gillian Keegan, a Cabinet minister, highlights the significance of addressing inflation before implementing tax cuts. Speaking at the Margaret Thatcher Conference, she emphasizes the need for sound money and fisca...
UK inflation drops slightly in March
UK inflation dropped to 10.1% in March, according to the Office for National Statistics. While this is a slight improvement from the 10.4% recorded in February, it is still in d...
How price hikes are impacting popular restaurant chains in Britain
Dining out in Britain has become increasingly expensive in recent months as restaurants and pubs struggle with rising costs. Some of the popular chains, including McDonald's, Wethers...
Crisis in banking sector
In the aftermath of the collapse of Silicon Valley Bank and a rescue deal for Credit Suisse, an analyst has argued that the world is heading towards a crisis that is "far worse" than t...
The UK economy
The UK government is taking steps to minimize the economic impact of the recent bankruptcy of Silicon Valley Bank (SVB), one of the largest US banks.
Jeremy Hunt said that the government is working at a fast pace to respond to the fa...
Rough sleeping in United Kingdom
Crisis, a leading homelessness charity in the UK, the government is likely to miss its target of ending rough sleeping in England by 2024.
The charity...
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