Economy

British government borrowing costs have climbed at twice the pace of international peers this week, whilst sterling dropped to its lowest level since 2023, signalling mounting pressure on the UK economy. The benchmark 10-year UK…

Sainsbury's CEO Simon Roberts has issued a cautious stance on future recruitment amid mounting wage pressures, despite the supermarket giant celebrating its most successful Christmas trading period to date. The UK's second-largest…

Major British retailers saw more than £2 billion wiped from their market value as mounting cost pressures and economic uncertainties cast a shadow over the retail sector. Despite strong festive sales performances, retail giants Tesco and…

British government borrowing costs have surged to their highest levels since 1998, sparking concerns about the UK's economic outlook and putting pressure on Chancellor Rachel Reeves's fiscal headroom. The dramatic sell-off in gilt markets…

The British government attempted to quell market concerns on Thursday by reaffirming its commitment to fiscal rules, as UK borrowing costs reached levels not seen since the 2008 financial crisis. Treasury Minister Darren Jones addressed…

The Chancellor of the Exchequer, Rachel Reeves, made an unprecedented second public statement in as many days, asserting her "iron grip" on public finances amidst an intensifying bond market sell-off. The cost of government borrowing has…

British consumers are bracing for a significant uptick in food prices, with inflation forecast to exceed 4 per cent this year, according to the British Retail Consortium (BRC). This projection comes despite a reported 1 per cent decrease in…

The UK's financial landscape is facing mounting pressures as rising borrowing costs threaten to derail Chancellor Rachel Reeves' fiscal strategy mere months after her inaugural Budget. The situation has become increasingly precarious, with…

Rising government borrowing costs have pushed UK gilt yields to their highest level since 1998, potentially forcing Chancellor Rachel Reeves to implement additional public spending cuts at the upcoming March spring forecast. The yield on…

Rachel Reeves, the UK Chancellor of the Exchequer, is set to spearhead a prominent British ministerial delegation at the forthcoming World Economic Forum in Davos, signalling a robust push to attract international investment into the United…

British firms cut jobs at the sharpest pace in four years during December, following the Chancellor's budget measures that increased employment costs and dampened business confidence. The rate of job losses, excluding pandemic-related cuts,…

The chief executive of Next has issued a stark warning about "anaemic" sales and profit growth for the coming year, as tax increases from the UK Budget begin to impact one of Britain's largest retailers and the broader economy. Lord…

The United States has witnessed a surge in corporate bankruptcies, reaching levels not seen since the aftermath of the 2008 global financial crisis. The stark reality of elevated interest rates and diminished consumer spending has driven at…

Rachel Reeves, Labour's Shadow Chancellor, confronts mounting fiscal challenges as reports indicate a £6.4 billion shortfall in the government's finances. The revelation comes mere months after implementing a record-breaking £40 billion tax…

Major retail organisations Uniqlo, Gymshark and Lush have ceased their recruitment of freelance workers through gig economy applications following intense scrutiny from labour unions. The Trade Union Congress (TUC) raised significant…

The banking giant NatWest is poised to achieve a significant milestone as it approaches complete private ownership, marking the end of a 16-year journey since its £45 billion taxpayer bailout during the 2008 financial crisis. The…

British businesses are bracing for significant price increases in the forthcoming months as the recent Budget's tax and wage cost hikes have triggered a sharp decline in business confidence, according to the British Chambers of Commerce…

Britain is poised to experience economic growth in 2025, yet this recovery may not be robust enough to prevent the Labour government from implementing additional tax hikes before the next election, according to the Financial Times' annual…