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Economy
Non Dom Tax Changes May Miss Treasury Target of 33 Billion Pounds
The Chancellor's ambitious £33 billion tax raid on non-domiciled individuals is likely to generate less revenue than initially forecast, according to leading legal experts, as wealthy individuals prepare to leave the UK in response to…
Mortgage Crisis Looms as Millions Face Higher Payments in Next Three Years
More than 4.4 million British homeowners are bracing for significant increases in their mortgage payments over the next three years, according to a stark warning from the Bank of England. The impact will be particularly severe for an…
Is France Teetering on the Edge of a Financial Crisis Similar to Greece
The French financial landscape is experiencing unprecedented turbulence as borrowing costs have surpassed those of Greece, raising serious concerns among international investors. The political paralysis gripping the nation, coupled with its…
French Political Crisis Sends Markets Into Tailspin as Government Faces Collapse
French financial markets tumbled on Wednesday as mounting concerns over Prime Minister Michel Barnier's government stability rattled investor confidence. The political turbulence stems from a contentious draft budget proposal featuring €60…
Bank of England Rules Out Interest Rate Forecast Publication in Major Reform Plan
The Bank of England has indicated it is unlikely to publish interest rate forecasts from its monetary policy committee as part of its comprehensive operational overhaul. Clare Lombardelli, deputy governor, expressed concerns that such…
Labour Budget Sends Shockwaves Through British Business Community as SMEs Face Tough Decisions
British businesses are grappling with the harsh reality of Labour's recent budget announcement, as company owners across various sectors reveal the significant impact of Rachel Reeves's tax measures on their operations.
The hospitality…
Professional Services Sector Emerges as Primary Engine of UK Economic Growth 2024
The UK's professional services sector has established itself as a crucial catalyst for economic growth in 2024, demonstrating remarkable resilience whilst other sectors face mounting challenges. Official data reveals the sector achieved a…
Inheritance Tax Shake Up Could Spell Relief For British Farmers
The Institute for Fiscal Studies (IFS) has proposed a temporary inheritance tax holiday for farmers, addressing concerns over recent government changes to agricultural taxation. This recommendation comes in response to Chancellor Rachel…
Labour Chancellor Pledges No New Business Tax Rises After £40bn Budget Impact
Rachel Reeves, the Chancellor of the Exchequer, faced a challenging reception at the Confederation of British Industry (CBI) conference as she defended her recent £40bn tax increase whilst promising no further business tax rises. Speaking…
British Retailers Brace for Cautious Christmas Trading as Consumer Confidence Wavers
British retailers are steeling themselves for what industry experts predict will be a restrained festive trading period, with mounting concerns over household energy costs and housing expenses weighing heavily on consumer sentiment. The…
UK Cost of Living Crisis Set to Intensify Despite Economic Promises
British households are bracing for renewed financial pressures as economists forecast inflation could reach 3% by 2025, despite Labour's claims of economic stabilisation. The current rate of 2.3% marks a significant improvement from the…
Budget Triggers Private Sector Contraction and Retail Sales Decline in Great Britain
The private sector in Great Britain has experienced its first contraction in 12 months, with businesses pointing directly to tax increases announced in Labour's inaugural budget. The downturn, coupled with declining retail sales, signals…
UK Households Face 21 Pound Energy Price Hike as Ofgem Raises Price Cap for January
British households are bracing for another increase in their energy bills as Ofgem announces a 1 per cent rise in the price cap, pushing typical annual costs up by £21 to £1,738 from January 2025.
The regulatory adjustment, marking the…
US Economy Surges to 31 Month Peak After Trump Victory
The American economy has achieved its highest output level in 31 months following Donald Trump's election victory, driven by his promises of tax reductions, tariffs, and deregulation. The composite purchasing managers' index (PMI) for the…
British Economy Stalls as Business Leaders React Negatively to Labour Budget
Fresh economic data reveals the UK economy has ground to a halt amidst growing concerns over tax increases announced in Rachel Reeves's recent budget. The private sector witnessed activity plummet to its lowest point in 13 months during…
Storm Bert Wreaks Financial Havoc Across British Transport and Infrastructure Networks
Major disruptions across the United Kingdom's transport infrastructure have sparked significant economic concerns as Storm Bert unleashes its devastating combination of heavy snowfall, torrential rain, and winds reaching 70mph.
The…
Marine Le Pen Warns of Government Overthrow in French Budget Crisis
French far-right leader Marine Le Pen has issued a stark warning to Prime Minister Michel Barnier's government, threatening to initiate its collapse over contentious budget proposals. The National Rally leader's ultimatum centres on…
UK High Street Giants Alert Chancellor to Seven Billion Pound Budget Impact
Major British retailers, including retail powerhouses Tesco, Boots, Next and Marks and Spencer, have collectively approached Chancellor Rachel Reeves, expressing grave concerns over the £7 billion annual cost burden stemming from recent…