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Economy
French Prime Minister Opens Door to Pension Reform Reversal as Budget Crisis Looms
In a significant policy shift, French Prime Minister François Bayrou has signalled his willingness to renegotiate Emmanuel Macron's contentious pension reforms, which raised the retirement age from 62 to 64. The move comes as Bayrou seeks…
London West End Retailers Face Critical Business Rates Challenge As £445 Million Pound Increase…
Prominent retailers in London's prestigious West End have issued a stark warning to the government regarding impending business rates reforms, projecting a staggering £44.5 million annual increase in property bills that could trigger…
German Foot and Mouth Disease Outbreak Disrupts Global Meat and Dairy Trade
Germany's first foot-and-mouth disease outbreak in over three decades has triggered international export restrictions on its meat and dairy products, delivering a significant blow to the EU's largest economy. The outbreak, which originated…
Labours Bold Vision to Transform Britain into a Global AI Powerhouse Faces Significant Hurdles
The Labour Party's ambitious strategy to position Britain as a leading artificial intelligence superpower is encountering substantial challenges, ranging from energy infrastructure constraints to data privacy concerns.
Sir Keir Starmer's…
Labour Chancellor Takes Aim at UK Regulators Over Growth Stifling Rules
Chancellor Rachel Reeves is set to intensify pressure on British regulators this week, demanding they eliminate rules perceived as barriers to economic growth. The move comes amidst mounting criticism from the business sector regarding the…
UK Bond Markets Signal Warning Signs for Labour Government as Investors Demand Clear Growth Strategy
The British economy faces mounting pressure as market confidence continues to deteriorate, spreading from business sectors to financial markets. In a significant development last week, investors initiated a substantial sell-off of gilts…
UK Bond Yields Surge at Double the Rate of Global Counterparts as Sterling Weakens
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…
Sainsburys Chief Sounds Warning on Employment as Christmas Sales Soar
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…
UK High Street Retailers Lose £2 Billion Pounds Amid Economic Concerns and Rising Costs
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…
UK Bond Market Turmoil Signals Economic Headwinds as Gilt Yields Soar to 27 Year High
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…
UK Treasury Moves to Calm Bond Markets as Borrowing Costs Hit 15 Year Peak
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…
Rachel Reeves Declares Iron Grip on Public Finances as UK Borrowing Costs Soar to 15 Year High
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…
Food Price Rises Set to Hit British Consumers as Government Policies Drive Inflation Higher in 2025
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…
Bond Market Pressures Cast Shadow Over Rachel Reeves Fiscal Plans
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…
UK Government Borrowing Costs Soar to 25 Year High Putting Pressure on Chancellor
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…
UK Chancellor Rachel Reeves To Lead British Delegation at Davos 2025 Economic Forum
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…
Companies Slash Jobs at Highest Rate Since 2021 as Budget Impact Bites
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,…
Next Warns of Subdued Growth as UK Budget Tax Rises Begin to Bite
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…