Economy

In a significant move towards revolutionising the British workplace, one thousand UK workers are set to participate in the inaugural four-day week trial under the Labour government's watch. The groundbreaking initiative, commencing Monday,…

British investors withdrew nearly £1 billion from UK-focused stock funds in October, acting pre-emptively to avoid increased capital gains tax rates announced in Rachel Reeves' autumn budget. Data from Calastone, the world's largest…

A controversial gig economy platform has come under intense scrutiny for allegedly encouraging hospitality businesses to circumvent the UK's newly implemented fair tipping legislation and upcoming zero-hours contract regulations through its…

Russian exporters are increasingly embracing barter trade arrangements to circumvent payment delays stemming from Western sanctions imposed following Moscow's invasion of Ukraine. The shift comes as foreign banks distance themselves from…

The Federal Reserve appears ready to implement a quarter-point reduction in its benchmark policy rate next week, maintaining its strategic direction despite a skewed employment report and clouded economic policy outlook surrounding the…

Chinese authorities have launched an aggressive campaign to recover unpaid taxes from wealthy individuals and corporations, signalling a significant shift in the nation's fiscal policy amid economic pressures. The move comes as local…

British government bonds faced intense selling pressure on Thursday, driving borrowing costs to their peak levels for 2024, as investors grappled with the implications of Rachel Reeves' expansionary Budget plans. The 10-year gilt yield…

In a landmark fiscal announcement, Labour's Chancellor Rachel Reeves has unveiled a transformative budget featuring £40 billion in tax increases, marking a significant departure from previous Conservative policies. The comprehensive package…

The United Kingdom's escalating tax burden has pushed government revenues nearer to European Union levels than witnessed in decades, marking a significant transformation that Labour's Rachel Reeves is poised to amplify with substantial tax…

British long-term borrowing costs reached a post-election peak on Tuesday as financial markets prepared for Rachel Reeves' landmark first Budget. The chancellor is poised to unveil an ambitious plan to raise tens of billions of pounds for…

The oil prices fell sharply Monday, after Iran did not announce an immediate response to Israel's attacks on the country. Brent and US West Texas Intermediate crude futures have both fallen to their lowest levels since the September 11…

A retailer is rare even in this exclusive district of London's St James's Street. Among the gentleman's clubs, shops that sell top-end cigars and shotguns are a number of retailers who have specialized in selling these items. Sharps…

Rachel Reeves, in her next budget, will promise to reverse massive cuts in public investments after she confirmed rules that limit her spending power would be overhauled so the government could release up to £50bn in infrastructure…

Barclays' British High Street business performed better than expected, and its investment bank has resumed deal-making. This led to a larger than forecast increase in the lender’s quarterly profit. The FTSE 100 results on Thursday were a…

IMF warns that the gap between the US and European gross domestic products will widen by the end decade. It also sounded the alarm over the "lack" of business dynamism on the continent. In , the IMF's latest Economic Outlook for Europe,…

Rachel Reeves, at the International Monetary Fund will announce a plan for changing Britain's debt regulations that will allow the government to spend an additional £50bn on infrastructure projects. After weeks' worth of speculation the…

The UK's largest mortgage lender, which is also the country's largest bank by assets, has raised its expectations for house prices to rise this year. It has also posted a better-than-expected quarterly profit as customers are more…

The Bank of England Governor said that the UK must continue to experience a decline in the price of services from its current level. Andrew Bailey, speaking after the BoE's target of 2 percent for consumer price growth was missed,…