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Economy
UK Manufacturing Sector Hits Nine Month Low as Economic Pressures Mount
British manufacturing output contracted at its sharpest rate in nearly a year during November, highlighting deepening challenges within the sector as it navigates increased taxation and potential trade disruptions.
The S&P Global…
UK Concert Goers Face Steep Price Hikes as Ticket Fees Soar to 41%
British music fans are bearing the brunt of escalating ticket fees, with mark-ups reaching an unprecedented 41% above face value, according to recent analysis by The Observer. The entertainment industry's pricing strategy has sparked…
Climate Crisis Could Force First UK Town Centre Abandonment Due To Flooding
The historic market town of Tenbury Wells in Worcestershire faces an existential threat as recurring floods devastate local businesses, potentially marking it as the first UK town centre to be abandoned due to climate change-induced…
Trumps New Treasury Pick The Billionaire Who Once Broke The Bank of England
Scott Bessent, the 62-year-old billionaire hedge fund investor set to become the US Treasury secretary under president-elect Donald Trump, brings a remarkable history of market-moving prowess to one of the world's most powerful economic…
UK Housebuilders Brace for Fresh £3bn Pound Tax Rise Over Building Safety
British housebuilders are facing mounting pressure as ministers prepare to unveil a new £3 billion tax hike, mere days after Chancellor Rachel Reeves assured business leaders there would be no additional taxation following October's budget.…
Economic Powerhouses Falter as UK and Germany Face Similar Growth Challenges
Recent economic data reveals both Germany and the UK are grappling with significant growth challenges, positioning them at the bottom of the G7 economic performance rankings. Germany's cumulative growth since Q4 2019 stands at a mere 0.2%,…
Irish Coalition Government Set to Continue as Traditional Parties Maintain Power
Ireland's political landscape appears set for continuity as Sunday's general election positions the incumbent coalition for another term in power, backed by substantial corporation tax revenues that have enabled generous public spending.…
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…