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Economy
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…
Budget Changes Set to Drive Surge in Business Insolvencies Says Begbies Traynor Chief
The recent budget announcement could prove to be the breaking point for many struggling UK businesses, according to Ric Traynor, executive chairman of leading corporate restructuring firm Begbies Traynor.
The chancellor's decision to…
European Welfare State Faces Critical Threat as Economic Growth Continues to Decline Lagarde Warns
The European Union's cherished welfare state system faces mounting pressure as persistent economic decline threatens its sustainability, according to European Central Bank President Christine Lagarde. Speaking in Paris on Monday, she…
UK Prime Minister Meets Chinese President Xi Promising Stronger Economic Ties
Sir Keir Starmer's recent meeting with Chinese President Xi Jinping at the G20 summit in Rio de Janeiro marks a significant shift in UK-China relations. The British Prime Minister's pledge to build "consistent, durable, respectful"…
Global Lithium Giant Says Western Nations Cannot Break Free From Chinese Critical Minerals Dominance
The world's largest lithium producer, Albemarle, has declared that establishing a North American and European supply chain to challenge China's dominance in critical minerals is economically unfeasible.
Chief Executive Kent Masters…
How Britain Should Respond to Donald Trumps Global Trade Tariff Threat
The looming spectre of Donald Trump's proposed global tariffs presents a significant challenge for British trade policy. The former president's campaign promise to implement sweeping tariffs of 10-20% on all imports, including those from…
Bank of England Governor Warns Labour Market Data Crisis Poses Substantial Problem
The Bank of England's ability to make crucial interest rate decisions is being severely hampered by unreliable labour market statistics, according to Governor Andrew Bailey. Speaking at London's Mansion House, Bailey highlighted this…
UK Chancellor and Bank of England Governor Unite in Call to Strengthen EU Relations Post Brexit
In a significant development at the annual Mansion House dinner, Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey have jointly emphasised the urgent need to rebuild Britain's economic ties with the European Union. Their…
Spain Emerges As European Economic Powerhouse In 2024
Spain's remarkable economic performance stands in stark contrast to its European neighbours, achieving the highest growth rate among advanced economies with a 3.4 per cent year-on-year expansion in the third quarter of 2024.
The Spanish…
UK Chancellor Rachel Reeves Sets Stage for Eight Pension Megafunds Worth £80 Billion Pounds
The UK's financial landscape is poised for a significant transformation as Chancellor Rachel Reeves announces plans to consolidate the country's local government retirement schemes into eight substantial pension "megafunds". This bold…
Saudi Arabias $500bn Neom Project Leader Replaced in Shock Move
In a surprising development, the chief executive of Saudi Arabia's ambitious $500bn Neom project, Nadhmi al-Nasr, has been removed from his position after six years at the helm of Crown Prince Mohammed bin Salman's flagship development.…
British Steel Confirms Extended Operations at Scunthorpe Beyond Christmas Period Despite Industry…
British Steel has announced its commitment to maintain blast furnace operations at its Scunthorpe facility beyond the Christmas period, marking a significant development in ongoing discussions regarding government support for…