Economy

The British hairdressing industry faces a severe crisis as approximately 40% of hair salons are at risk of closure following the devastating increased employment costs announced in last month's budget. The alarming situation stems from the…

Spain's government has unveiled a substantial €10bn aid package to address the catastrophic flooding that has claimed 217 lives in the country's southeastern regions, with Prime Minister Pedro Sánchez emphasising that "climate change…

Britain's local government pension schemes are poised for a significant transformation as Labour's Rachel Reeves pushes forward with ambitious plans to consolidate £354 billion worth of assets. The initiative aims to create a behemoth…

The recent £26 billion increase in national insurance contributions announced by Chancellor Rachel Reeves has cast a shadow over the UK's nascent employment recovery, with industry experts warning of potential job losses and cancelled…

Bitcoin rocketed to unprecedented heights on Monday, surpassing £81,000 amid growing optimism that Donald Trump's return to the presidency will herald a new era of cryptocurrency deregulation in the United States. The premier digital…

Hong Kong's equity markets experienced a significant decline on Monday following Beijing's announcement of a fiscal stimulus package that failed to meet investor expectations. The Hang Seng index, widely regarded as a key indicator of…

Political leaders across developed economies are grappling with persistent public discontent over high prices, despite inflation rates returning to normal levels. The unprecedented surge in living costs has created a toxic legacy that…

The recent UK Autumn Budget has left many of Britain's largest employers reeling as they face over £500 million in additional costs. Major companies across retail, hospitality, and telecommunications sectors are warning that the changes may…

Rachel Reeves, the Labour Chancellor, has made an unequivocal commitment to maintain current tax levels during the next budget, emphasising the government's dedication to fiscal responsibility within established spending parameters.…

Financial markets responded decisively to Donald Trump's comfortable victory in the US presidential election, with swift movements across asset classes signalling investors' expectations of significant policy shifts ahead. The immediate…

Britain's leading housebuilder Persimmon has cautioned shareholders about an anticipated £15 million impact from national insurance contribution changes, alongside other rising costs that will affect profit margins in the coming year.…

The Bank of England stands ready to implement its second interest rate reduction of the year, with economists widely expecting a cut to 4.75 per cent at Thursday's meeting. The nine-member Monetary Policy Committee (MPC) is predicted to…

Global financial markets experienced significant shifts today as Donald Trump secured his return to the presidency, triggering substantial gains in the US dollar, Bitcoin, and Treasury yields while sending ripples through international…

In a surprising turn of events, the owner of popular fast-fashion retailer Primark has indicated that future investments may be directed away from the United Kingdom due to increasing tax burdens. This development raises concerns about the…

British hospitality businesses are entering survival mode following a staggering £3 billion surge in tax and wage costs imposed by last week's budget, industry leaders have warned. The severity of the situation became apparent during a…

In the wake of the UK's recent "shock and awe" budget announcement, the financial markets have been closely watching the government bond sector. The latest developments indicate a significant shift in investor sentiment, with demand for…

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…