In the wake of the Covid-19 pandemic, the job market has experienced a significant shift from the “Great Resignation” to what can now be described as the “Great Retention”. As
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Britain’s second-largest trade union, Unite, is urging the new Labour government to introduce an emergency 1% wealth tax on the assets of the super-rich. The proposed tax would be applied
The pound has reached a 13-month high against the dollar, trading at $1.3118, as British companies reported their fastest growth in four months during August. According to the latest S&P
In an effort to boost the construction of affordable homes, UK Chancellor Rachel Reeves is planning to introduce a 10-year formula in the upcoming October Budget. This formula will allow
The newly appointed Chancellor, Rachel Reeves, faces challenging decisions as recent official data indicates that government borrowing in July reached £3.1 billion, significantly surpassing expectations. This figure is £1.8 billion
The economic landscape for small businesses in Britain has become increasingly challenging, with many entrepreneurs resorting to pawning personal belongings to secure working capital. Chris Gillespie, the chief executive of
The UK mortgage market is experiencing a significant improvement for both homeowners and buyers, as mortgage rates have dropped to their lowest levels since the aftermath of the Liz Truss
The price of gold has reached a new all-time high, with spot gold surpassing $2,525 per ounce this morning. This unprecedented surge in value means that a standard bar of
As Rachel Reeves prepares to deliver her autumn budget on 30 October, Britain’s largest manufacturers have issued a stark warning: the country’s infrastructure has suffered a decade of decline, and
The UK economy has shown signs of recovery in the first half of 2024, with quarterly growth at 0.6%, an annual inflation rate of 2.2%, and unemployment at 4.2%. However,
Sir Robert Chote, the chair of the UK Statistics Authority, has recently advocated for increased data sharing among government departments as a means to stimulate economic growth and enhance public
The UK economy grew by 0.6 percent in the second quarter, according to the latest figures from the Office for National Statistics (ONS). This marginal slowdown compared to the previous
The UK labour market has presented a mixed picture in the second quarter of the year, with the unemployment rate unexpectedly falling and wage growth slipping to a two-year low.
The Bank of England should exercise caution when considering lowering interest rates too quickly, according to Catherine Mann, a member of the Bank’s Monetary Policy Committee (MPC). In an appearance
Inflation in the UK rose for the first time this year in July, climbing to 2.2% and surpassing the Bank of England’s 2% target, according to official figures released by
In a move that underscores the growing investor appetite for private credit, Janus Henderson, the British-American asset management firm with approximately £361 billion in assets under management, has announced a
