Economy

As financial markets fixate on the specter of a potential US recession, they may be overlooking more significant threats to global economic stability. While the US economy shows resilience, with unemployment rising from historically low…

As Chancellor Rachel Reeves grapples with a £22 billion shortfall in public finances for the 2024-25 fiscal year, speculation is mounting that she may turn to capital gains tax (CGT) to bridge the gap. With limited options available due to…

The number of repossession claims made by banks and landlords in England and Wales has climbed to its highest level in five years, as households grapple with the impact of rising borrowing costs. According to data from the Ministry of…

According to updated data, which gives more weight to healthcare and energy industries, the UK economy has recovered from the Covid-19 epidemic in a better state than was previously believed. Office for National Statistics has now…

In a shocking revelation, it has come to light that the UK government's flagship scheme to promote research and development has been marred by widespread abuse, resulting in a staggering loss of over £4bn due to fraud and error since 2020.…

After the Bank of England lowered rates for the first in over four years, the pound and FTSE 100 both fell dramatically. According to central bank forecasts, the economy is expected to grow much faster than originally thought this year,…

Bank of England cuts interest rates first in four years. This is a relief for millions of homeowners, and families who are still struggling with the rising cost of living. After holding borrowing costs at their highest level for more…

The Eurozone's economy grew faster than expected, by 0.3 percent in the second quarter. This has allayed fears that the fragile recovery is losing steam. The growth rate of the gross domestic product on Tuesday was 0.3 percent higher…

Rachel Reeves cut winter fuel payments to 10 million pensioners who are wealthier. She did this in order to plug the £22bn hole that she claimed was "covered up by the Conservative Government" and hinting towards tax increases in her first…

Labour's drive to make the UK an "island" of stability seems to have been perfectly timed. Rachel Reeves is promoting Britain as an investment destination that has recently become more stable. The new Chancellor will encourage…

After Labour's overwhelming victory in the general election this month, optimism among senior executives of some of Britain's largest businesses has increased. According to Deloitte’s latest survey, chief financial officers are more…

Revolut secured the long-awaited bank licence from City regulators. This will allow it to compete with high street banks, and improve consumer protections in Britain for millions of Revolut customers. The Financial Technology Group had…

The UK's largest domestic lender posted a decline in profits for the first half of the year as the interest rate boom that benefited the banking sector faded. Lloyds Banking Group reported that its pre-tax profit for the six months…

According to a BritishAmerican Business trade association, tax has surpassed political stability as the number one reason US companies cite for not wanting to invest in the UK. The index showed that the overall US investor sentiment…

A closely-watched survey revealed that the UK private sector's economy grew faster than expected, and inflation dropped to its lowest level in three and a half years this month. This "welcoming" picture for Labour is a welcome one,…

The pound will rise to its highest level against the US Dollar in over two years due to the optimism surrounding the UK economy, and the greater political stability of the UK compared to Europe and America. Amundi, an asset manager in…

Rachel Reeves will be courting Wall Street titans in an attempt to boost US investments in the UK next month. The chancellor plans to visit New York early in August to meet with some of America's largest investment firms. A one-on-one…

Lord Harris of Peckham, who built Carpetright from the ground up 35 years ago, has signed a multimillion pound deal in order to save it. Tapi, a rival flooring chain that he co-founded later, purchased the Carpetright trademark,…