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UK
End of the Line for Private Rail as Labour Ushers in New Era of State Control
Britain's historic railway privatisation experiment concluded on Thursday, marking the end of a contentious three-decade journey and initiating the complex task of renationalising an industry in crisis. The Labour government's cornerstone…
UK Treasury Spending Review Delayed Until June 2025 Under Reeves Leadership
The UK Treasury's multiyear spending review has been postponed until June 2025, marking a significant delay from the initially planned spring announcement. Chancellor Rachel Reeves's decision extends the period of fiscal uncertainty for…
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…
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…
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…
Thames Waters Emergency Loan Could Cost £800 Million in Interest and Hit Customer Bills
A planned £3 billion emergency loan for Thames Water could incur more than £800 million in interest and additional costs, raising serious concerns about the impact on customers and infrastructure improvements. Britain's largest water…
Following “Shock and Awe” Budget Demand for UK Government Bonds Falters
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…
France and Germany criticize UK plan to charge VAT on international school fees
France and Germany criticised Sir Keir's Starmer plan to tax private school fees. They said the policy could force hundreds of children from international schools, and damage diplomatic relations with UK.
Helene Duchene, the French…
Think-tank of Tony Blair urges the introduction of pay-per-mile road prices across UK
Tony Blair's think-tank says that a pay-per mile road pricing system should be introduced now. It is also urging the chancellor, to overhaul motoring tax.
Rachel Reeves will likely confirm that the temporary cut of 5p in fuel duty is…
Make UK support Labour’s Industrial Strategy
An engineering bosses' group forecast that a well-executed Industrial Strategy could spark billions of pounds in investment to bring manufacturing back to Britain.
According to a survey conducted by Make UK, the leading trade association…
Microsoft UK’s chief executive will lead the government’s Industrial Strategy Council
Clare Barclay is the new chief executive at Microsoft UK. She will oversee the British Government's Industrial Strategy.
Barclay is to chair the Industrial Strategy Advisory Council. This council will advise the government, in…
Rachel Reeves spares PE bosses the top UK tax rate as part of a compromise over…
Rachel Reeves is unlikely to hit the private equity industry with the 45p top tax rate this month, because she's looking for to find a compromise deal to close the tax "loopholes", which doesn't drive investors away from Britain. Reeves…
TotalEnergies warns that it will reduce UK investment due to windfall tax
TotalEnergies' chief executive said that the French oil major would reduce its investment in the UK if the government increased the windfall tax. Patrick Pouyanne says the plans of the Labour government to increase the tax rate and…
Can UK avoid the national debt nearly tripling in next 50 years
The Office for Budget Responsibility's crystal ball shows that Britain will be a very different place in 50 years.
It is indeed grim. The government's independent watchdog on spending predicts that if policies remain unchanged, national…
Millions of Unwanted 1p and 2p Coins Pile Up in UK Warehouses as Future of Coppers Remains Uncertain
The Royal Mint has left millions of unwanted 1p and 2p coins languishing in warehouses across Britain, as speculation mounts over the future of copper coins. According to industry data, approximately 260 million surplus copper coins, worth…
GB Energy Commences Recruitment as Headquarters Location Announcement Looms
The UK government has initiated the hiring process for GB Energy, with plans to reveal the location of the state-owned company's headquarters in Scotland next month. The Department for Energy Security and Net Zero has advertised "mid-senior…
UK Banks Race to Repay £100bn in Covid Loans Could Benefit Savers
The potential takeover of Seven & i by Alimentation Couche-Tard (ACT) indeed represents a significant moment in the global convenience store industry. If the acquisition goes through, it would not only be the largest foreign acquisition…
UK Property Market Outpaces European Recovery Amid Promising Signs
The UK's commercial real estate market is demonstrating a quicker recovery than its European counterparts after a challenging two-year downturn caused by high interest rates. Recent market data indicates that, in the first half of 2024,…