In a significant shift in fiscal policy Chancellor Rachel Reeves has announced plans that are set to increase the tax burden to unprecedented levels. The proposed changes come in the
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Rachel Reeves is poised to announce further welfare cuts during her spring statement amid intensified scrutiny following the Office for Budget Responsibility’s (OBR) assessment of her fiscal reforms. The Chancellor
The UK government, under Labour’s leadership, may be eyeing significant cuts to civil service jobs as part of its spring budget strategy. Up to 50,000 roles could be eliminated in
Government borrowing has exceeded official expectations by over £20 billion in the year to February, placing significant pressure on Chancellor Rachel Reeves ahead of the upcoming spring statement. February’s borrowing
More than seven million Britons are now claiming sickness benefits, according to official figures, marking an increase of 1.8 million since 2019. Data shows that one in ten working-age adults
The Chancellor, Rachel Reeves, is expected to face significant fiscal challenges at the upcoming Spring Statement, scheduled for 26 March 2025. The Office for Budget Responsibility (OBR) is set to
The UK’s business landscape has witnessed a notable contraction, with the number of companies registered at Companies House declining in the final quarter of 2024. For the first time since
Sony Music, one of the world’s leading entertainment companies, has strongly criticised the UK government’s proposed changes to copyright laws. The government intends to create an exemption allowing artificial intelligence
Ministers have grown frustrated with the deadlock over how the funds should be allocated, with Abramovich arguing for broader use of the funds outside Ukraine, while the government pushes for
Severe cost pressures are mounting on British businesses, prompting the British Chambers of Commerce (BCC) to downgrade the UK’s economic growth forecast for 2025. The lobby group now expects the
In a significant development, Apple has withdrawn its highest level of data security protection from UK customers following a contentious dispute with the British government. The tech giant’s decision to
The British government’s fiscal position faces mounting pressure as official figures revealed a significant overshoot in public finances, potentially derailing the chancellor’s plans to balance the books by 2029. January’s
British workers experienced the most rapid real wage expansion in more than three years during the last quarter of 2023, raising concerns about persistent inflation potentially hampering significant interest rate
Labour’s shadow chancellor Rachel Reeves faces the prospect of implementing £12 billion in tax rises if the party wishes to boost defence spending to 2.5% of GDP whilst avoiding severe
The Labour government’s comprehensive industrial strategy faces a significant delay, with publication now scheduled for June, coinciding with the spending review on the 11th. The postponement comes as the UK
The UK retail sector, a cornerstone of the nation’s economy employing over three million people directly and supporting two million more in its supply chains, faces mounting financial strain. Despite
