UK Investors Dump £1 Billion Sterling from Funds Ahead of Budget Tax Changes
British investors withdrew nearly £1 billion from UK-focused stock funds in October, acting pre-emptively to avoid…
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UK Economy
UK Government Borrowing Costs Surge to Year High as Labour Budget Triggers Market…
British government bonds faced intense selling pressure on Thursday, driving borrowing costs to their peak levels…
British Tax Burden Inches Closer to European Union Average in Historic Shift
The United Kingdom's escalating tax burden has pushed government revenues nearer to European Union levels than…
UK Borrowing Costs Surge as Markets Brace for Reeves Historic First Budget
British long-term borrowing costs reached a post-election peak on Tuesday as financial markets prepared for Rachel…
Sterling Set to Soar as One of the Strongest Currencies This Year
The pound is expected to become one of the top-performing major currencies in 2024, according to leading American…
Unite Calls for Wealth Tax on Super-Rich to Fund Public Sector Pay Rises
Britain's second-largest trade union, Unite, is urging the new Labour government to introduce an emergency 1%…
Pound Surges as UK Firms Record Fastest Growth in Four Months
The pound has reached a 13-month high against the dollar, trading at $1.3118, as British companies reported their…
Reeves Faces Tough Choices as July Borrowing Exceeds Expectations
The newly appointed Chancellor, Rachel Reeves, faces challenging decisions as recent official data indicates that…
UK Economy Shows Signs of Recovery Amidst Lingering Structural Challenges
The UK economy has shown signs of recovery in the first half of 2024, with quarterly growth at 0.6%, an annual…
UK Statistics Authority Chair Advocates Government Data Sharing to Boost Economy
Sir Robert Chote, the chair of the UK Statistics Authority, has recently advocated for increased data sharing among…
UK Economy Expands 06 Percent in Second Quarter Amid Challenges
The UK economy grew by 0.6 percent in the second quarter, according to the latest figures from the Office for…
Bank of England Cautioned Against Premature Interest Rate Cuts
The Bank of England should exercise caution when considering lowering interest rates too quickly, according to…
Reeves Considers Capital Gains Tax Hike as UK Faces 22bn Shortfall
As Chancellor Rachel Reeves grapples with a £22 billion shortfall in public finances for the 2024-25 fiscal year,…
Newcastle Takeaway Ban Tackles Obesity Crisis as UK Economy Struggles
In a bold move to combat soaring obesity rates, Newcastle upon Tyne, the birthplace of the iconic Greggs bakery…
Repossession Claims in England and Wales Reach Five-Year High Amid Interest Rate…
The number of repossession claims made by banks and landlords in England and Wales has climbed to its highest level…
HMRC’s Flagship Innovation Scheme Loses £4bn to Fraud and Error
In a shocking revelation, it has come to light that the UK government's flagship scheme to promote research and…