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…
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UK Economy
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…