UK economy News

Chancellor Rachel Reeves Pledges No Hike in Income Tax, VAT, or National Insurance Amid Economic Challenges

British Chancellor Rachel Reeves reaffirms her commitment to not raise income tax, VAT, or National Insurance, despite economic pressures and a reduced growth forecast for 2025.

Chancellor Rachel Reeves Pledges No Hike in Income Tax, VAT, or National Insurance Amid Economic Challenges

British Chancellor Rachel Reeves commits to not increasing income tax, VAT, or National Insurance, adhering to Labour's pre-election promises. Despite economic challenges and a red...

UK to Welcome First Universal Theme Park in Europe: A Game-Changer for Bedfordshire and Beyond

British Prime Minister Keir Starmer announces a deal with Universal to build Europe's first Universal theme park in Bedfordshire, promising a £50 billion boost to the UK economy an...

UK to Welcome First Universal Theme Park in Europe: A £50 Billion Economic Boost

British Prime Minister Keir Starmer announces a deal with Universal to build Europe's first Universal theme park in Bedfordshire, promising 28,000 jobs and a £50 billion boost to t...

UK to Welcome Europe's First Universal Theme Park: A £50 Billion Boost to Economy

UK Prime Minister Keir Starmer announces a deal with Universal Destinations & Experiences to build Europe's first Universal theme park in Bedfordshire, promising a £50 billion econ...

UK to Welcome First Universal Theme Park in Europe: A Game-Changer for Bedfordshire and Beyond

British Prime Minister Keir Starmer announces a deal with Universal to build Europe's first Universal theme park in Bedfordshire, promising 28,000 jobs and a £50 billion boost to t...

Universal Studios Announces First European Theme Park in UK, Promising Economic Boom and Thousands of Jobs

British Prime Minister Keir Starmer announces a deal with Universal Destinations & Experiences to build Europe's first Universal theme park in Bedfordshire, UK, expected to create ...

UK's Starmer Warns of Future Challenges with New Automotive Tariffs and Trade Wars

British Prime Minister Keir Starmer warns of the significant economic challenges posed by new tariffs on automotive exports and other goods, calling for national unity and urgent a...

UK's Trade Deficit Narrows Significantly to £10.2 Billion in January, Signaling Economic Resilience

The UK's trade deficit has notably decreased to £10.2 billion in January, indicating a possible economic recovery. This article explores the implications of this decline and what i...

Rachel Reeves Stands Firm: Fiscal Rules Are Essential for UK's Economic Stability

Rachel Reeves, the British Chancellor, emphasizes the non-negotiable nature of fiscal rules in ensuring economic stability and public trust, while addressing global economic uncert...

Rachel Reeves Stands Firm: Fiscal Rules Essential for UK's Economic Stability and Public Trust

British Chancellor Rachel Reeves emphasizes the UK government's commitment to fiscal responsibility and public trust, warning of global economic instability and rising borrowing co...

Rachel Reeves Stands Firm: Fiscal Rules Essential for UK's Economic Stability and Public Trust

British Chancellor Rachel Reeves emphasizes the importance of fiscal responsibility and public trust in the UK's economic strategy, highlighting global economic uncertainties and t...

Rachel Reeves Unveils Bold Planning Reforms: A £3.4B Boost to GDP and Public Services by 2030

Chancellor Rachel Reeves introduces planning reforms aimed at boosting the UK's GDP by 0.4% and generating £3.4 billion for public services by 2030, as assessed by the OBR.

Rachel Reeves Declares a Changed World: UK's Bold Steps Towards Economic Revival

Rachel Reeves, UK's Chancellor of the Exchequer, addresses the global changes impacting the UK, announcing significant measures including increased defense spending and economic re...

Bank of England's Bailey Suggests Diminished Risk of Second-Round Inflation Effects Amid Economic Slowdown

Bank of England Governor Andrew Bailey discusses the reduced likelihood of second-round inflation effects due to the UK's economic slowdown, highlighting energy and food prices as ...

Lloyds CEO Predicts Triple Rate Cuts by Bank of England in 2025 Amid Slow Growth

Lloyds Banking Group CEO Charlie Nunn predicts the Bank of England will cut interest rates three times in 2025 to stimulate UK economic growth, citing the country's resilience and ...

UK Economy Shows Slight Improvement with a 0.1% GDP Growth in November

The UK economy experienced a slight 0.1% growth in GDP for November, indicating a potential stabilization and resilience in the face of economic challenges.

Alan Taylor Advocates for Immediate Rate Cuts to Counter UK Economic Slowdown

Alan Taylor, a Bank of England policymaker, calls for swift interest rate cuts to address the UK's economic slowdown, emphasizing the need for a soft landing as inflation cools.

European Markets Dip Ahead of Christmas Break

European stock markets closed mostly lower on Monday in a shortened trading week ahead of Christmas. The UK economy's flat growth in Q3 dampened sentiment. Key indices like FTSE 10...

UK Unemployment Rate Rises to 4.3% in Latest Quarterly Update

The UK unemployment rate has increased to 4.3% in the three months to October, according to recent data from the Office for National Statistics. This rise could indicate potential ...