Chancellor Rachel Reeves has all but confirmed that Britain faces another round of tax increases in November’s Budget, refusing to repeat her previous pledge against further hikes as Labour’s annual …
Economy
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EconomyNews
Reeves Pushes for Ambitious EU Youth Mobility Scheme as Reform UK Surges to 29% in Polls
by Tara WhitmanChancellor Rachel Reeves has revealed plans for an “ambitious” youth mobility agreement with the European Union that would allow 18 to 30-year-olds to live and work in Britain for two …
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EconomyMoney
Lloyds Banking Group to Axe 49 More Branches in 2026 as UK Bank Closure Crisis Hits 6,000 Milestone
by James CarterBanking giant cites shift to digital services as 21 million customers use apps whilst communities face ‘alarming’ rate of closures sweeping Britain’s high streets Lloyds Banking Group has confirmed plans …
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EconomyNews
Rachel Reeves Urged to Shift Tax Burden from Workers to Pensioners in Controversial Resolution Foundation Proposal
by Tara WhitmanChancellor Rachel Reeves faces mounting pressure to implement radical tax reforms that would see pensioners and landlords shoulder a greater tax burden whilst protecting working-age Britons, according to proposals from …
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EconomyNews
Bank of England Holds Interest Rate at 4% as Inflation Remains Stubbornly Above Target
by Darren SmithThe Bank of England has paused its cycle of interest rate cuts, voting to maintain the base rate at four per cent as inflationary pressures persist across the British economy. …
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EconomyNews
UK Unemployment Stuck at Four-Year High as Wage Pressures Persist Ahead of Autumn Budget
by Darren SmithBritain’s unemployment rate remains stubbornly high at 4.7 per cent, matching a four-year peak, as cooling wage growth and falling job vacancies signal a weakening labour market that could force …
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EconomyNews
BlackRock to Unveil £500m UK Data Centre Deal During Trump’s State Visit
by James CarterThe world’s largest asset manager will use President Trump’s state visit to Britain next week to announce a £500 million investment in UK data centres, spearheading what the government hopes …
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EconomyRetail
Sainsbury’s in Talks to Sell Argos to Chinese Giant JD.com Amid Retail Crisis
by Darren SmithSainsbury’s has confirmed it is in discussions to sell iconic British retailer Argos to Chinese e-commerce giant JD.com, marking a potential end to nearly a decade of ownership and raising …
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EconomyNews
Rachel Reeves ‘In Hiding’ as UK Economy Flatlines Under Weight of Tax Hikes
by Darren SmithChancellor faces criticism for silence after zero growth figures as November Budget threatens further tax rises of up to £50bn Rachel Reeves was last night accused of “going into hiding” …
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EconomyProperty
Households Brace for Inflation Spike to 4% as Bank of England Set to Hold Interest Rates
by Tara WhitmanHouseholds are bracing for another spike in inflation, with price rises expected to peak at four per cent in September, leaving millions facing higher costs for months to come. The …