London (Parliament Politics Magazine) – The UK’s government borrowing reached £17.4bn, more than expected, mainly due to higher debt interest payments. The facts highlight growing fiscal difficulties, with potential tax hikes to manage the rising public debt and spending. The British government
London (Parliament Politics Magazine) – Inflation in the UK rose to 2.3% in October, heaping stress on the Bank of England to delay further interest rate cuts until next year. Statistics released by the UK’s Office for National Statistics (ONS) revealed that
London (Parliament Politics Magazine) – UK retailers, including Tesco and Marks & Spencer, have warned Chancellor Rachel Reeves of a £7 billion cost increase from budget tax rises, leading to job reduction and higher prices. The British Retail Consortium (BRC) insisted the
London (parliament Politics Magazine) – UK home prices have fallen by over £5,000 this month, as the autumn budget triggered concerns in the housing market ahead of the seasonal Christmas slowdown. According to the UK’s real estate website Rightmove, in November, the
London (Parliament Politics Magazine) – Welsh Secretary Jo Stevens announces 13m grand scheme for Port Talbot workers and businesses hit by Port Talbot Blast Furnace Closures. The UK government launches a new fund scheme to support steelworkers after job losses. This scheme
London (Parliament Politics Magazine) – The UK’s economy expanded by only 0.1% between July and September 2024, according to a report from the Office for National Statistics (ONS). UK GDP saw a 0.1% drop in September with the services sector flat growth
London (Parliament Politics Magazine) – UK Ministers are insisting the live music industry impose a voluntary levy on tickets to big concerts at stadiums and arenas to support funding grassroots venues. Ministers have stated they will consider the significance of this move
London (Parliament Politics Magazine) – Macquarie Asset Management and Ferrovial, via Macquarie European Infrastructure Fund 4, have agreed to sell AGS Airports to AviAlliance. On Wednesday, Spanish infrastructure giant Ferrovial and its partner Macquarie confirmed that it will sell the operating rights
London (Parliament Politics Magazine) – The unemployment rate rose to 4.3% in the UK during the three months before September, marking ongoing issues in the job market. Official reports signal a rise in the UK’s unemployment rate indicating a slowdown in pay
London (Parliament Politics Magazine) – Sanjeev Gupta, CEO and chairman of the GFG Alliance, plans to go to court to gain approval to restructure the majority of Liberty Steel’s remaining operations in the UK. A private company, Liberty Steel, owned by Mr
