Business

UK (Parliament Politics Magazine) – HSBC CEO Georges Elhedery warns the UK economy could suffer if bank taxes rise, as profits fall 29% due to economic challenges in China and Hong Kong. As reported by The Guardian, HSBC’s chief expressed concern shared

UK (Parliament Politics Magazine) – The British gambling sector is lobbying ministers and Labour staff to oppose a tax rise that could increase duties on betting, casinos, and online games. As reported by The Guardian, the gambling sector has launched behind-the-scenes lobbying

UK (Parliament Politics Magazine) – Charlie Nunn has warned that increasing taxes on banks could threaten economic stability, even as Lloyds reported a 17% jump in profits. As reported by The Guardian, Charlie Nunn warned Rachel Reeves that raising bank taxes in

UK (Parliament Politics Magazine) – UK borrowing surged to £20.7bn in June, exceeding forecasts and raising pressure on Rachel Reeves as tax hikes loom ahead of the autumn budget. As reported by The Guardian, Chancellor Rachel Reeves faced renewed financial pressure after

UK (Parliament Politics Magazine) – UK unemployment rose to 4.7% and wage growth slowed to 5%, raising pressure on the Bank of England to slash interest rates amid a shrinking economy. As reported by The Guardian, rising unemployment and slowing wage growth

UK (Parliament Politics Magazine) – Supermarket bosses slammed Labour’s calorie-cutting plan as rushed, costly, and ineffective, warning it adds red tape without tackling obesity properly. As reported by The Telegraph, retail and food industry heads criticised government proposals to mandate calorie tracking

UK (Parliament Politics Magazine) – The UK jobless rate rose to 4.6%, the highest in nearly four years, as tax hikes and wage pressures contributed to a sharp fall in payrolls and slowed hiring. As reported by The Guardian, official data shows

UK (Parliament Politics Magazine) – The OECD predicts UK growth at just 1% in 2026, citing Donald Trump tariffs, persistent inflation, and limited public spending capacity. As reported by The Guardian, the Organisation for Economic Co-operation and Development (OECD) warns Britain’s economic

UK (Parliament Politics Magazine) – UK inflation jumped to 3.5% in April, which was above forecasts, driven by rising household bills and wage pressures, delaying expected interest rate cuts.  As reported by The Guardian, Office for National Statistics data shows inflation in

UK (Parliament Politics Magazine) – The UK economy grew 0.7% in Q1, defying gloomy forecasts amid tax hikes and tariffs, though experts expect slower growth ahead. As reported by The Guardian, official data shows the UK economy expanded 0.7% in Q1, overcoming

UK (Parliament Politics Magazine) – MPs urge Treasury to back cash reserves as digital networks face threats from blackouts, cyber strikes, and potential banking system breakdowns. As reported by The Telegraph, MPs urged the Treasury to advise on cash savings in preparation

UK (Parliament Politics Magazine) – Britain’s annual borrowing surged past predictions by £15bn, sparking fears of tax rises and deeper cuts to meet Chancellor Rachel Reeves’s fiscal rules. As reported by Sky News, official figures reveal government borrowing exceeded estimates by nearly

UK (Parliament Politics Magazine) – UK inflation fell to 2.6% in March, adding pressure on the Bank of England to cut rates amid weak demand and global trade uncertainty. As reported by The Guardian, a drop in UK inflation to 2.6% has

UK (Parliament Politics Magazine) – UK payrolls fell by 78,000 in March, showing a slowdown, but wages continue to rise and unemployment remains steady at 4.4% despite global economic pressures. As reported by The Guardian, Britain’s company payrolls saw their fastest decline

UK (Parliament Politics Magazine) – ICAEW survey reveals UK business confidence falls to 2-year low, hit by tax hikes and US tariffs, raising concerns over sales and economic outlook. As reported by The Guardian, a recent survey shows that business confidence in

UK (Parliament Politics Magazine) – Bank of England warns Trump’s tariffs risk global shocks and recession, warning of severe financial shocks and slower economic growth. As reported by The Telegraph, the Bank of England says Trump’s trade war increases global vulnerability to

UK (Parliament Politics Magazine) – Halifax reveals that UK house prices fell by 0.5% in March, the largest fall in a year, as demand normalized after a rush to beat stamp duty changes. As reported by The Guardian, the UK housing market

The NFU has responded to the news of 10% tariffs on UK exports to the US, calling the increase a challenge for the UK and for agriculture, with the US remaining the largest market for British agri-food products outside of the European

UK (Parliament Politics Magazine) – UK inflation dropped to 2.8% in February, boosting Chancellor Rachel Reeves ahead of her spring statement, but food and energy costs remain a concern. As reported by The Guardian, the latest data shows UK inflation at 2.8%,

UK (Parliament Politics Magazine) – UK pay growth remains high at 5.8%, maintaining pressure on the Bank of England to avoid interest rate cuts amid concerns over inflation and economic stability. As reported by The Guardian, the official data shows that pay

UK (Parliament Politics Magazine) – The National Institute of Economic and Social Research reports Britain’s economy has dropped in global affluence rankings due to stagnant wages and welfare cuts. The latest report revealed that years of stagnant incomes and welfare cuts have

UK (Parliament Politics Magazine) – Chancellor Rachel Reeves is reportedly planning to lower the annual cash ISA deposit limit from £20,000 to £4,000 to encourage stock investments. As reported by The Independent, amid speculation over a potential reduction to cash ISA deposit

UK (Parliament Politics Magazine) – The Treasury has launched an inquiry into a potential leak after the Office for Budget Responsibility reported a lower UK growth forecast. An inquiry will be started into an alleged leak following claims that the Government’s economic

UK (Parliament Politics Magazine) – UK retailers report a surge in crime, with 55,000 daily thefts and violence up 50%. Industry experts urged urgent reforms to tackle the growing threat. Retailers across Britain report a sharp increase in in-store crime, highlighting 55,000

UK (Parliament Politics Magazine) – UK government borrowing hit £17.8bn in December, a significant rise from predictions, with Rachel Reeves facing pressure to tackle the growing deficit.  Britain’s borrowing increased to £17.8bn in December, well above expectations, forcing Chancellor Rachel Reeves to

UK (Parliament Politics Magazine) – UK’s inflation rate dipped to 2.5% in December, bringing some comfort to households, while it still exceeds the Bank of England’s 2% goal.  The new data from the Office for National Statistics (ONS) shows that Britain’s inflation

UK (Parliament Politics Magazine) – Deloitte’s latest survey shows that UK CFOs plan to cut significant costs and reduce hiring in 2025 in response to increasing national insurance contributions.  According to Deloitte’s latest survey, two-thirds of finance directors reported no plans to

UK (Parliament Politics Magazine) – The Low Incomes Tax Reform Group warns that HMRC’s efforts to track online income could confuse online sellers due to mismatched reporting periods.  E-commerce platforms like eBay, Vinted, and Airbnb have until the end of the month

UK (Parliament Politics Magazine) – UK businesses are facing tough decisions, with more than half ready to increase prices due to a rise in costs and taxes, as business confidence has dropped. According to a British Chambers of Commerce (BCC) survey of

UK (Parliament Politics Magazine) – British companies and financial services executives expect growth in the new year, with 70% hoping for higher turnover and 73% projecting greater profitability.  Two polls reveal that the majority of UK businesses expect a good start to

UK (Parliament Politics Magazine) – British companies face tough times ahead, expecting lower growth and activity in 2025, as the National Insurance increase is seen as a major factor in the downturn. The Confederation of British Industry (CBI) survey reveals businesses expect

London (Parliament Politics Magazine) – The BoE has decided to keep interest rates at 4.75%, highlighting the economic conditions and inflation concerns following Chancellor Rachel’s budget and global trade uncertainties.  The Bank of England monetary policy committee maintained interest rates at 4.75%

London (Parliament Politics Magazine) – UK inflation saw a rise to 2.6% in November, the highest increase since March, driven by rising costs in clothing, fuel and ticket prices.  The Consumer Prices Index (CPI) hit 2.6% in November from 2.3% in October,

London (Parliament Politics Magazine) – The British government has accepted Czech billionaire Daniel Křetínský’s £3.6bn acquisition of Royal Mail’s parent company, making it the first time the historic postal service will be owned by a foreign investor.  The deal was approved by

London (Parliament Politics Magazine) – Job vacancies in the UK declined in November, marking the steepest fall since the pandemic, with business confidence dropping to its lowest in nearly two years.  The new monthly report from KPMG and the REC reveals a

London (Parliament Politics Magazine) – UK house prices hit a record high of £298,083 in November, with a 1.3% monthly increase, marking the fifth consecutive increase, although affordability remains a concern for many buyers, especially first-time purchasers. According to the UK’s biggest

London (Parliament Politics Magazine) – CBI warns of negative growth expectations for the first time in 2024, with firms forecasting declines across sectors after the government’s recent budget and tax hikes. According to the CBI’s latest Growth Indicator, the private business sector

London (Parliament Politics Magazine) – The Bank of England highlighted rising trade barriers and financial uncertainty as threats to growth and inflation, though UK banks are well-capable. Starting in 2025, stress tests will be conducted every two years to focus on broader

London (Parliament Politics Magazine) – ONS data reveals UK net migration hit a record 906,000 in 2023, revised figures show, with stricter visa rules under Rishi Sunak causing a sharp decline.  Britain’s net migration hit a record 906,000 last year in June

London (Parliament Politics Magazine) – Nationwide revealed a £2.3bn gain from its Virgin Money Purchase, with the bank’s assets now worth £5.1bn, exceeding expectations. However, the deal proved profitable, but Nationwide’s profit dropped to 43%.  Nationwide Building Society reported on Monday that

London (Parliament Politics Magazine) – The Financial Conduct Authority (FCA) fined Macquarie Bank £13m for serious control failures that allowed a junior trader to record over 400 fake trades, costing the bank £46m to resolve. Macquarie Bank’s London office has been fined

London (Parliament Politics Magazine) – Cyber Attacks have cost UK businesses £44 billion over five years, with over 50% reporting incidents, often caused by email compromises and data theft. Britain firms have suffered losses of an estimated £44 billion ($55.08 billion) in

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