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
