UK (Parliament Politics Magazine) – UK inflation rose to 3.8% in July, driven by higher food, travel, and fuel costs, surpassing forecasts and delaying further Bank of England rate cuts. As reported by The Guardian, Britain inflation climbed to 3.8% in July,
UK (Parliament Politics Magazine) – German discounter Lidl closes in on Morrisons as the UK’s fifth-biggest grocer, fueled by increasing sales while shoppers seek cheaper groceries. As reported by The Guardian, Lidl’s growth in recent months has nearly matched Morrisons. This has
UK (Parliament Politics Magazine) – UK steelmakers threaten legal action after tariffs on Asian imports leave shipments stranded, driving industry-wide disruption and rising costs. As reported by The Guardian, British steel firms plan legal action against the government over Asian steel tariffs,
UK (Parliament Politics Magazine) – Labour’s EV grant scheme applies to only 17 of 130 models, raising concerns that the scheme will leave most buyers without incentives to switch to EVs. As reported by The Telegraph, Labour’s upcoming grant will cover only
UK (Parliament Politics Magazine) – Bank of England cuts interest rate to 4% but warns inflation may rise again, driven by food costs, possibly hitting 4% by September. As reported by The Guardian, the Bank of England warned that rising food costs
UK (Parliament Politics Magazine) – Halifax reports a £1,080 rise in UK house prices in July, with values up 2.4% annually, backed by easing borrowing costs and stable market activity. As reported by The Independent, UK house prices increased by 0.4% in
London (Parliament Politics Magazine) – Glencore gives FTSE a major boost as it abandons plans to shift its stock market listing to the US, reaffirming its commitment to remain in London. As reported by The Telegraph, Glencore has abandoned plans to leave
UK (Parliament Politics Magazine) – HMRC data shows over 2.6 million savers will face tax bills in 2025 due to frozen thresholds and high interest, with the average bill hitting £2,300. As reported by The Telegraph, more than 2.6 million UK taxpayers
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
