UK (Parliament Politics Magazine) – UK jobseeker numbers hit a five-year high as firms cut staff and froze hiring, with fears that Rachel Reeves’ tax plans could further strain the labour market. As reported by The Telegraph, jobseeker numbers hit a five-year
UK (Parliament Politics Magazine) – Economist Simon French warned Chancellor Rachel Reeves that “self-defeating” tax rises and inflation are driving UK borrowing costs to 27-year highs. As reported by The Telegraph, Simon French, chief economist at Panmure Liberum, warned Rachel Reeves that
UK (Parliament Politics Magazine) – UK long-term borrowing costs hit 27-year high at 5.68%, forcing Chancellor Rachel Reeves to consider tax hikes or spending cuts before the autumn Budget. As reported by The Guardian, Rachel Reeves faces pressure as UK long-term borrowing
UK (Parliament Politics Magazine) – UK house prices drop 0.1% to £271,079 in August amid high mortgage costs and affordability pressures slowing market activity. As reported by The Guardian, the average UK home price slipped 0.1% to £271,079, falling short of the
UK (Parliament Politics Magazine) – Energy bills in Great Britain will rise 2% from October as Ofgem lifts the cap to £1,755, adding £35 to annual costs for 9 million households. As reported by The Guardian, millions of UK households are expected
UK (Parliament Politics Magazine) – UK automakers urged softer EV targets, citing high costs and job risks, despite increasing electric car sales and government climate goals. As reported by The Guardian, documents reveal UK carmakers lobbied for relaxed EV rules, citing risks
UK (Parliament Politics Magazine) – UK borrowing fell to £1.1bn in July, well below forecasts, easing pressure on Rachel Reeves ahead of her autumn budget despite rising debt over the year. As reported by the Guardian, official data shows the UK borrowed
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
