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
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
