The pound is being weighed down by political uncertainty as Sir Keir Starmer struggles to stabilise his leadership.
Rachel Reeves Weighs Higher VAT Threshold as Treasury Scrambles to Boost Growth
Chancellor Rachel Reeves is weighing an increase in the VAT registration threshold as part of her autumn Budget, in an effort to spur business growth and offset a looming £20bn
Calls to Halt UK Green Energy Push After Chinese ‘Kill Switches’ Found in U.S. Solar Farms
Chinese “kill switches” have been discovered hidden in American solar farms, triggering urgent warnings over national energy security and prompting calls for Ed Miliband to suspend the UK’s renewable rollout.
UK may already be in recession, warns shadow business secretary
Britain could already be experiencing a recession, according to Shadow Business Secretary Andrew Griffith, who criticizes Rachel Reeves for steering the economy in the wrong direction.
780,000 UK pensioners eligible for the winter fuel payment will miss out.
An estimated 780,000 pensioners still eligible for the winter fuel payment will lose this benefit under proposed cuts, according to the Government’s own equality analysis.
Traders cut odds on summer interest rate
The Bank of England is expected to reduce interest rates in the coming months despite persistently high inflation, according to its chief economist.
Bank of England official suggests interest rates should remain unchanged this summer
Interest rates should remain unchanged this summer, says a Bank of England official.
Goldman Sachs predicts the FTSE 100 will reach a new record high.
Goldman Sachs anticipates the FTSE 100 reaching a new peak within the coming year, spurred by declining interest rates.
UK faces £60bn deficit due to overly optimistic projections
According to a Wall Street bank, the UK’s financial watchdog has been overly optimistic in its economic growth forecasts, resulting in a potential £60bn shortfall for the government.
What is the extent of financial resources available to Hunt for the budget?
Attention is focused on the upcoming Spring Budget this Wednesday. Jeremy Hunt aims to attract voters with tax reductions in anticipation of a general election later this year or early
Plans to Combat Fraud Involve Scrutiny of Bank Accounts for Millions of Pensioners
The government is considering granting itself the authority to review pensioners’ bank accounts as part of new measures to prevent benefit fraud.