The House of Lords has rejected Labour’s controversial “reserve power” legislation for a second occasion, preventing the Government from forcing pension schemes to allocate substantial portions of retirement savings into
Labour secures vote on powers over private pensions
The Labour government has successfully navigated a crucial vote in the House of Commons to advance legislation granting ministers discretionary authority over pension scheme investments.
Starmer to Introduce Emergency Legislation to ‘Take Control’ of British Steel
MPs to Vote on Emergency Bill Granting Government Control of British Steel
BREAKING: Parliament to Be Recalled Saturday to Debate British Steel Nationalisation
House of Commons to Be Recalled for Emergency Debate on British Steel Nationalisation
No. 10 dismisses Reeves’ suggestion that Trump is to blame for the weak economy.
Downing Street has rejected Rachel Reeves’ suggestion that Donald Trump was responsible for Britain’s economic underperformance.
Reeves confronts a looming £20bn shortfall as the economy weakens.
Rachel Reeves faces a looming £20bn deficit in public finances, driven by soaring interest rates and weakening economic growth, economists at JP Morgan warn.
Budget tax hikes have pushed the economy into stagnation.
Rachel Reeves has been accused of “dragging the economy into stagnation” with her reference to a “£22bn black hole” in the public finances. Official data revealed that November’s growth fell
Rachel Reeves may keep pushing forward, but her fate is sealed
The Chancellor’s decision to travel to China while bond markets turn against Britain highlights a much larger issue, and it’s not a positive signal.
Labour will lose next election if Reeves returns to austerity
A former Bank of England economist has cautioned that Labour risks losing the upcoming election if rising government borrowing costs force Rachel Reeves to reinstate austerity measures.
UK bond demand hits lowest level of the year
This year, demand for UK debt dropped to its lowest point following Rachel Reeves’s Budget, which fueled expectations of rising bond yields.
UK markets experience a decline despite a rise in consumer confidence.
Despite a Gfk survey indicating improved optimism among British consumers regarding economic prospects in November, UK stocks witnessed a downturn.
Families to Incur an Additional £4,300 in Taxes Despite Hunt’s Financial Concessions
The Resolution Foundation has indicated that families may have to bear an additional tax burden of £4,300, despite Jeremy Hunt’s efforts to reduce National Insurance and offer other budget-related concessions.