The final quarter of 2024 saw the fastest-ever increase in businesses teetering on the edge of collapse following a Budget severely undermining corporate confidence.
Business Electricity Standing Charges to Skyrocket by 2030, Analysts Warn
Forecast Shows Businesses Will Pay £208 Per Day in Standing Charges by 2030.
The Bank of England lowers interest rates for the second time this year.
Despite Donald Trump’s recent U.S. election victory and the tax-raising Budget, the Bank of England has cut interest rates for the second time this year.
The pound strengthened in anticipation of the Bank of England’s interest rate decision.
The pound edged higher ahead of the Bank of England’s interest rate decision, though trading was largely influenced by the impact of Donald Trump’s victory in the U.S. presidential election.
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.
Prepare for additional tax increases, warns Institute for Fiscal Studies (IFS).
British households should prepare for additional tax increases, a leading think tank has cautioned.
Budget 2024 – Rachel Reeves has announced a £40 billion tax increase.
Rachel Reeves has announced a £40 billion tax increase as she presented the first Budget by a Labour government in 14 years.
Ovo is set to pay £2.4 million for not properly handling customer complaints.
Energy supplier Ovo has agreed to pay a £2.4 million penalty for mishandling customer complaints, according to regulator Ofgem.
UK Energy bills to drop to their lowest in two years.
Gas and electricity bills are anticipated to drop to their lowest levels in over two years following the easing of the energy crisis sparked by Vladimir Putin’s invasion of Ukraine.
Gas prices return to levels seen before the energy crisis.
Wholesale gas prices have returned to levels not seen since before the onset of supply constraints by Vladimir Putin, indicating a shift in Europe’s energy crisis situation.
UK Energy bills to fall by £238 a year
From April, average household energy bills are set to decrease by £238 annually, following new limits set by regulators on energy suppliers.
UK Energy Costs Expected to Decrease Significantly in Ofgem’s Recent Cap Announcement
Energy tariffs are anticipated to decrease by up to 15% starting in April due to a reduction in wholesale prices.