Category : Search result: consumer borrowing


Reeves' Income Tax U-Turn Spooks UK Markets

Chancellor Rachel Reeves' decision to scrap income tax rise plans causes pound to fall and borrowing costs to surge. Discover the market fallout and political implications.

Reeves: Tax Rises Inevitable in Budget Statement

In a stark House of Commons address, Chancellor Rachel Reeves declares tax increases inevitable as Britain faces mounting borrowing costs and economic instability. Get the full breakdown of what this means for your wallet.

Why Rachel Reeves Must Gamble on Tax Hikes

Exclusive analysis reveals why the Chancellor faces an impossible choice between fiscal responsibility and crumbling public services as economic pressures mount.

Fed's Powell: No Rate Cuts Until Inflation Cools

Federal Reserve Chair Jerome Powell delivers cautious message on interest rates, emphasising need for sustained inflation control before considering cuts. Market reactions and economic outlook analysed.

US per capita debt surpasses Greece and Italy

Stunning analysis reveals the average American carries more government debt than citizens of European nations notorious for fiscal crises. Discover what this means for global markets.

Reeves Under Fire Over £25bn Interest Bill Crisis

Chancellor Rachel Reeves faces mounting pressure as economists question her fiscal rules amid soaring government borrowing costs and a £25 billion interest payment bill that threatens Labour's investment plans.

UK borrowing outstrips forecasts as Amazon outage hits

UK government borrowing surged past official predictions in September, creating an early challenge for Chancellor Rachel Reeves. The financial uncertainty coincides with a major Amazon Web Services outage that disrupted global businesses before being reso

UK borrowing hits record September high of £15.9bn

New figures reveal UK government borrowing hit £15.9 billion in September 2025 - the highest for that month since records began. Chancellor Rachel Reeves faces mounting pressure as debt costs spiral and economic challenges deepen.

Sarah Ferguson Borrowed Cash from Epstein

Sarah Ferguson borrowed thousands from Jeffrey Epstein after her divorce from Prince Andrew, with new court documents revealing the extent of their financial relationship during her financial struggles.

UK government borrowing costs hit 20-year high

Chancellor Rachel Reeves faces mounting pressure as UK government borrowing costs surge to their highest level in two decades, threatening Labour's economic plans and increasing pressure on public finances.

Bank of England Holds Interest Rates at 5.25%

The Bank of England maintains interest rates at 5.25% despite falling inflation, with policymakers divided on the timing of future cuts as economic uncertainty persists.

Banks Cut 0% Interest Periods on Credit Cards

Major UK banks are dramatically reducing interest-free periods on balance transfers, leaving borrowers with higher costs. Discover how this shift affects your finances and what alternatives remain.

UK Retail Sales Surge Despite Budget Tax Fears

New data from Barclays reveals UK consumer spending accelerated in September 2025, with retail sales growing 1.5% despite concerns about potential tax rises in the upcoming budget.

Rachel Reeves's Economic Wonderland: Fantasy Over Reality?

Chancellor Rachel Reeves faces mounting criticism as her economic policies draw alarming parallels to fantasy over reality. Experts question the sustainability of her borrowing plans and warn of serious consequences for Britain's economy.

UK Borrowing Hits £37.6bn, Exceeding Forecasts

Chancellor Rachel Reeves faces a stern fiscal test as UK public sector borrowing hits £37.6bn for the first five months of the financial year, exceeding official forecasts and complicating Labour's spending ambitions.

UK Borrowing Rises as Consumer Confidence Slumps

New ONS data reveals a sharp rise in UK public sector borrowing alongside falling consumer confidence, creating a challenging backdrop for Chancellor Rachel Reeves's upcoming autumn budget.

Bank of England holds interest rates at 5.25%

The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates. Governor Andrew Bailey warns of persistent inflationary pressures despite economic slowdown.

Bank of England Holds Interest Rates at 5.25%

The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates as inflation shows signs of easing, though Governor Andrew Bailey remains cautious about future cuts.

Hunt's Pre-Election Budget Walks Fiscal Tightrope

Exclusive analysis: Chancellor Jeremy Hunt prepares a pivotal pre-election Budget, walking a tightrope between voter-friendly tax cuts and fiscal responsibility as the UK economy sends mixed signals.

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