Category : Search result: economy news


Russia's wartime economy slows, taxes rise

Russia's wartime economy slows, forcing the Kremlin to raise VAT and other consumer taxes. Discover the impact on ordinary Russians and the budget deficit.

UK's New Economic Powerhouses Revealed

Recent government analysis uncovers unexpected economic growth hotspots across Britain, with East Midlands and West Midlands leading the charge while London's dominance shows signs of fading.

Reeves' Calm Pre-Budget Speech Hides Economic Tensions

Chancellor Rachel Reeves maintained remarkable composure during her crucial pre-Budget speech, but subtle tells revealed the immense pressure facing Labour's economic plans. Discover what the calm exterior concealed about Britain's financial future.

Target slashes 1,800 jobs in shock Wall Street move

American retail giant Target abruptly eliminates 1,800 positions in latest corporate restructuring, sending shockwaves through financial markets and raising concerns about UK retail sector stability.

US National Debt Crisis Accelerates at Record Pace

The United States national debt has surged past a terrifying milestone, growing at its fastest pace in history. Experts warn this unprecedented acceleration threatens global economic stability.

JLR cyber attack costs UK economy £1.9bn

A devastating ransomware attack on Jaguar Land Rover has inflicted a £1.9bn blow to the UK economy, making it Britain's costliest ever cyber incident with severe supply chain repercussions.

No Brexit assessment in Reeves' budget

Chancellor Rachel Reeves reveals the Autumn Budget won't include formal Brexit economic analysis, citing OBR forecasting constraints and prioritising immediate economic challenges.

UK economy grows 0.6% in Q1 2024, beating forecasts

Britain's economy grows at fastest pace in over two years with 0.6% expansion, beating expectations and marking strong recovery from recession. Services sector leads growth while Chancellor celebrates 'brighter economic outlook'.

Brits to be poorer than Turks and Latvians by 2040s

Groundbreaking economic research reveals Britain is on course to be outperformed by Turkey and Latvia within two decades, with the UK facing its worst relative decline in living standards since records began.

Edinburgh Crowned UK's Top Tech Hub Outside London

Scotland's capital surges ahead of Cambridge and Manchester as leading technology centre, with record venture capital investment and booming startup scene transforming the city's economic landscape.

UK unemployment falls as wages outpace inflation

Exclusive analysis reveals Britain's stunning economic recovery with unemployment hitting near-record lows and wages soaring above inflation, positioning the UK as a G7 growth leader.

Late-night pub hours failing communities, report warns

A sobering new analysis reveals that relaxed late-night licensing laws are creating more problems than prosperity, with local residents bearing the brunt of noise and disruption while promised economic benefits fail to materialise.

Trump China Threat Triggers Stock Market Crash

Global stock markets experience dramatic sell-off as former President Donald Trump threatens sweeping tariffs against China, raising fears of renewed trade war and economic instability.

Wizz Air Unveils Game-Changing 'Ultimate' Seat

Budget airline Wizz Air unveils revolutionary new seating option offering significantly more legroom and comfort at competitive prices, transforming the economy flight experience.

Trump: UK won't survive Starmer's Labour government

Former US President Donald Trump issues stark warning about UK's economic future under Keir Starmer, claiming Britain won't survive another Labour government as business leaders express concerns.

Scottish Business Confidence Hits Record Low

New survey reveals overwhelming pessimism among Scottish businesses as economic stagnation bites, with concerns mounting over rising costs and political uncertainty.

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