2025 Review: Tax Rises, Job Slump & Beckham Drama
A tumultuous 2025 saw Labour's grim budget, a historic Lionesses win, and a celebrity family rift. Explore the year's highs and lows in our recap.
Category : Search result: fiscal outlook
Five Charts That Explain the 2026 Global Economic Outlook
From stubborn inflation to shifting interest rates, five crucial charts unpack the complex global economic forecast for 2026. Discover the trends shaping markets.
New 'Startlingly Real' Email Scam Targets Gmail and Outlook
UK email users are warned about a sophisticated new scam mimicking security alerts. Hackers can access your data if you click the link. Learn how to spot it and protect yourself.
Met Office: White Christmas 'highly unlikely' for UK
The Met Office says a white Christmas is 'highly unlikely' for most of the UK, with cold, windy conditions and sunshine expected. Discover the full festive forecast.
Australia's Mid-Year Budget Shows $12.6bn Deficit
Treasurer Jim Chalmers unveils a mid-year budget update with a $12.6bn deficit. Discover the spending cuts, economic forecasts, and political implications for Australia's future.
Senate Estimates Exposes Australia's Fiscal Outlook
Key ministers face intense questioning in Senate Estimates over the national fiscal outlook, cost-of-living pressures, and public service cuts. Get the latest details.
OBR's 'Worst Failure' as Budget Report Leaks Early
The OBR apologised after its Budget forecast was published an hour early, a blunder it called its worst failure in 15 years. Read the full story of the leak and its fallout.
OBR Chief: External Actor May Be Behind Budget Leak
The OBR chairman claims an 'external person' may have accessed Rachel Reeves' Budget plans early. A full investigation is underway. Read the latest on this major security breach.
HP to Cut 6,000 Jobs in AI Restructuring Plan
HP announces up to 6,000 job cuts worldwide as it embraces AI to accelerate innovation. The move comes alongside a lower profit outlook and aims to save $1bn annually.
Bank of England Holds Rates at 4% - Silver Linings Emerge
The Bank of England maintains interest rates at 4%, but experts see encouraging signs beyond the headline figure. Discover why this decision might signal economic resilience rather than stagnation.
Major Microsoft Azure Outage Hits Xbox and Outlook Users
A widespread Microsoft Azure outage has disrupted critical services including Xbox Live, Outlook, and Microsoft 365, leaving users frustrated and businesses scrambling.
IFS demolishes Lib Dem £2.5bn tax cut pledge
Liberal Democrat leader Sir Ed Davey confronts mounting criticism after the Institute for Fiscal Studies dismantles his party's flagship £2.5bn tax cut proposal, revealing significant funding gaps and questioning economic credibility ahead of crucial elec
UK Economy Contracts at Fastest Pace in 11 Months
Britain's private sector faces worst performance in nearly a year as manufacturing and services decline simultaneously. Chancellor Rachel Reeves confronts mounting economic challenges ahead of crucial budget announcement.
UK Consumer Confidence Plunges to -30 in GfK Survey
New GfK survey reveals British consumer morale hits near-historic lows as households brace for economic challenges ahead of government budget announcement.
Met Office: 'Anticyclonic Gloom' to blanket UK
The Met Office reveals a week of overcast skies and drizzle as high pressure brings what forecasters call 'anticyclonic gloom' to much of the UK, with only brief sunny intervals.
IFS urges Rachel Reeves to consider welfare cuts in budget
The Institute for Fiscal Studies delivers stark warning to Chancellor Rachel Reeves, stating benefit cuts cannot be ruled out in upcoming budget despite political risks.
IMF Downgrades US Economy as Australian Tourists Avoid America
The International Monetary Fund slashes US growth forecasts amid Trump administration policies, while Australian travellers avoid America due to economic uncertainty and political tensions.
Week-long 'anticyclonic gloom' forecast for UK
The UK faces a prolonged period of dull, grey weather as high pressure brings widespread cloud cover and limited sunshine across most regions until next week.
IMF Cuts Global Growth Forecast as Trump Tariffs Bite
The International Monetary Fund warns of significant economic damage from new US trade policies, with UK growth projections downgraded amid global uncertainty.
IFS warns Reeves against rushed tax reforms
The Institute for Fiscal Studies cautions Chancellor Rachel Reeves against implementing 'half-baked' revenue-raising measures that could harm the economy and undermine business confidence.
IFS warns Labour of severe economic constraints in government
Leading economic think tank warns Rachel Reeves faces 'iron chancellor' reality with limited fiscal flexibility, challenging Labour's spending ambitions ahead of potential government.
US Winter Forecast: Nor'easters and Heavy Snow Predicted
Exclusive winter forecast reveals America faces a season of intense nor'easters, significant snowfall, and prolonged cold spells that could disrupt travel and energy supplies.
Microsoft Services Crash: Minecraft & Outlook Down
Major Microsoft outage hits millions of users as popular services including Minecraft, Outlook email and Xbox Live experience widespread disruption. Technical issues reported across the UK and Europe.
JPMorgan CEO Dimon Issues Recession Warning
JPMorgan Chase CEO Jamie Dimon sounds alarm on economic turbulence ahead, highlighting inflation pressures and geopolitical risks that could impact British businesses and households.
IFS: Government has 'no credible' economic plan
The Institute for Fiscal Studies has launched a scathing critique of both Conservative and Labour economic policies, warning of 'unacknowledged trade-offs' and challenging Liz Kendall's welfare reform ambitions.
Reeves shatters Treasury fiscal rules in economic reset
Labour's first female Chancellor announces dramatic overhaul of Treasury spending rules, prioritising economic growth over rigid fiscal constraints in major policy shift.
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.
Reeves could raise £45bn in taxes without breaking pledges
Chancellor Rachel Reeves could raise £45bn through strategic tax reforms while honouring manifesto commitments, according to new economic analysis examining revenue-raising options.
UK Economy Grows 0.4% in Q2 - Strongest Since 2021
Britain's economy delivered a powerful performance in Q2 2024, with GDP growing by 0.4% - the strongest quarterly expansion since late 2021. Services and production sectors lead the charge as the UK economy gains momentum.
OECD: UK to Lead G7 Growth in 2025 as Inflation Falls
The Organisation for Economic Co-operation and Development predicts the UK will be the fastest-growing economy in the G7 next year, with inflation expected to return to the Bank of England's 2% target. Chancellor Jeremy Hunt welcomes the 'major improvemen
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