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.
Category : Search result: fiscal outlook
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.
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.
Reeves urges Labour MPs: Focus on growth mission
New Chancellor Rachel Reeves delivers powerful message to Labour MPs, demanding immediate focus on economic growth and fiscal discipline in government's first days.
Reeves's alcohol duty hike backfires, costs Treasury £1bn
Rachel Reeves's planned increase in alcohol duty is projected to cause a dramatic £1 billion shortfall in tax revenues, according to a damning new Treasury analysis, raising serious questions about the government's economic strategy.
Reeves Rules Out Income Tax, NI, and VAT Rises
Chancellor Rachel Reeves has used her first major speech to pledge no increases to Income Tax, National Insurance, or VAT, while warning of difficult spending decisions to rebuild the economy.
Treasury Warns Reeves: No Cash for Labour's Spending Plans
Chancellor Rachel Reeves receives a stark economic reality check from the Treasury's top official, who revealed there's no cash reserve for new spending, forcing tough fiscal choices.
Treasury's Secret Tax Hike Plans for Post-Election Budget
Exclusive: Treasury officials are drawing up plans for significant tax increases, including a potential 'stealth raid' on pensions and inheritance tax reforms, that could be implemented swiftly if Labour wins the next election.
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
Global Economy Shows Surprising Resilience to Trump Tariffs
The OECD's latest economic outlook reveals a world economy weathering Trump's aggressive tariff strategy better than forecasted, with global growth holding steady at 3.1% despite trade tensions.
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