Category : Economy


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.

Reeves: UK economy in worse state than thought

Chancellor Rachel Reeves delivers sobering assessment of Britain's economic inheritance, revealing deeper problems than anticipated with Resolution Foundation analysis showing significant fiscal challenges ahead.

Australian 'Death Tax' Proposal Sparks Boomer Backlash

A controversial new inheritance tax proposal in Australia has ignited fierce debate, with older generations pushing back against what they're calling a 'death tax' that would redistribute wealth from estates to younger Australians.

Reeves: No quick fix for UK economic crisis

Chancellor Rachel Reeves delivers stark assessment of UK finances, confirming previous government left economy in worst state since WWII with 'no magic wand' for immediate solutions.

Reeves Confirms Major Tax Rises in Autumn Statement

Labour Chancellor Rachel Reeves announces significant tax increases coming this autumn in her first major fiscal statement, marking the most substantial tax rises since Gordon Brown's government. The measures aim to address economic challenges post-Brexit

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.

Reeves scraps Birmingham NEST hub in economic shake-up

Labour Chancellor Rachel Reeves has abruptly terminated the planned £150 million NEST innovation hub in Birmingham, marking one of her first major economic decisions and raising concerns about the UK's regional development strategy.

Brexit Has Weakened UK Economy, Says Bailey

Andrew Bailey reveals Britain's economy has been 'weakened' by Brexit, with persistent inflation and reduced competitiveness creating long-term challenges for growth and stability.

Britain's Wealth Creators Flee Labour's Tax Policies

As Labour's tax policies target high earners, Britain's most successful entrepreneurs and professionals are discovering happier, more sophisticated alternatives abroad. Discover where they're going and why.

Reeves faces backlash over welfare cap freeze

Chancellor Rachel Reeves confronts mounting criticism from MPs and charities after confirming benefits will remain frozen despite economic pressures, sparking heated Commons debate.

Trump's Truth Social Faces London Stock Suspension

Donald Trump's social media platform Truth Social confronts potential delisting from London's stock market as financial regulators raise concerns over its murky funding and Saudi Arabian connections.

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