Category : Economy


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.

Reeves Unveils Labour's Economic Revolution

Shadow Chancellor Rachel Reeves delivers landmark speech outlining Labour's radical economic overhaul, from housebuilding boom to planning system shake-up and North Sea oil confrontation.

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.

£1 Difference Exposes UK's Deep Cost of Living Crisis

New analysis exposes a startling reality about the UK's cost of living crisis, with a mere one pound separating household energy costs from council tax bills, highlighting the severe financial pressure facing families.

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'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.

Reeves rules out income tax cut in Labour budget

Shadow Chancellor Rachel Reeves has firmly rejected calls for an income tax reduction in Labour's first budget, focusing instead on economic stability, even as pressure mounts following the recent 2p National Insurance cut.

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

Reeves urged to swap 2p NI cut for income tax rise

Exclusive: The Chancellor is facing calls for a radical budget overhaul that would cut National Insurance for workers but increase the basic rate of income tax, a move experts say could simplify the tax system.

Hamburger Helper Sales Slump: A UK Recession Warning

A sharp decline in sales of the popular meal kit Hamburger Helper is being interpreted by economists as a significant warning sign of an impending UK recession, as households cut back on discretionary spending.

Romanian PM demands King's resignation over royal luxury

Romanian Prime Minister Marcel Ciolacu has launched a scathing attack on the country's royal family, calling for King Michael's resignation and criticising their lavish state-funded lifestyle as 'unacceptable' for a nation grappling with widespread povert

Cost-of-Living Crisis Forces UK Charity Closures

A devastating new report reveals hundreds of UK charities, including major names like Oxfam and Macmillan, are shutting down services and branches as the cost-of-living crisis bites, threatening vital support for the nation's most vulnerable.

Daily Mail's Stark Warning: UK Economic Crisis Looming

The Daily Mail issues a powerful critique of the UK's unsustainable economic trajectory, warning of dire consequences from unchecked public spending, soaring debt, and a looming crisis that threatens future generations.

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