Tag: Economic impact

Rachel Reeves has been encouraged by a group of millionaire entrepreneurs to consider raising £14bn through an increase in capital gains tax during the upcoming budget announcement. The group of wealthy investors believes that...

Keir Starmer expressed his full confidence in transport secretary Louise Haigh after a dispute within the cabinet threatened to overshadow a key international investment summit in London. The disagreement arose after Haigh called P&O...

Sir Ed Davey Criticizes Sir Keir Starmer for Rejecting Reentry into EU Single MarketSir Keir Starmer has faced criticism from Liberal Democrat leader Sir Ed Davey for ruling out the possibility of Britain rejoining...

Casinos have always been a significant part of the global economy, sparking thoughts of luxury, risk, and fun. But beyond the glitz and glamour, they have a big impact on the economy of the...

Drinkers in Hillingdon are in for a treat as a local pub group launches a campaign to lower prices by reducing VAT. The Wetherspoons pubs, The Botwell Inn and JJ Moons, will be offering...

Liberal Democrats leader Sir Ed Davey has criticised the Government’s decision to cut the winter fuel allowance for some pensioners, calling it the new administration’s “first big mistake.” He stated that Labour MPs and...

Sir Keir Starmer, the Prime Minister, is currently in Berlin on a mission to reset the UK's relationship with Europe. He is set to have discussions with Chancellor Olaf Scholz to potentially establish a...

Investors in Asia experienced mixed trading as they awaited significant reports on the US economy, specifically the latest inflation figures. The Hang Seng in Hong Kong and the Shanghai Composite both saw modest gains,...

Principality Building Society reported a significant decrease in profits due to lower interest rates, despite an increase in mortgage lending. The company's profits were halved, reflecting the challenging economic environment faced by many financial...

The Department for Science, Innovation and Technology (DSIT) announced that the new Labour Government has decided not to allocate £1.3bn in funding for UK tech and AI projects that were previously promised by the...

London stocks experienced a significant surge today after the Bank of England made the decision to slash interest rates. The FTSE 100 saw a notable increase, while the pound sterling also reacted to the...

Airbus, a major aerospace company, recently reported a significant decrease in earnings. This decline was primarily attributed to a £833 million charge in its space unit. The company's profits were impacted by this unexpected...

Rachel Reeves’ financial forecast has sparked concern among economists and experts, who believe that tax hikes are on the horizon following her recent speech. Reeves revealed a £22bn black hole in the public finances,...

In today's statement on the state of the public finances, Chancellor Rachel Reeves is expected to address a £20 billion black hole in public spending inherited from the previous Conservative government. The Tories are...

Cineworld, one of the nation's largest cinema chains, is facing financial difficulties and is planning to close at least 25 of its venues, resulting in hundreds of job cuts. The chain has been struggling...