Tag: Economics
Reeves Spending Review: Next Big Challenge as Growth Stalls
Rachel Reeves Faces Tough Challenges in Upcoming Spending ReviewRachel Reeves, the Chancellor, is gearing up for a significant challenge as she prepares for the upcoming spending review in 2025. The Institute for Fiscal Studies...
UK Economy Contracts by 0.1% in October: What It Means
The UK Economy Faces Challenges: A Look at the Recent ContractionBritain’s economy experienced a setback in October, contracting by 0.1%, contrary to economists’ expectations of growth. This unexpected decline, as reported by the Office...
Shop Inflation Reverses Trend, Price Warning Issued – Prepare for Increased Costs
The trend of falling shop inflation has come to an end, with warnings of increased costs for retailers that will ultimately lead to higher prices for consumers. According to the British Retail Consortium (BRC)-NielsenIQ...
Labour’s Plan to Reduce Benefits Bill Amid Starmer’s Critique of Failing System
Labour has announced plans to get more people back to work and reduce the benefits bill in the UK. Keir Starmer acknowledged that the country is facing challenges and needs to be fixed. The...
Inflation Surges Above Bank of England Target in Sharp 2-Year Spike
Inflation has risen above the Bank of England's 2 percent target, causing the cost of living to increase rapidly. After hitting a 41-year high of 11.1 percent in 2022, consumer price inflation (CPI) dropped...
Jeremy Hunt’s Treasury Accused of Hiding Budget Black Hole, Potential Law Violation
The Treasury officials under Jeremy Hunt have been accused of breaking the law by failing to report a significant black hole in the public finances to the Office of Budget Responsibility (OBR). This accusation...
Impact of Bus Fare Hikes on Working Commuters: A Comparison to Income Tax Rise
The recent 50 per cent increase in bus fares, from £2 to £3, has sparked controversy and concern among working commuters who rely on public transportation to get to work. According to new analysis...