Download IPFS Rachel Reeves has come under growing criticism after refusing to rule out a sweeping wealth tax that many fear will hit Britain’s middle-class workers hardest. Senior Conservatives have warned the Chancellor could be preparing a costly tax raid to cover the widening gaps in the nation’s finances, despite[Read More…]

Download IPFS Retail sales in the United Kingdom rose by 3.1% year‑on‑year in June, the strongest monthly increase recorded so far this year and a key signal of recovering consumer spending amid earlier weakness. According to the British Retail Consortium, total retail sales increased by 3.1% year‑on‑year in June, compared[Read More…]

Download IPFS Leicester’s decision to significantly scale back its cherished Diwali festivities this year has triggered widespread concern among local business owners and community leaders, who fear the move will deal a serious blow to the city’s economy and cultural life. Leicester City Council recently confirmed that fireworks displays, stage[Read More…]

Download IPFS Glasgow’s council leader has been pressed by the United Kingdom Government to help roll back centralising policies in Scotland and protect local decision-making. Scottish Secretary Ian Murray has formally reached out to Susan Aitken, who leads Glasgow City Council under the Scottish National Party (SNP), inviting her to[Read More…]

Download IPFS As Chancellor of the Exchequer, Rachel Reeves prepares to deliver her Mansion House address, leaders in the financial sector are urging her to present a clear and ambitious plan for restoring growth, competitiveness, and confidence in the United Kingdom’s economic future. With mounting global competition and domestic fiscal[Read More…]

Download IPFS The Bank of England has said it is prepared to deliver larger interest rate cuts if the nation’s labour market continues to show signs of strain. Governor Andrew Bailey said he believes the path for borrowing costs is trending downward as businesses scale back hiring and limit pay[Read More…]

Download IPFS As artificial intelligence rapidly takes hold across industries, British employers are pulling back from hiring in technology and finance, underscoring the challenges businesses face in a stagnant economy burdened by high borrowing costs and policy uncertainty. A recent analysis by consultancy McKinsey & Company, reported by Bloomberg, revealed[Read More…]

Download IPFS London, long regarded as the beating heart of the United Kingdom’s financial and cultural life, is grappling with a steady outflow of wealth, businesses, and working-age residents. Although the city still draws millions of tourists and students each year, its soaring living costs, burdensome regulations, and eroding confidence[Read More…]

Download IPFS Artificial intelligence is already reshaping the British labour market, with a notable decline in job openings for roles most vulnerable to automation, according to a new report. The trend is deepening the nation’s hiring slowdown as businesses rethink recruitment strategies in the face of uncertain economic conditions. A[Read More…]

The Bank of England has announced plans to monitor the acceptance of physical cash across the UK, responding to concerns about its declining use and the risks of financial exclusion. This action follows a Treasury Committee report that highlighted the risks of a cashless society, especially for vulnerable groups who[Read More…]