The government’s consulting bill has surged to a record £3.4 billion in 2023–24, prompting criticism that ministers have reversed previous promises to clamp down on outsourcing and reliance on external advisors. Reporting by The Telegraph reveals the UK public sector spent £13 billion on consultants and contractors in the past year, a[Read More…]

The British pound advanced on Tuesday as markets reacted to US President Donald Trump’s decision to impose new 25% tariffs on imports from Japan and South Korea. With the United Kingdom notably absent from the latest round of protectionist measures, investors pivoted toward sterling, viewing the UK as a comparatively[Read More…]

The UK’s fiscal outlook has come under renewed scrutiny after the Office for Budget Responsibility (OBR) warned that public debt could spiral to an unsustainable 270% of GDP by the 2070s, citing long-term demographic pressures, rising health costs, and increasing cyber threats. The report also coincides with growing global market[Read More…]

The UK government has announced a £28.6 million investment from its National Wealth Fund to support a carbon capture pipeline project in the Peak District, marking the fund’s first deployment toward climate infrastructure. The project aims to cut emissions from cement and lime plants in the region by transporting captured[Read More…]

UK firms are showing a marked decline in interest in investing in the United States, according to a new Deloitte survey, with confidence in the American market falling sharply since late 2024. The survey, which polled 66 chief financial officers (CFOs) from major UK businesses, revealed that only a net[Read More…]

UK property prices remained flat in June, according to the latest Halifax data, as signs emerge in a softening labour market and subdued buyer confidence. The average home price stood at £296,665, with no change from the previous month. While this followed a 0.3% dip in May, the levelling out[Read More…]

A coalition of major UK businesses, charities, and community groups is urging the government to scrap VAT on refurbished and repaired electronics, arguing that the measure would help reduce costs for consumers, reduce waste, and support a growing circular economy. The call comes amid rising interest in sustainability and growing[Read More…]

UK interest rates are projected to fall steadily over the coming months, with the Bank of England (BoE) expected to implement a series of cuts by the end of 2025. While the base rate currently sits at 4.25 percent, financial analysts suggest this could decline to as low as 3.5[Read More…]

UK job data reveals a significant decline in entry-level employment opportunities, with a 32–33% drop in vacancies since the 2022 launch of ChatGPT, according to figures from job sites Adzuna and Indeed. While artificial intelligence has not yet triggered widespread redundancies, its growing influence is reshaping the early-career labour market.[Read More…]

The Home Office has announced a nationwide enforcement campaign targeting asylum seekers working illegally, particularly those taking delivery jobs while housed in taxpayer-funded accommodation. This action follows media revelations of individuals using delivery platform accounts to supply food orders while their asylum claims are pending. In a statement, officials described[Read More…]