Chancellor of the Exchequer Rachel Reeves has reaffirmed the Labour government’s pledge not to raise key taxes, including Income Tax, National Insurance Contributions (NICs), or Value Added Tax (VAT), amid mounting speculation that additional revenue may be needed to plug budget shortfalls. Despite growing concern from economists and political commentators,[Read More…]

Chancellor Rachel Reeves is set to announce a comprehensive review of workplace pension contributions in her mansion House speech on July 15. The review will be led by a newly appointed commission and will assess whether retirement savings from both employees and employers are sufficient. The initiative, first promised in[Read More…]

Fuel prices in the UK have continued to rise despite a recent decline in global oil prices, with the average cost of filling up a 55-litre family car now reaching £73.78 for petrol and £77.67 for diesel, according to figures from the RAC. The latest data reveals that petrol prices[Read More…]

Despite the rise of remote working and a pandemic-era shift toward rural and coastal living, cities across Great Britain have seen a resurgence in popularity among first-time homebuyers. New analysis reveals that interest in city living has increased significantly over the past decade, with Dundee topping the list of urban[Read More…]

Battery electric vehicle sales in the United Kingdom jumped by over a third in the first six months of 2025, according to early figures, signalling renewed momentum in the transition to cleaner transport. Preliminary data from the Society of Motor Manufacturers and Traders (SMMT) showed a 34.6% increase in electric[Read More…]

Financial markets have shown signs of recovery following Prime Minister Keir Starmer’s firm support for Chancellor Rachel Reeves, helping to ease investor concerns after a turbulent day in Westminster.  On Wednesday, Reeves became visibly emotional during Prime Minister’s Questions after the government reversed major welfare reform plans, leaving a £5[Read More…]

Economic analysts say the UK government’s recent reversal of key welfare reforms has eliminated projected savings and placed further strain on the national budget. The scrapped plans, particularly the decision to halt changes to Personal Independence Payments (PIP), have created a £5 billion hole in the fiscal framework and raised[Read More…]

Bank of England policymaker Alan Taylor has warned that the UK’s soft landing is at risk, pointing to weakening demand and trade. He said up to five rate cuts may be needed this year to support the slowing economy, signalling a shift toward more aggressive easing. At a central banking[Read More…]

Governments worldwide are moving quickly to secure trade agreements with the United States ahead of a tariff deadline on July 9. The negotiations follow Washington’s push to revive a version of the “reciprocal tariffs” policy first introduced under the Trump administration. The shift has raised concerns about potential tariff increases[Read More…]

The UK’s fiscal watchdog has admitted that years of “overly optimistic” economic forecasts could leave Chancellor Rachel Reeves facing a budget shortfall of up to £18 billion, raising urgent questions over the sustainability of the government’s financial plans. The Office for Budget Responsibility (OBR), which provides independent economic forecasts for[Read More…]