UK Economy
Sixty percent of British Gen Z back new vote on EU membership
New polling reveals that sixty percent of British Gen Z support a fresh public vote on EU membership, driven by economic fallout from Brexit.
John Healey calls benefit bill reduction a moral duty at Labour conference
Chancellor John Healey used his Labour conference address to frame welfare reduction as a moral imperative, unveiling a £100m apprenticeship expansion.
Living Wage Foundation finds third of low-paid UK workers have no savings
Nearly a third of low-paid UK workers now possess zero savings, leaving millions severely exposed to financial shocks amid rising costs.
Britain's Debt Crisis in Statejacket Report Calls for State Reshaping
A major Ukonward report warns that Britain faces severe financial risk due to an overmighty statejacket, surging national debt, and collapsing NHS dentistry.
UK economic growth to slow next year amid Middle East conflict impact
International forecasters warn that UK economic growth will slow next year as fallout from the Middle East conflict hits energy markets and stokes inflation.
Kemi Badenoch pledges tax-free shopping return to rescue high streets
Conservative leader Kemi Badenoch has pledged to reintroduce tax-free shopping for international visitors to help British high streets. The move comes as retailers face job losses and pressure over commercial property taxes.
Bank of England expected to raise interest rates four times
Money market traders are heavily betting that the Bank of England will raise interest rates four times by next summer, pushing the rate to 4.75% as energy costs surge.
AI boom helps drive surprise UK growth in July
The UK economy expanded by an unexpected 0.4 per cent in July, propelled by a surge in artificial intelligence activity and tech sector growth.
John Healey backs growth but says Labour must be honest on spending
Chancellor John Healey vowed to make Britain's economy grow while warning of strict spending controls and refusing to rule out upcoming tax rises.
Liz Truss Defends Mini-Budget After Chancellor John Healey Blames Economic Stagnation
Liz Truss has hit back at Chancellor John Healey after he blamed the legacy of her administration for persistent economic stagnation and high borrowing costs.
John Healey unveils £150m fund for northern firms in an effort to boost growth
Chancellor John Healey has announced a £150 million fund directed at fast-growing northern enterprises as part of a new regional economic strategy ahead of the upcoming budget.
Labour doesn’t understand the meaning of the word ‘growth’
UK political discourse increasingly uses economic buzzwords to mask structural vulnerabilities, spanning local licensing disputes and national fiscal rules.
Andy Burnham faces criticism over unfunded tax cuts and spending plans
Prime Minister Andy Burnham is facing political backlash over a wave of unfunded tax cuts and revived proposals for a major social care estate levy.
Business rates to be cut by 20% for pubs, clubs and music venues in England
The government is introducing a 20% business rates reduction for nearly 32,000 hospitality businesses to help alleviate rising financial pressures.
UK Prime Minister Andy Burnham scraps electricity tax to spark growth
U.K. Prime Minister Andy Burnham has announced the removal of the tax on home electricity to provide cost-of-living relief. The government will fund this by cancelling plans for a digital ID to maintain fiscal discipline.
Andy Burnham pledges economic reset as new PM with Healey at Treasury
Following the resignation of Sir Keir Starmer, Prime Minister Andy Burnham has appointed John Healey as Chancellor of the Exchequer. The administration's focus on regional decentralization and fiscal policy changes has triggered volatility in UK bond markets.
Sterling edges higher after John Healey appointed as new British finance minister
The pound fluctuated against the dollar following the surprise appointment of John Healey as finance minister under Prime Minister Andy Burnham. Investors are now focused on how the new leadership will balance fiscal goals with competing demands for defense and welfare spending.
Andy Burnham sworn in as UK PM, pledges new political and economic model
Prime Minister Andy Burnham has begun his term with a sweeping cabinet reshuffle and an immediate policy shift to scrap VAT on household electricity.
KPMG warns rising energy prices threaten UK growth and interest rate cuts
Rising energy costs and supply disruptions are putting the UK's economic recovery at risk and keeping inflation above the Bank of England's 2 percent target. Analysts are divided on whether borrowing costs will fall by the end of 2026 or remain steady due to persistent inflation.
Andy Burnham weighs property tax and capital gains reforms as PM
Prime Minister Andy Burnham is planning a significant overhaul of the tax system, targeting property wealth and capital gains to balance national finances.