Rachel Reeves has blamed “global uncertainty” for the sweeping budget cuts aimed at addressing a fiscal deficit driven by rising borrowing costs and sluggish economic growth. Addressing the House of ...
The UK's inflation rate has fallen more than anticipated, reaching 2.8% in February, offering a brief moment of economic optimism ahead of Chancellor Rachel Reeves’ upcoming spring statement. According to ...
Deputy Prime Minister Angela Rayner has defended the government's proposed welfare cuts, arguing that working-class people seek job opportunities rather than financial "handouts." The reforms, set to save £5 billion, ...
Labour is facing mounting criticism over potential changes to the UK's digital services tax, a move that could benefit major tech giants like Meta and Amazon. Chancellor Rachel Reeves confirmed ...
The UK is bracing for fresh spending cuts as Chancellor Rachel Reeves prepares to unveil a series of reductions in next week’s budget, fueling fears of a return to austerity. ...
UK’s economic recovery has been dealt a fresh blow as the Organization for Economic Co-operation and Development (OECD) slashes its growth forecast, citing the impact of a deepening trade war ...
The UK economy contracted by 0.1 percent in January 2025, delivering a blow to Chancellor Rachel Reeves and Prime Minister Keir Starmer’s economic agenda, according to the Office for National ...
The UK economy saw a surprise uptick in the final quarter of 2024, providing a boost to Chancellor Rachel Reeves after months of economic stagnation. Official data from the Office ...
Rachel Reeves has received a much-needed boost in her push for economic growth in the UK after the Bank of England announced a cut in interest rates. However, projections indicating ...
Rachel Reeves has suffered a significant blow to her efforts to restore business confidence after pharmaceutical giant AstraZeneca scrapped plans for a £450 million vaccine manufacturing plant in Merseyside. The ...
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