Category: Economic recovery

Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget

Exclusive: Chancellor hints at rises and calls out past ‘scaremongering’ over VAT on private schools and changes to non-domsRachel Reeves has said higher taxes on the UK’s wealthy will form part of next...

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Staff layoffs in UK gain pace amid Trump tariff turmoil and labour cost increases

Surveys show employer confidence at record low, prompting job cuts and hiring freezeUK rate cut may fail to improve voters’ dim view of the governmentUK employers laid off staff in April at a faster pace than the previous...

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Five economic factors that will govern Rachel Reeves’s spring statement

The chancellor will address MPs on Wednesday, warning of tough spending cuts amid rising government borrowing costsWhat to expect from Rachel Reeves’s (brief) spring statementRachel Reeves will give her spring statement on...

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IMF warns Trump trade tariffs could dent global economy

New report upgrades outlook for UK economy with growth now forecast at 1.1% rather than 0.7%While the IMF is upbeat about global growth it knows where dangers lurkThe International Monetary Fund has warned the trade tariffs...

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Labour considers up to £3bn tax raid on gambling firms

Treasury weighing proposals as chancellor attempts to plug £22bn hole in public financesThe gambler who turned tables on bookies and lobbies for UK tax riseRachel Reeves spends first 100 days in power trying to ride two...

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UK business confidence dips to lowest level since general election

Research concludes Labour warnings of tough budget may have sapped optimism about the economyUK business confidence has dropped to its lowest level since the general election, as firms grow more pessimistic about the economic...

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Labour landslide may boost investment and confidence in UK, say City analysts

Strong mandate for Keir Starmer’s party should help restore Britain’s ‘safe haven’ status, knocked by Liz Truss and BrexitA landslide victory for Keir Starmer in the general election on Thursday could...

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Warmer weather and falling UK inflation lift retail sales

ONS says most retailers enjoyed a better month in May, with increases in clothing and household goodsBusiness live – latest updatesSpending in shops and online bounced back strongly last month as better weather, falling...

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UK unemployment rising at fastest pace of OECD countries, analysis shows

TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in AprilUnemployment is rising in the UK at the fastest pace among 38 of the world’s richest countries, according to...

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UK will be worst performer in G7 next year, OECD forecasts

UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economyThe UK will be the worst-performing economy in the G7 next year, according to the Organisation for...

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