Cost of National Debt Hits 20-Year High
The interest the government pays on national debt has reached a 20-year high as the rate on 30-year bonds reaches 5.05%. A... Read More
UK-Asia Trade Deal To Boost UK Economy By 0.08%
The UK has signed a deal to join a trade pact with 11 Asia and Pacific nations, three years after it officially... Read More
People Face Biggest Fall In Spending Power For 70 Years
People face their biggest fall in spending power for 70 years as the surging cost of living eats into wages. The government’s... Read More
Keir Starmer Accepts £55bn ‘Black Hole’ Calculation
Labour leader Sir Keir Starmer has said he accepts that there is a £55bn gap in the public finances, a figure provided... Read More
Electric Car Drivers Must Pay Tax From 2025
Electric cars will no longer be exempt from vehicle excise duty from April 2025, the chancellor has said. Announcing the change as... Read More
Autumn Statement: Jeremy Hunt To Unveil Spending Cuts And Tax Rises
Chancellor Jeremy Hunt will pledge to face the economic “storm”, as he is expected to confirm widespread spending cuts and tax rises.... Read More
PM To Meet Head Of OBR Following Market Turmoil – Mini Budget
The prime minister will meet the head of Britain’s independent forecaster on Friday after days of market turmoil. In an unusual move,... Read More
Treasury Rejects U-Turn On Mini-Budget Despite Turmoil
The government will not abandon its mini-budget despite the Bank of England having to step in amid market turmoil, a Treasury minister... Read More
Bank of England Economist Hints At ‘Significant’ Rate Rise
The Bank of England has hinted it is prepared to ramp up interest rates in response to the recent slump in the... Read More
Rishi Sunak Criticises Liz Truss Economic Plans – Tory Leadership
Rishi Sunak has criticised Liz Truss’ economic plans, saying she cannot afford tax cuts and a support package to help tackle rising... Read More
