Business UK Economic Outlook Dampened by Record £40 Billion Tax IncreaseBy Sam Allcock30 October 2024 The latest budget reveals a £40 billion tax hike, set to reshape the UK economy. Chancellor Reeves’s plan implements increases…
Business Significant action needed to stabilise UK finances, warns OECDBy Scott Dylan18 September 2024 The Organisation for Economic Co-operation and Development (OECD) has issued a stark warning to Chancellor Rachel Reeves, underscoring the urgent…
Economy UK debt could triple to 300% of GDP within 50 years, OBR warnsBy Scott Dylan13 September 2024 The Office for Budget Responsibility (OBR) has raised a serious alarm regarding the UK’s public finances. The independent watchdog projects…
Economy Reeves Accuses Hunt of ‘Deliberate Lies’ Over Public FinancesBy Scott Dylan30 July 2024 Rachel Reeves has accused Jeremy Hunt of deliberate deception regarding the state of public finances, sparking a political debate.Reeves alleges…
Business Rachel Reeves to Address 19bn Financial Shortfall with Potential Tax IncreasesBy Scott Dylan26 July 2024 In light of mounting fiscal challenges, Labour Chancellor Rachel Reeves is set to disclose a significant £19bn shortfall in public…
Business Rachel Reeves poised for 25bn tax rise, predicts former Bank of England ratesetterBy Scott Dylan25 July 2024 Rachel Reeves may use a financial review to launch £25bn in tax rises, as former Bank of England ratesetter Michael…
Business UK economic growth projections revised upwards, announces KPMGBy Scott Dylan1 July 2024 KPMG has significantly upgraded the United Kingdom’s GDP growth forecast for 2024 to 0.5%, a marked increase from its previous…
Business Government Borrowing in May Reaches Post-Covid PeakBy Scott Dylan22 June 2024 Government borrowing in the UK surged to £15bn in May, marking the highest level since the Covid crisis. This figure,…
