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RACHEL REEVES BUDGET
Brexit at 10: How Britain's financial sector recovered and evolvedPost-Brexit, London's financial landscape has witnessed a decline in its global market influence and workforce numbers. While some position...- UK to reimburse visa costs for firms bringing in overseas workersBritain is now reimbursing visa fees for fast-growing tech and innovation companies hiring international talent. This initiative, targeting...
- Taxes and Trump leave UK in a worse state than Starmer found itBritain's Prime Minister Keir Starmer faces a tough economic climate. Inflation is rising, and living standards are not improving. Economic...
- UK finance minister seeks AI, quantum funding boost as part of EU trade tiesBritain's Finance Minister Rachel Reeves announced plans for closer alignment with the European Union on business rules. The government wil...
- UK jobs market slowed again in November before budget, survey showsBritain's jobs market showed continued weakness in November as employers hesitated to hire amid budget uncertainty. While permanent job pla...
- UK unveils tax-raising budget as growth downgradedBritain’s Labour administration has rolled out a new budget, surprising many with tax increases. Aimed at shrinking the national debt and b...
- UK to levy $655 million of new tariffs on low-value importsBritain's finance minister, Rachel Reeves, plans to collect 500 million pounds yearly. This will happen by ending a tariff exemption on imp...
- UK inflation drops to 4-month low, paving way for December rate cutUK inflation is on a downward trajectory, having reached its lowest point in four months, according to October's official statistics. This ...
- IMF says UK should not scrap twice-yearly economic forecastsIn a recent advisory, the International Monetary Fund has urged the United Kingdom to maintain its biannual economic forecasts. However, th...
- After Donald Trump, UK’s Keir Starmer to lay off 50,000 civil service jobsSir Keir Starmer and Rachel Reeves are preparing to reduce the UK civil service. Reports indicate a plan to cut about 50,000 jobs by 2030. ...
- Panic grips UK's Labour after Spring statement fallout, polls show party losing ground to Tories and Reform as local elections loomLabour Party faces pressure ahead of local elections and the Runcorn by-election, with recent polls showing a drop in popularity. Rachel Re...
- Rachel Reeves presents UK budget update: Key takeaways from Chancellor’s Spring Statement 2025Chancellor Rachel Reeves delivered her budget update to Parliament, focused on economic stability, growth, and investment. She excluded fut...
- UK to become 'defence industrial superpower', finance minister saysBritain's finance minister Rachel Reeves announced an extra £2.2 billion for the defence sector in her budget update, aiming to make the UK...
- Ahead of key speech, UK Chancellor says 10K civil service jobs to be cutThe Labour government will stick with its plan to lift real-term spending in every year of this parliament, but prioritize where the money ...
- Britain set to overshoot borrowing forecastsGovernment revenue exceeded spending by £15.4 billion ($19.5 billion), the Office for National Statistics said Friday. It was the largest J...
- UK Chancellor Rachel Reeves backs Heathrow Airport expansion planIn a speech on Wednesday, Chancellor Rachel Reeves spoke about economic growth and said a third runway is "badly needed".
- UK economy declines for second straight monthIt was the first consecutive drop in monthly GDP, which is volatile and prone to revision, since March and April 2020, when Britain enforce...
- UK economy grows by just 0.1% in Q3The UK economy expanded by a weaker-than-anticipated 0.1% in the second quarter of 2024, falling short of economists' predictions. This slo...
- UK to raise more from inheritance tax: ReportBritish finance minister Rachel Reeves plans to increase inheritance tax revenue in her budget on Oct. 30 to address a government budget sh...
- UK Labour Party would reverse Tory tax cut for the wealthiest to fund healthcare. Read detailsBritain’s Labour Party has taken a decisive view of the Chancellor's several tax cut measures announced last week. In the annual party conf...
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