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UK SPENDING WATCHDOG
UK cuts 2026 growth forecast, flags Iran war riskThe UK government cut its 2026 growth forecast on Tuesday, as Britain's finance minister delivered a fiscal update overshadowed by concerns...- Charting the global economy: UK, Japan Budgets; wary US consumersGlobal economic trends reveal mixed signals. The UK bolstered its fiscal buffer, while Japan grapples with rising debt amid stimulus plans....
- Markets cheer UK bond sale plan as finance minister delivers fiscal updateBritish bond investors cheered lower-than-expected UK borrowing plans on Wednesday, but warned the government was likely to need tax hikes ...
- After the US, Elon Musk now plans to shake up UK politics with a $100 million donationElon Musk's meeting with Nigel Farage at Mar-a-Lago sparks speculation about a potential $100 million donation to Reform UK. This has ignit...
- IMF warns Britain against more pre-election tax cutsThe IMF warned Britain's government about missing its debt target and advised against tax cuts before the election. It increased the econom...
- Paris, Milan become the new favourite shopping destinations for travellers after London's 'Tourist Tax'After Brexit, the UK discontinued tax-free shopping incentives, leading thousands of tourists to redirect their shopping to Paris, Milan, a...
- Rishi Sunak govt bans mobile phones in all schools across EnglandUnder new government guidance, mobile phones will be prohibited in schools across England. The policy aims to ensure a consistent approach ...
- Chancellor Jeremy Hunt indicates recession in UK, GDP to fall by 1.4% in 2023The UK economy will contract even more next year, according to the Office for Budget Responsibility, as the country's citizens deal with sk...
- ‘The UK has been undergoing shambolic events — Liz Truss supported ‘fairytale economics’ as described by Rishi Sunak’"Like many nations, the UK is also suffering from the Ukraine crisis impacting energy, grain and other prices. In addition, coming out of t...
- UK shoppers turn to own-label food as inflation bites, research showsSales of branded grocery products fell by 5.1% in the four weeks to March 26, while sales of own-label, or private-label, products created ...
- Rishi Sunak extends UK's COVID-19 job retention scheme to JuneThe Indian-origin finance minister said that the "unprecedented" furlough scheme he had unveiled in March to keep millions of people in job...
- UK will recover 'quickly and strongly' after COVID-19 crisis: Rishi SunakThe economic impact of the COVID-19 crisis would be "significant, but temporary", UK's Indian-origin finance minister Rishi Sunak has said,...
- UK Parliament panel slams ‘flawed' reaction to visa row affecting many IndiansThe House of Commons PAC had opened an inquiry into a scandal dating back five years over allegations of cheating in the TOEIC, a compulsor...
- Indian students caught up in visa row take plea to Sajid JavidThe students are all connected with a scandal over allegations of cheating in the Test of English for International Communication (TOEIC).
- 'No deal' Brexit would mean costly border disruption-UK spending watchdogWith just five months to go to Brexit, Prime Minister Theresa May has yet to reach a deal with Brussels and both sides have stepped up prep...
- Britain fines Pfizer record $107 mn for huge drug price hikeThe Competition and Markets Authority (CMA) also fined Flynn Pharma 5.2 million pounds for overcharging for phenytoin sodium capsules, foll...
- UK still giving India millions in aid: ReportThe Independent Commission for Aid Impact (ICAI), which audits tax-payer funded spending by the British government, said the UK continued t...
- British spies are officially setting the standard for fighting hackersTo date, the scheme has accredited 1,200 UK professionals in a variety of roles, including penetration testers and crypto custodians.
- Fight against healthcare graft to focus on IndiaIt is estimated that 10-25 per cent of global public spending on procurement of health was lost through corruption.
- Public finance watchdog says UK needs immigrantsThe public finance watchdog said that higher levels of immigration over next 50 years would spare taxpayers from the need to endure much gr...
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