The number of millionaires in the UK fell to 442,000 in 2023, the lowest level since…
Tag: UK economy
UK Government Eliminates 5% VAT on Electricity Bills
The UK government announced on Tuesday that it will eliminate the 5% value-added tax (VAT) on…
UK PM Burnham to Cut Energy Taxes, Aims to Ease Crisis
British Prime Minister Andy Burnham announced on Tuesday that his government will eliminate value-added tax on…
Burnham cuts VAT on electricity bills to aid households
On Wednesday, UK Prime Minister Andy Burnham announced the removal of value-added tax (VAT) from household…
UK PM Burnham cuts household electricity tax from October 1
Britain's new Prime Minister Andy Burnham announced on Tuesday a reduction in taxes on household electricity…
UK borrowing falls in June as Burnham cuts VAT on energy
The UK government reported a lower-than-expected borrowing figure for June, coinciding with Prime Minister Andy Burnham's…
Wealth tax on UK’s super-rich could yield £10bn annually
A proposed wealth tax on the UK’s wealthiest households could generate £10 billion annually, according to…
UK’s New PM Burnham Faces Bond Market Pressures Ahead
Andy Burnham will become the United Kingdom's seventh prime minister on Monday, inheriting significant challenges from…
Restoring UK health to 2014 levels could boost GDP by 2%
Restoring the health of the UK population to 2014 levels could increase the country's GDP by…
UK Government Nationalizes British Steel to Secure Jobs
The UK government has nationalized British Steel, citing the need to secure jobs and maintain steel…