The UK economy may face a recession if US borrowing costs keep rising, analysts warned this…
Tag: UK economy
Jamie Dimon Urges UK Chancellor Against Bank Tax Hike
Jamie Dimon, CEO of JPMorgan Chase, warned UK Chancellor of the Exchequer John Healey against raising…
UK GDP Grows 0.4% Amid Iran War Energy Price Pressures
The UK economy grew by 0.4% in the second quarter of 2026, according to the Office…
TUC Calls for Review of OBR Ahead of October Budget
The Trades Union Congress (TUC) is urging Chancellor John Healey to initiate a comprehensive review of…
Burnham faces tax hikes or spending cuts to fund pledges
Andy Burnham, the newly appointed Prime Minister of the UK, has been warned by the National…
UK Millionaires Drop to Lowest Level Since 2008 Crisis
The number of millionaires in the UK fell to 442,000 in 2023, the lowest level since…
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…