Facing low pay and rising rents, a quarter of young Brits weigh UK exit July 29, 2025 Over a quarter of young Brits are considering leaving the UK to escape the country’s stuttering economy and unaffordable housing market. As many as 28 per cent of 18-30 year-olds are either planning to quit the UK or have seriously considered emigrating, according to a poll from free-market think tank the Adam Smith Institute (ASI). [...]
IMF upgrades world economy’s growth forecast as Trump’s tariffs reduced July 29, 2025 The world economy will not suffer as badly from President Trump’s tariffs as previously thought, the International Monetary Fund (IMF) has predicted. Global growth is set to be three per cent this year, the IMF said, which is higher than its previous 2.8 per cent forecast made in April. The world economy will grow by [...]
JP Morgan: Rachel Reeves could slash headroom to avoid large tax rises July 29, 2025 Chancellor Rachel Reeves is poised to reduce her wafer-thin £9.9bn headroom even further at the Autumn Budget to avoid making sweeping tax rises, analysts at one of the world’s biggest banks have predicted. Leading think tanks and City analysts have warned that Rachel Reeves will look to raise as much as £30bn in taxes later [...]
Mortgages rebound in lift for housing market July 29, 2025 Britons’ borrowing of mortgages and consumer credit rose at a faster pace in June, fresh Bank of England data has revealed, in signs that the recovery in the housing market is “well underway”. In monthly statistics released by the Bank to signal trends in the UK banking system, it was revealed that net borrowing of [...]
EU-US trade deal faces criticism from European leaders July 28, 2025 European leaders have poured scorn on the EU-US trade deal struck by President Donald Trump and European Commission chief Ursula von der Leyen over the weekend, with many viewing the agreement as a victory for Trump rather than their own countries. While the pact announced on Sunday has helped dodge a potential transatlantic trade war, [...]
Is Brexit Britain a winner of the EU and US trade tie-up? July 28, 2025 Brexit Britain is set to have curbed another President Donald Trump trade offensive after the US and EU inked a deal which economists dubbed a White House win and European retreat. The deal, announced late Sunday night, will see the original US-imposed tariffs of 30 per cent on the EU slashed to 15 per cent. [...]
Goods now make up just 40 per cent of UK exports July 28, 2025 The proportion of UK exports made up of goods has sunk to a record low, with the economy ever more dependent upon services. That’s according to analysis done by the Financial Times based on Office for National Statistics (ONS) data, which found that goods now account for just 40.8 per cent of exports. Back in [...]
Trump secures ‘big win’ in EU trade deal after Brussels retreats July 28, 2025 President Donald Trump has achieved a “big win” after inking a trade agreement with the European Union following a months-long standoff between two of the world’s largest economic titans. The US President met with European Commission President Ursula von der Leyen in Scotland to continue trade discussions as part of his four-day private visit to [...]
Rachel Reeves urges cabinet to boost British jobs as employment slides July 26, 2025 Rachel Reeves has told cabinet ministers to ensure government contracts go to companies that will boost British workers as employment figures continue to struggle. The Chancellor, along with Chancellor to the Duchy of Lancaster Pat McFadden, told their colleagues that the billions in public spending on transport and infrastructure projects must be utilised as an [...]
Chetwood Bank surpasses £5bn after strong growth July 25, 2025 Chetwood Bank’s balance sheet has exceeded £5bn for the first time, City AM can reveal, after growing by £1bn in just three months. The digital challenger bank surpassed the milestone in July, with chief executive Paul Noble noting the bank’s “great growth trajectory” and expanding customer base to the rise, after the balance sheet stood [...]