UK economy rebound hopes gather as City ‘ready to invest’ June 17, 2025 The UK economy could rebound May as a new business survey has signalled “tentative hope” that Chancellor Reeves can deliver higher growth. According to Lloyds’ latest sector tracker, two more areas of the economy saw output expand compared to data for April, a month which recorded a 0.3 per cent contract in GDP per official [...]
Further job cuts needed to cope with tax raid, businesses warn June 17, 2025 Businesses across Britain are planning another round of job cuts to deal with the pain of Rachel Reeves’ national insurance raid, laying bare the scale of the financial pressure wrought by the government’s £20bn tax hike after it came into effect in April. As many as one in three businesses said they were planning to [...]
Inflation set to ease slightly before interest rates decision June 16, 2025 UK inflation is set to ease slightly to 3.3 per cent in May, according to a poll of economists, in a final set of data to be seen by Bank of England officials before they come to an interest rates decision on Thursday. A slightly lower rate of inflation would enthuse investors, who currently predict [...]
Peel Hunt: UK stock market held back by ‘lack of self esteem’ June 16, 2025 The boss of City broker Peel Hunt has said London markets are being held back by a “domestic lack of self esteem”. Steven Fine, Peel Hunt’s chief executive, told City AM the UK believes it is in “a lot worse shape than the rest of the world does,” which has led to a cheapening of [...]
UK manufacturers look East as production hopes rise June 16, 2025 UK manufacturers are ditching President Trump’s United States and looking to find trading partners in Asia and the Middle East, according to a leading industry body. The US has fallen out of the top three preferred regions as a growth market for UK manufacturers, the first time since surveys started eleven years ago, Make UK [...]
FTSE 100 shrugs off Israel-Iran strikes June 16, 2025 The FTSE 100 was unmoved by simmering tensions in Israel and Iran, despite reports that the UK was scrambling to send fighter jets, and conflict in the Middle East was on the brink of a significant escalation with US involvement. The UK’s leading index was up 0.2 per cent after the first hour of trading, [...]
Reeves to lay out 10-year infrastructure plan worth £725bn June 15, 2025 Chancellor Reeves is set to deliver a 10-year infrastructure strategy plan which will lay out efforts to boost growth and upgrade services across the UK. The new blueprint for UK infrastructure will come around a week after Reeves delivered the Spending Review, which marked out £190bn in extra government spending commitments for the years between [...]
Bank of England loses hundreds of laptops amid rising cyber threats June 13, 2025 The Bank of England has come under fire after losing hundreds of tech devices worth nearly £300,000. Figures seen by City AM reveal the Bank of England lost or had stolen over 300 laptops, tablets and phones between May 2022 and March 2025. Patrick Sullivan, chief executive of think tank Parliament Street, said: “The Bank [...]
UK firms dodge Labour tax raid with WFH roles abroad June 13, 2025 UK companies are turning to work-from-home (WFH) South Africans and other workers in East Asia in a cost-cutting drive to dodge Rachel Reeves’ £20bn tax raid on employers and stringent workers’ rights. Prime Minister Sir Keir Starmer has spoken about his determination to “put working people’s priorities first” while welfare cuts have been made to [...]
Spending Review: IFS chief suggests Treasury ‘making up numbers’ over DOGE-style Whitehall cuts June 12, 2025 The Ministry of Defence and Department for Health and Social Care are slated to see billions cut in Whitehall budgets in what a DOGE-style body within the Treasury described as “efficiency gains” – despite both departments set to see a real terms increase in spending between 2026 and 2029. A new government document has revealed [...]