Tax hikes and Employment Rights Bill driving firms to contractors August 19, 2025 Business pressures from increased costs are prompting leaders to seek alternatives to stay afloat, including going off-payroll by drafting in contractors.
Savers could miss out on £37,000 from reluctance to invest in stocks August 19, 2025 An ongoing lack of confidence in retail investing could be costing UK individuals a staggering amount of money, as people continue to opt for the safety of cash savings. Apprehension to enter the stock market could cause people to miss out on an average of £37,000 compared to investors, according to savings platform Moneybox’s financial [...]
UK growth revised up two years late August 19, 2025 The UK economy grew slightly more in 2023 than previously assumed due to a change in how official statisticians calculate research and development (R&D) data, the Office for National Statistics (ONS) said. Reflecting the difficulties in adding up output and consumption figures, the ONS said it was including new figures on tax data for R&D [...]
Most millionaires envisage better life away from the UK August 19, 2025 Nearly two thirds of millionaires envisage a better quality of life outside the UK, according to a new poll that suggests a growing pessimism among the better-off. The poll of over 1,000 UK residents with a net worth of at least £1m has suggested that Brits are less positive about life at home as 60 [...]
London businesses optimistic for future economic growth, KPMG says August 18, 2025 The vast majority of private business owners in London have recorded rocketing optimism about their growth prospects, but concerns surrounding the impact of inflation remain, according to the latest KPMG private enterprise barometer survey. Following a challenging first financial half of the year, with businesses hit with tariff turmoil and ongoing geopolitical tensions, confidence in [...]
Bank of England may face lower inflation despite ‘Oasis bump’ August 18, 2025 Bank of England forecasts on inflation for July could be too high despite suggestions Oasis concerts could make prices jump, forecasters have said. The Bank’s last Monetary Policy Report took a gloomy view on the state of the UK economy as it claimed inflation would hit 3.8 per cent in the month of July. But [...]
UK must change Bitcoin rules to catch up with Trump August 18, 2025 While Donald Trump pledges to make the US the “crypto capital of the world” the UK is slipping behind with outdated Bitcoin regulations.
Stephen Kinnock quizzed on his dad’s calls to ditch two-child benefit cap August 18, 2025 Stephen Kinnock said that discussions in government around scrapping the two-child benefit cap are “ongoing”, when asked about his father Lord Kinnock’s calls to ditch the policy. In an interview with BBC Breakfast, the health minister said: “Decisions about the Budget, decisions like that have major financial implications, they are a matter for the Chancellor.” [...]
‘Weak fiscal position’ pushes UK borrowing costs to 27-year high August 18, 2025 Government borrowing costs have jumped over the past two weeks, flashing warning signs for Chancellor Rachel Reeves. The 30-year gilt yield hit 5.57 per cent on Friday before falling back to stick around 5.54 per cent when trading began on Monday. Gilt yields are higher than levels seen in April after President Trump announced sweeping [...]
Rachel Reeves to slash environmental protections to boost builders August 18, 2025 Rachel Reeves is looking to take the axe to environmental protections blocking infrastructure projects in a bid to boost Labour’s building pledges. The Chancellor is considering reforms to prevent nature concerns from inhibiting new developments as she desperately looks to supercharge her growth agenda. Labour’s Planning and Infrastructure bill is in the committee stage at [...]