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UK economy

  • Revolut eyes trading and wealth push amid hiring spree

    March 24, 2026

    Revolut has laid out its initial blue-print for major expansion in its trading operations after the fintech giant bagged its full-fat UK banking licence earlier this month.  The $75bn digital banking juggernaut has kicked off a hiring spree at its Canary Wharf headquarters as well as other financial hubs across the globe. The fintech has [...]

  • Manic Monday: How Trump rocked global markets

    March 23, 2026

    President Donald Trump sent global markets on a rollercoaster ride as traders were left stunned by mixed messages coming from the US administration and the Iranian regime. The Brent Crude oil price was trading around $114 per barrel before Trump said in a post on Truth Social that he was pausing strikes due to “productive” [...]

  • Starmer admits defence upgrade doesn’t have enough funding

    March 23, 2026

    Sir Keir Starmer has admitted the government’s proposed defence plan does not have enough as he vowed to “resolve” the rift between the Treasury and the Ministry of Defence. The Prime Minister admitted a target to raise spending on defence from 2.5 per cent of GDP in 2027 to 3.5 per cent in 2035 required [...]

  • How the Bank of England will read into outdated inflation data

    March 23, 2026

    Can data be redundant? The Office for National Statistics will this week give the impression that inflation is stable. Economists have predicted the consumer price index inflation print for the year to February to come in at three per cent, like last month, which would have otherwise made for satisfactory reading. But the figures precede [...]

  • Small businesses ‘dismayed’ at HMRC plan to tighten tax rules

    March 23, 2026

    Small businesses are “dismayed” at the prospect of tax rules being tightened under new proposals set out by HMRC. The rules, which are subject to a consultation, would require close companies, which are defined as firms controlled by five or fewer individuals, to provide HMRC with details of all transactions between the company and its [...]

  • Holidaymakers face billion-pound tax on ‘great British holiday’

    March 23, 2026

    The “great British holiday” is under threat from a proposed tax which would hit visitors with £1.6bn in new charges and threaten 33,000 jobs, hospitality bosses have warned. The country’s holiday economy could be “decimated” by a levy on tourist accommodation which would turn away domestic and international holidaymakers, according to new modelling. Industry body [...]

  • Trump’s call to pause strikes in Iran boosts markets

    March 23, 2026

    Global markets leaped on news that President Trump paused strikes on Iranian infrastructure as he hinted that negotiations had been “very good and productive”. Brent crude – the international benchmark for oil prices – plunged back to below $100 per barrle after having jumped to $112 earlier in the day. The FTSE 100 also rose [...]

  • Pagefield owner PPHC ramps up political consultancy with WPI acquisition

    March 23, 2026

    AIM-listed consultancy firm PPHC has ramped up its politics offering after acquiring government relations business WPI Strategy. Founded in 2014, WPI turns over around £2.5m per year and counts the likes of London City Airport, Microsoft, Pension Insurance Corporation, and Vodafone Three among its clients.  The company, which counts a number of former Labour advisers [...]

  • Starmer vows to use ‘every lever’ to protect Brits from damage to UK economy 

    March 23, 2026

    Sir Keir Starmer has vowed to use “every lever” to prevent households from being hit by higher energy prices amid growing fears the Iran war is wreaking havoc on the UK economy.  On Monday morning, the Prime Minister suggested an emergency Cobra meeting between the most senior government ministers and the Bank of England governor [...]

  • Ministers are sacrificing growth for votes, say top business bosses

    March 23, 2026

    Government ministers have undermined the UK’s long-term economic interests by becoming “trapped” into making poor short-term policy decisions to appease voters, Britain’s top business bosses have warned. The group of corporate leaders, which include Natwest chair Rick Haythornthwaite, Heathrow chair Philip Jansen and Barratt Redrow chair Caroline Silver, said successive governments have failed to prioritise [...]

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