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The UK is on track to have the loftiest affectation rate among the G7 nations this time, according to a new report from the Organisation for Economic Co-operation and Development( OECD). The OECD raised its cast for UK affectation to 3.5 percent for 2025, condemning advanced food costs. That’s up from its former estimate of…
UK government borrowing in August hit the loftiest position for the month in five times, rearmost numbers show, adding to the pressure on the chancellor ahead of the Budget. Borrowing- the difference between public spending and duty income- was£ 18bn in August, the Office for National Statistics( ONS) said, which was advanced than judges had…
The UK government says it has secured£ 150bn worth of US investment which it hopes will produce 7,600 jobs. The advertisement came on the day that US President Donald Trump and Prime Minister Sir Keir Starmer inked an agreement dubbed the” Tech Prosperity Deal” which sees enterprises similar as Microsoft and Google pledging to spend…
US pharmaceutical giant Merck has scrapped plans for a £1 billion expansion in the UK, blaming weak government support for the life sciences sector. The company, known as MSD in Europe, said it will shift its research focus to the US and cut jobs in Britain. It accused successive UK governments of undervaluing new medicines…
Conservative leader Kemi Badenoch says she is “really worried” the UK may be pushed into asking the International Monetary Fund for help, drawing parallels with the country’s 1976 bailout. Speaking to BBC Newsnight, Badenoch warned the government could end up going “cap in hand” to the IMF unless it comes up with a credible plan…
It’s been a rocky return to Westminster. A wave of resignations, cabinet reshuffles, and nervous markets have set the stage for Rachel Reeves’ second Budget on November 26. Reeves, firmly in place despite the deputy prime minister’s exit, announced the date in Birmingham while touring a housing site. Wearing a hard hat and wielding a…
Sales of British-made cars to the US saw a surprise boost in July, following the rollout of the new UK-US tariff agreement. According to data from the Society of Motor Manufacturers and Traders (SMMT), exports rose 6.8% after three months of steady declines. The sharp rise comes after a turbulent few months. In April, US…
