Finance News – U.K.
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ONS blames government figures after revealing April inflation error
The miscalculation in April’s inflation rate, caused by incorrect vehicle excise duty data, may impact economic policy decisions and market confidence in official financial statist...
Read Full Article →UK retail sales boost as Brits enjoy warm weather
Retail sales in the UK increased notably in April, supported by favorable weather conditions that encouraged higher consumer spending on groceries, leading to a significant improve...
Read Full Article →UK private sector shrinking as firms cut jobs; pressure to raise taxes as government borrowing jumps...
Rising government borrowing in the UK highlights increased fiscal challenges, as economic contraction and job reductions in private firms intensify pressure on budget policies and...
Read Full Article →UK net migration almost halves in 2024
The substantial decrease in net migration during 2024 may influence the UK’s labor market and public spending, potentially affecting economic growth and government resource allocat...
Read Full Article →UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves
The unexpected increase in public sector borrowing to £20.2 billion highlights the ongoing challenge of balancing economic growth and fiscal responsibility for the UK government.
Read Full Article →Energy bill defaults hit record high, says ONS
Recent data from the government indicates a rising number of households are facing financial difficulties, leading to an increased rate of missed automatic payments for utility ser...
Read Full Article →Boost for Rachel Reeves as UK economy booms in first quarter
The UK experienced a notable increase in economic output during the first quarter, indicating enhanced business activity likely influenced by anticipated tax changes and internatio...
Read Full Article →UK economy defies gloomy warnings to grow 0.7% in first quarter of year
The economy's unexpected expansion in early 2024 reflects increased business investment and export activity, boosting market confidence despite previous forecasts of economic downt...
Read Full Article →UK unemployment rises to highest in nearly four years
Increased employer national insurance payments have coincided with a decline in available positions, contributing to a slower labor market and a growth in the proportion of individ...
Read Full Article →Employment levels slump as Reeves’ taxes bite
The recent decline in job numbers reflects the impact of increased taxation on businesses, which appears to have reduced employer profitability and subsequently affected workforce...
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