8 h. ago Here comes my Budget... and you're not going to like it! Rachel Reeves braces Brits for more tax misery as she blames Brexit

Rachel Reeves admitted the economy is 'not working as it should' and she does not 'like' the situation as government borrowing hit a new post-Covid high.

Economics

9 h. ago 'Tax bomb' warning as government borrowing hits highest level in five years

Public sector net borrowing rose to £20.2 billion for the month, £1.6 billion higher than in September 2024. It puts more pressure on Chancellor Rachel Reeves ahead of the Budget

Events

10 h. ago Rachel Reeves tells business leaders Brexit is to blame for UK economic woe as fears mount over Budget raids on 'wealth' and pensions after borrowing hits new high

The Chancellor admitted the economy is 'not working as it should' as government borrowing hit a new high, but denied it was 'broken'.

Economics

13 h. ago Fears mount over Budget raids on 'wealth' and pensions after government borrowing hits new high

Public sector net borrowing was £20.2billion last month, £1.6billion higher than the same period a year earlier.

Economics

16 h. ago More woe for Reeves as government borrowing hits new September record outside of Covid with MPs clamouring for 'wealth taxes' at Budget

Public sector net borrowing was £20.2billion last month, £1.6billion higher than the same period a year earlier.

Economics

47 h. ago To hit back at the United States in their trade war, China borrows from the US playbook

China has expanded its export rules on rare earths, requiring foreign firms to get approval for exporting products containing even small amounts of China-originated materials

Events

4 d. ago Nearly £11bn wiped off UK banks after US regional banking fears spooked markets – business live

European stock markets have fallen after two US regional lenders disclosed on Thursday that they were exposed to alleged fraud by borrowersGlobal markets fall and gold hits record high amid jitters over US banksUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

8 d. ago Rachel Reeves warned against pensions tax raid or annual wealth tax at budget

The chancellor is facing increasing pressure to rescue the UK’s troubled finances in the Budget but the IFS has warned against raiding pensions or levying a wealth tax

Economics

9 d. ago Rachel Reeves warned against pensions tax raid or wealth tax at budget

The chancellor is facing increasing pressure to rescue the UK’s troubled finances in the Budget but the IFS has warned against raiding pensions or levying a wealth tax

Economics