11 h. ago Time for an emergency budget? Rachel Reeves facing fresh turmoil after GDP falls again

Sparking further warnings of a tax raid this autumn, the Office for National Statistics ( ONS ) said gross domestic product (GDP) contracted by 0.1 per cent.

Economics

11 h. ago Chancellor to open ‘front door’ for investors in UK with concierge service

Rachel Reeves will use Mansion House speech next week to launch growth plan for financial services sector

Economics

14 h. ago After the economy shrinks again, summer rate cut 'looks inevitable'

Experts said that, combined with signs of a deteriorating jobs market, it would add further pressure on the Bank of England to cut interest rates.

Economics

16 h. ago The National Trust to axe 550 jobs after Rachel Reeves' tax raid budget added £10million to charity's annual wage bill

The conservation charity said rising costs were outstripping growth in visitors and donations and it needed to reduce the pay bill as well as finding savings worth £26 million

Economics

16 h. ago Rachel Reeves’s growth mission is struggling to get off the ground

Editorial: The chancellor is said to be ‘disappointed’ after the UK economy unexpectedly shrank for the second month in a row in May, as well she might be

Events

17 h. ago HSBC becomes first UK bank to quit industry’s net zero alliance

Campaigners condemn ‘troubling’ move that follows departure of six of largest US banks after Trump’s electionHSBC has become the first UK bank to leave the global banking industry’s net zero target-setting group, as campaigners warned it was a “troubling” sign over the lender’s commitment to tackling the climate crisis.The move risks triggering further departures from the Net Zero Banking Alliance (NZBA) by UK banks, in a fresh blow to international climate coordination efforts. Continue reading...

Politics

18 h. ago Cash ISA limit update as 'decision made' ahead of Rachel Reeves speech

Speculation had been mounting that the annual tax-free allowance would be cut

Politics

19 h. ago More than 500 small boat migrants arrived in Britain on day of Keir Starmer's 'one in, one out' deal

The figures are a fresh blow to the Labour leader and the number of crossings over the year so far to 21,690, which is more than a 50 per cent higher than 2024.

Economics

22 h. ago Cash Isa allowance will NOT be cut by Rachel Reeves next week

The Chancellor will not cut the cash Isa allowance from £20,000 next week, This is Money understands.

Politics

23 h. ago Voices: The economy has shrunk yet again – but it’s not all doom and gloom...

The hangover from Trump’s tariffs at the start of the year is proving tougher to shake than expected, writes James Moore – but there is a slight silver lining

Economics

23 h. ago Rachel Reeves says May’s fall in GDP is ‘disappointing’; Trump tariffs knock markets – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

25 h. ago Business news live: Rachel Reeves reacts to ‘disappointing’ GDP figures, more lenders join sub

Stock markets updates and business news from Friday

Politics

25 h. ago Reeves ‘disappointed’ after UK economy unexpectedly shrinks for second month in a row

It followed a 0.3 per cent contraction in April, when US president Donald Trump announced tariffs

Politics

25 h. ago Cash ISA £20,000 limit update after speculation ahead of Chancellor's speech

It's believed that Rachel Reeves will shift her focus

Economics

25 h. ago Rachel Reeves says GDP figures ‘are disappointing’ after UK economy shrinks for second month in a row – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

25 h. ago Major update on cash ISA changes as Martin Lewis urges Rachel Reeves not to make 'mistake'

Reports previously suggested that the Government has discussed lowering the threshold for the cash part of the ISA to as low as £4,000, in order to try and encourage people to invest

Politics

25 h. ago Cash Isa limits set to be left untouched at next week’s Mansion House speech

It is understood that Chancellor Rachel Reeves will focus on new plans to provide consumers with the information and support they need to invest.

Politics

26 h. ago Rachel Reeves say GDP figures ‘are disappointing’ after UK economy shrinks for second month in a row – business live

Latest economic report shows UK GDP fell by 0.1% in May, following 0.3% fall in April.Full story: UK economy shrinks unexpectedly by 0.1% in blow to Rachel ReevesUS will impose 35% tariffs on Canadian imports, Trump says in letterChancellor Rachel Reeves has described the latest GDP figures as “disappointing”.Following this morning’s news that the UK economy contracted by 0.1% in May, Reeves points to the government’s efforts to support households financially:“Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.“The choices we have made in our first year in government have seen us extend the £3 bus fare cap, fund Free School Meals for over half a million more children, press ahead with plans to deliver free breakfast clubs for every child in the country and increase the National Minimum and National Living Wage, giving a pay rise to 3 million workers.“Flatli...

Economics

27 h. ago UK on recession alert: Tax hike fears mount as GDP FALLS for the second month in a row

The grim figures heap pressure on the Chancellor, who has been hoping that growth can help her balance the government books.

Economics

27 h. ago Business news live: Economy figures ‘disappointing’ says Rachel Reeves, more lenders join sub

Stock markets updates and business news from Friday

Economics