UK businesses brace for record job cuts amid rising costs
UK businesses are preparing for the largest wave of redundancies in a decade as confidence in the economic outlook plummets, driven by tax increases set...
Tag : Rachel Reeves
UK growth forecast slashed as Bank of England lowers rates
The Bank of England (BoE) announced its first interest rate cut of 2025 on Thursday, reducing the benchmark rate by 25 basis points to 4.5%....
US-EU trade tensions rise as Trump hints at fresh tariffs soon
U.S. President Donald Trump has signaled impending trade tariffs on the European Union and the United Kingdom while hinting that a trade deal with Britain...
UK private-sector pay rises sharply but job cuts increase
British wage growth remained robust in the three months to November 2024, despite increasing indications of a weakening labor market, according to data released on...
Retailers warn of job losses following new UK budget tax hikes
The United Kingdom's retail sector is facing significant challenges following recent budget announcements, with increased financial pressures and a rise in insolvencies among retailers. The...