Rachel Reeves faces a fresh setback after damning consumer poll
It added to the gathering gloom over the economy at the start of the year as supermarket chain Sainsbury's yesterday revealed a cull of jobs while Primark said its sales were suffering.
UK Consumer Morale Sinks to Lowest Since Late 2023: GfK Survey
The monthly consumer confidence index published by market research firm GfK fell in January to -22 from -17 in December, its lowest reading since December 2023. A Reuters poll of economists had ...
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Labour softens non-dom tax phase-out
Non-dom status enables people who live in the UK to avoid paying UK tax on money made abroad because their permanent home for tax purposes is outside the country. Labour’s pledge to scrap this status ...
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Boost for prime London sales as Chancellor ‘relaxes’ non-dom clampdown
Prime estate agency brands have backed plans to partially relax changes to the non-dom regime but concerns remain over the impact of inheritance tax rules.
New £9bn deal nuclear submarines deal will create 1,000 jobs, ministers say as Reeves scrambles for growth
New £9bn deal nuclear submarines deal will create 1,000 jobs, ministers say as Reeves scrambles for growth - Announcement comes hours after Sainsbury’s says it will cut 3,000 jobs and close cafes foll ...
Inheritance tax named UK’s most-hated levy as Rachel Reeves makes Britons pay more of it
Britons overwhelmingly support abolishing or cutting inheritance tax, according to a major new poll. It is the most hated levy charged by the Government, considered to be unfair by more people than ...
Pro-Business Policies and Economic Reforms in the U.K.
At WSJ Journal House Davos, British Chancellor of the Exchequer Rachel Reeves addresses criticism from the business community and discusses how the government plans on making the country more ...
Rachel Reeves to soften non-dom tax changes
Plans to abolish non-dom status will be amended to allow a more generous phase out of tax benefits, Chancellor Rachel Reeves ...
Watchdog warns Rachel Reeves looser lending for first time buyers could mean home repossessions double
Chief Executive Nikhil Rathi told MPs that any move to make borrowing easier for first time buyers could lead to the rise of people ultimately losing their homes ...
U.K. Will Stick to Fiscal Rules, Reeves Tells WSJ
After a surge in yields in recent months, the U.K. is prepared to announce measures to ensure it meets spending and borrowing rules in March, said Rachel Reeves, the country's Treasury chief. "I'll ...
U.K. Could Take New Measures to Meet Fiscal Rules, Treasury Chief Says -- 2nd Update
The U.K. is prepared to announce new measures to ensure it meets its fiscal rules in March, Treasury Chief Rachel Reeves said Thursday. The left-of-center Labour Party set out its new rules in October ...