TAX Economists expect more tax hikes in Budget The Daily Telegraph Rachel Reeves is expected to announce significant tax increases in the upcoming autumn Budget, according to Goldman Sachs economists. Although markets would respond more favourably to spending cuts,...

OUTLOOK Ineos pulls UK investments amid instability The Daily Telegraph The Times Sir Jim Ratcliffe's Ineos Energy has ceased investments in the UK, labelling it "one of the most unstable fiscal regimes in the world." Brian Gilvary, executive chairman, stated that...

EMPLOYMENT Job seekers surge as hiring stalls Daily Mail The Independent The number of jobseekers in the UK is rising at its fastest rate since November 2020, according to a report by the Recruitment and Employment Confederation (REC) and KPMG. The surge comes as...

EMPLOYMENT Pace of job cuts accelerates City AM UK employers cut jobs at an annual rate of 0.5% in the three months to August, according to a Bank of England survey of chief financial officers. This marks the fastest pace since 2021. Nearly half of respondents said...

OUTLOOK Reeves rejects £50bn 'black hole' claims BBC News Daily Mail Rachel Reeves has rejected forecasts of a £50bn "black hole" in the public finances, telling the BBC that the National Institute of Economic and Social Research think-tank had "more than most got...

TAX Banks face tax hit, economists warn City AM Ruth Gregory, deputy chief UK economist at Capital Economics, believes that Chancellor Rachel Reeves could target banks as she looks to boost Government finances in the Budget, warning: "We suspect households and banks...

OUTLOOK Manufacturing output hits three-month low City AM Manufacturing output in the UK fell to a three-month low in August, according to the latest purchasing managers' index (PMI) data from S&P Global. The index recorded a reading of 47, indicating a downturn...

OUTLOOK UK business leaders see cautious optimism The Times Business leaders in the UK are cautiously optimistic about economic growth, according to the Institute of Directors (IoD). The IoD's optimism index improved to minus 61 in August, its highest since last...

OUTLOOK Business confidence improves despite pessimism over economy Daily Mail Economic optimism among British businesses declined in August, falling three points to 44%, according to the Lloyds Business Barometer. But business confidence rose slightly to 54%, driven...

EMPLOYMENT UK unemployment rate set to rise Daily Mail The UK's unemployment rate is projected to reach 5% by August, according to the Resolution Foundation. The Office for National Statistics (ONS) reported a current rate of 4.7%, matching the previous quarter's...