#uk-economy

#uk-economy

Speaking to TalkTV's Plank Of The Week, Mark Wogan said: "It's interesting how you say [Labour chancellor] Rachel Reeves is killing the housing market - she's killed it already. "You'd think someone would come round, even just out of interest. But no one's come to see it. No one, not one single person. That's how dead the market is."

TikTok's operations in the United Kingdom, Europe, and Latin America more than doubled revenues since 2022, when the company brought in $2.6 billion, according to filings submitted to Companies House, the U.K's corporate registry.

Consumer confidence in the future UK economy has plummeted over the last year, falling by 31 points from an average of minus nine to minus 40 as reported by Which?.

UK workers reported higher levels of workplace anxiety and lower happiness than counterparts in India, the Philippines, and the US, revealing significant disparities in job satisfaction.

British exports to the US have plummeted to their lowest level in three years, dropping 13.5 per cent despite a US-UK trade agreement aimed at mitigating tariff impacts.

Rachel Reeves faces another setback with a significant decline in company hiring plans, recorded at a historic low of 57 percent for the upcoming three months.

UK construction activity fell sharply in July, reflecting the steepest decline since May 2020 due to collapsing housebuilding and broader economic challenges.

The Autonomy Institute thinktank warned that climate-induced price increases for everyday food items could push almost 1 million people into poverty without urgent government intervention.

The world’s most important financial watchdog has warned that Chancellor Rachel Reeves will likely break a key party manifesto pledge by hiking taxes or cutting public services.

Many of the super-rich have ties all over the world, decamping to homes in the south of France in the summer, or their Alpine chalets for ski holidays.

Am I surprised to see inflation coming through? Of course not. You can't increase the cost of labour in food production, food distribution and food retailing in the way that we have... and not expect to see prices move.

The modest rise in unemployment reflects a slowdown in recruitment activity, with businesses cautious about hiring due to increased business costs, weak economic growth forecasts, elevated borrowing costs, and ongoing uncertainty in global markets.

Jaguar Land Rover plans to cut up to 500 management jobs in the UK, amounting to about 1.5% of its workforce, due to a 15.1% sales drop.

Regulations act as a boot on the neck of businesses, choking off the enterprise and innovation that is the lifeblood of growth. Regulators must boldly regulate for growth.

Osprey Charging has received £25 million from Aldermore Bank to fund the rapid expansion of its ultra-fast EV charging network across the UK.

Businesses large and small, across the UK, will be listening hard to the Chancellor's speech - to see if it can truly spark much needed investment reform.

The UK seems to have made it the hardest of anywhere to build mobile infrastructure. Unless we remove unnecessary roadblocks and make more spectrum available, we risk missing out on a once-in-a-generation opportunity to boost growth.

Fuel prices in the UK are rising due to global instability, with Brent crude oil prices increasing from $68 to $78 per barrel in July, leading to higher retail costs.

The UK economy shrank unexpectedly in May, contracting for the second month in a row, with a decline of 0.1% driven by a drop in manufacturing.

The closure of 3,700 bank branches in England from 2016 to 2024, averaging eight weekly closures, demonstrates a shift towards digital financial solutions.

The health of high streets across the country has varied significantly, with areas like Bradford, Newport, and Blackpool showing double the empty shops compared to London.

We will likely see the triple lock pension end when the current Parliament does, as the cost of providing it to the UK's aging population is increasing and Government debt is rising.

Chair Rupert Soames stated, "Of all the investments that God ever invented, cash [ISA] is the worst possible one,” indicating the limitations of cash ISAs in fostering growth.

Over the past 12 months, ThinCats provided £381m of funding to businesses, a small increase on the previous financial year's £378m.

Chancellor Rachel Reeves has been warned that her economic roadmap may need to be 'ripped up' as a global market shock triggered by Donald Trump's new wave of tariff threats drives up UK government borrowing costs and rattles investor confidence.