
Living standards to stagnate in 2025 despite hopes for better public services, warns thinktank
UK households face flat or falling incomes in 2025, with the chancellor banking on improved public services to offset financial pressures.
Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the 'covid era' and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine's coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk

UK households face flat or falling incomes in 2025, with the chancellor banking on improved public services to offset financial pressures.

Public sector pay has surged 6% above private sector wages under Labour, raising fears of higher inflation, extra taxes and fresh union disputes.

Desk shortages are driving office avoidance, says new data, as companies that downsized after Covid struggle to accommodate returning staff.

Repeated stamp duty rises have caused a 42% drop in prime London sales, warning of a potential Laffer curve effect on Treasury tax revenue.

Boxing Day spending set to top £4.6bn as Brits splurge £236 each, despite inflation worries, with more shoppers returning to high street deals.

Myenergi, a British startup that produces home chargers for electric vehicles and energy-saving devices, has swung from a £8.8 million profit to a pre-tax loss of…

Homebase is making a comeback in up to 70 rebranded The Range superstores next year, retaining its classic identity online and in key garden centre spaces.

UK christmas shoppers are spending more in stores and online than last year, with a 2.3% uplift driven by electronics and homeware. discover how black friday…

BMW admits over 100 luxury cars were sold to russian buyers in breach of sanctions, highlighting the rise in ‘back door’ exports via central asia.

Aviva acquires direct line in a £3.7bn deal, creating a UK motor insurance giant. discover how this takeover drives cost savings, impacts jobs, and reshapes the…

UK economic growth flatlined in Q3, prompting Sir Keir Starmer to warn of no rapid turnaround. With fresh fears of tax hikes and business sentiment sinking,…

Moonpig unveils a new AI-based handwriting feature, letting users create a personalised digital font from their own pen strokes. The retailer’s boss says it bridges the…

Fuel Ventures announces a £20m investment from leading Chinese funds, forging deeper UK-China tech collaborations. Founder Mark Pearson highlights the venture fund’s strategic role in bridging…

Former US President Donald Trump warns the EU to buy more American oil and gas or risk steep tariffs. The move raises fears of renewed trade…

The UK economy is likely to see no growth in the aftermath of the Chancellor’s Budget, the Bank of England has warned, as businesses respond to…