Category: News

UK wage growth holds firm, maintaining pressure on inflation and delaying potential interest rate cuts. Unemployment rises and vacancies decline, indicating a slowing labour market.

The UK economy recorded no growth in April as heavy rainfall impacted consumer spending. This stagnation follows strong growth in the first quarter, presenting challenges for political parties ahead of the general election.

Raspberry Pi’s successful IPO in London boosts shares by over 37%, raising hopes for the UK stock market. The Cambridge-based tech company, valued at over £750 million, sees strong investor support.

Economic inactivity in the UK has surged to a 13-year high, with 9.4 million adults not participating in the labour force. Long-term sickness and rising unemployment pose significant threats to economic growth.

Rishi Sunak unveils the Conservative manifesto with plans for £13bn in tax cuts and a revival of the Help to Buy scheme, aiming to boost home ownership and reward hard work.

Barclays bank branches across the UK have been hit by protests, with red paint and graffiti marking buildings. Activists demand divestment from Israel’s weapons trade and fossil fuels, sparking widespread damage and arrests.

Labour’s U-turn on reinstating the pension lifetime cap has led to Tory claims of a growing financial “black hole” in the party’s plans. Rachel Reeves insists the change won’t affect Labour’s spending promises.

Labour’s proposed VAT on private school fees is expected to increase demand and house prices in catchment areas of top state schools, as parents seek alternatives due to rising private education costs.

The Liberal Democrats propose radical reforms to support the self-employed, including ending retrospective tax charges, tackling late payments, and modernising employment rights. The manifesto aims to draw clear distinctions ahead of the general election.

The Conservative Party commits £730m to enhance NHS mental health services, aiming to curb welfare costs and reduce the number of work-inactive individuals. The proposal includes transferring sick note authority from GPs to specialist professionals.

Labour is set to override local councils to construct data centres on the green belt as Sir Keir Starmer’s Opposition seeks to enhance the UK’s artificial intelligence sector.

Aston Martin has finalised a significant long-term agreement, offering increased pay and reduced working hours for its employees, aimed at enhancing work-life balance and boosting productivity.

Job-seeker numbers rise for the 15th consecutive month, highlighting a weakening labour market