Category: News

The Institute for Fiscal Studies warns that both Labour and Conservative governments will face tight fiscal constraints and low growth after the upcoming election.

Labour may take back control of Britain’s train networks as early as July 5 if they win the general election, potentially ending private sector involvement in railways.

Chancellor Jeremy Hunt criticises inheritance tax as anti-Conservative, pledging tax cuts and reforms to support middle-class growth and savings.

Labour leader Sir Keir Starmer has declared that a Labour government would swiftly implement taxes on private school fees.

GfK’s consumer confidence index rises to its highest level in nearly three years, boosting Rishi Sunak’s election campaign focused on economic recovery.

From July, typical household energy bills in England, Wales, and Scotland will fall by £122 annually under Ofgem’s new price cap, bringing costs to their lowest in two years.

April retail sales in the UK plunged by 2.3% as heavy rains deterred shoppers, marking a significant drop compared to expectations. Poor weather and a shift in Easter timings contributed to the decline.

The UK Parliament has approved a bill to quash convictions of sub-postmasters wrongfully prosecuted due to the Horizon IT scandal, marking one of the greatest miscarriages of justice in British legal history.

The UK’s Competition and Markets Authority (CMA) is considering capping vet prescription fees as part of its investigation into the veterinary sector, amid concerns of overcharging and limited consumer choice.

HSBC has been fined £6.2 million by the UK’s Financial Conduct Authority (FCA) for failing to properly support customers in arrears or experiencing financial difficulty.

Nationwide will distribute £385 million to customers following a profitable year, with a £100 “Fairer Share” payment for eligible members. Despite a slight dip in profit, the building society continues to outperform.

Government borrowing in the UK soared to £20.5 billion in April, marking the highest level in three years. The surge was driven by a growing benefits bill and decreased tax revenues following cuts to national insurance contributions.

BT has been fined £2.8 million by Ofcom for failing to provide clear contract information to a million customers of its EE and Plusnet services.

Plans for the “Tell Sid” sale of NatWest shares to the public are expected to be delayed following the announcement of a general election on July 4, triggering restrictions on government activity.