Chancellor used Barnett formula to fund Scotland, Wales and Northern Ireland, despite their larger public sectors. Read More
However, in the wake of Chancellor Rachel Reeves’ debut budget of October 2024, which raised £40 billion in new taxes,…
U.K. Chancellor Rachel Reeves pledged last year that the government would not conduct another tax raid. She might not have…
Food prices grew for a third month in May, as the overall rate of inflation remained at 3.4%. Read More
Britain’s economy grew a faster-than-expected 0.7% in the first quarter of 2025 but shrank in April. Read More
May figure second highest for month on record amid fears chancellor is struggling to keep within spending rules. Read More
The bar chart combined with the line chart shows the monthly and three-monthly growth in Britain’s GDP. TARIFFS IMPACT. British…
Pay growth in Britain slowed sharply and unemployment rose to its highest in nearly four years in the three months…
British finance minister Rachel Reeves will divvy up more than 2 trillion pounds ($2.7 trillion) of public money between her…
US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast. Read More