Potential Effects of Abolishing Stamp Duty on the UK Housing Market
The debate over abolishing stamp duty on primary residences in the UK has intensified following statements from political figures suggesting potential reforms. Experts highlight several potential consequences. First, house prices might rise, as seen during temporary stamp duty holidays, potentially ... [More info]
UK's average worker needs 52 YRS of pay to join the richest 10%!
-> The UK's wealthiest 10% households NOW control 43% of total national wealth, while the bottom 50% scrape by with just 9%.
#WealthGap #UKEconomy #Inequality #CostOfLivingCrisis #Poverty
Bank of England warns AI stock bubble rivals 2000 dotcom peak https://arstechni.ca/tehy #financialstability #marketcorrection #machinelearning #FederalReserve #MarkZuckerberg #bankofengland #andrewbailey #dotcombubble #DonaldTrump #microsoft #UKeconomy #AIstocks #alphabet #LisaCook #Biz&IT #Amazon #google #NVIDIA #apple #meta #AI
UK business leaders highlight economic challenges during Starmer's India trip
During Sir Keir Starmer's visit to India, he was welcomed with a festive carnival atmosphere reflecting the significance of the trip, with 125 major UK business leaders attending—the largest business delegation in history. The delegation included top British companies and innovative start-ups eager ... [More info]
Report Highlights Growing Wealth Gap and Declining Social Mobility in the UK
A new report by the Resolution Foundation highlights the growing wealth gap in the UK, suggesting that it's becoming nearly impossible for average workers to amass enough savings to reach the upper echelons of wealth. The study reveals that it would take an average earner 52 years of nearly saving a... [More info]
Aston Martin faces a fresh profit warning as Sam Meredith reveals escalating U.S. tariffs and supply chain woes slash full-year outlooks, cutting 2025 sales forecasts and halting positive cash flow expectations. The luxury icon urges policy clarity to protect vital local industries. Read more: https://www.cnbc.com/2025/10/06/aston-martin-carmaker-issues-fresh-profit-warning-on-tariff-turmoil.html #AstonMartin #profitwarning #tariffs #automotiveindustry #SamMeredith #luxurycars #financialforecasting #supplychain #UKeconomy
Labour's Chancellor Proposes EU Youth Migration Scheme to Boost UK Economy
Rachel Reeves, the Chancellor of the Exchequer, has advocated for a new youth migration deal with the European Union, emphasizing its potential benefits for the UK economy. The proposed scheme, which would provide work visas for young people aged 18 to 30 for up to two years, is part of the governme... [More info]
🚨 UK govt borrowing explodes to £18bn in Aug - highest in 5 yrs!
-> YTD at ÂŁ83.8bn, ÂŁ11.4bn over OBR forecast & ÂŁ16.2bn up from last year!
-> Tax rises on the horizon?
#UKEconomy #Budget2025 #FiscalCrisis #UKPolitics #RachelReevesMP #UKLabour #CostOfLivingCrisis
UK Government Faces Record Borrowing Levels Amid Rising Debt and Spending
The UK government recorded its highest borrowing in five years for August, with a gap of ÂŁ18bn between spending and income. This marks the highest borrowing figure since the early months of the COVID-19 pandemic, when the government was supporting the furlough scheme. Despite increases in tax and na... [More info]
UK Government Borrowing Surges in August, Reaching Highest Level in Five Years
In August, the UK's government borrowing reached ÂŁ18bn, which is ÂŁ3.5bn higher than the same month last year, marking the highest borrowing for August in five years. According to the Office for National Statistics (ONS), while tax and National Insurance receipts saw an increase, they were outpaced b... [More info]
Next warns of slow UK economic growth amid rising costs and declining job opportunities
Next, the UK fashion retailer, has issued a warning about the country's economic prospects, stating that the UK can expect 'anaemic' growth in the coming years. According to Lord Wolfson, the CEO of Next, the UK economy faces challenges such as rising taxes, a higher tax burden, and increasing gover... [More info]
Taxing SUVs in the UK could generate almost ÂŁ2bn annually, study suggests
A new report from the Transport & Environment (T&E) thinktank suggests that aligning UK SUV taxes with those of other European countries could raise nearly ÂŁ2bn annually for public finances. The study highlights a significant tax loophole where buyers in the UK pay up to 20 times less tax on large S... [More info]
The Future of the Pension Triple Lock: Will it Last?
The UK government’s pension triple lock system, which guarantees annual increases to the state pension, has been under scrutiny. Recent figures suggest a 4.7% increase in state pensions for next April, benefiting many pensioners, especially those in their 50s to 80s. However, there are concerns abou... [More info]
Microsoft's AI Investment in the UK: Potential for Economic Growth and Job Creation
Microsoft has committed a $30 billion investment to the UK's AI sector, marking its largest such investment outside the United States. This investment forms a central part of a $31 billion agreement involving major US tech firms, such as Nvidia and Google, aimed at boosting AI infrastructure across ... [More info]
OBR's downgrade of UK productivity forecast could force Rachel Reeves to break fiscal rules
The Office for Budget Responsibility (OBR) is expected to lower its productivity forecast, signaling a weaker growth outlook for the UK economy. This move threatens Chancellor Rachel Reeves’ ability to meet her fiscal targets without major tax hikes or spending cuts. Treasury officials have acknowle... [More info]
Trump's UK Visit Focuses on Tech Investments and AI Deals to Boost Economy
Donald Trump's state visit to the UK was marked by high-profile discussions on economic growth, particularly focusing on artificial intelligence (AI) and tech investments. Despite a ceremonial atmosphere, with lavish events and royal meetings, the visit also centered on crucial business deals, with ... [More info]
ÂŁ200 billion made from UK public utilities by shareholders. Equivalent of ÂŁ250 "privatisation premium" per household in UK.
I get the impression that people still believe the myth that shares in utilities are owned by ordinary citizens (actually <5%) or fund pensions (they do to a certain extent after the institutional investors take their fees and cuts etc). And people wonder why the UK seems so poor and hard-up these days?
#uk #ukpolitics #UKeconomy
State Pension Set to Increase by 4.7% Based on Latest Wage Data
The UK's state pension is expected to rise by 4.7% in April 2026, according to recent official figures. This increase is based on the latest wage growth data, as the pension is determined by the 'triple lock' system. The triple lock ensures that the pension rises each year by whichever is highest: i... [More info]
Baroness Morrissey urges Rachel Reeves to reconsider tax rises and stimulate UK growth
The economy’s a mess, sure, but high taxes definitely push people to leave. It’s a simple choice for skilled workers—more money or less stress elsewhere.
Baroness Morrissey urges Rachel Reeves to reconsider tax rises and stimulate UK growth
Morrissey’s argument doesn’t hold up. People aren’t just leaving for tax breaks—it's about the state of the economy, job opportunities, and quality of life. This whole 'taxes driving talent away' claim is a distraction.
