Tag: UK Economy
-
A Million Drivers, One Future: Britain’s Driverless Car Revolution
Introduction: A transformative moment on Britain’s roads Projections of a driverless car future have shifted from speculative talk to a pressing policy debate. The automation of driving could touch almost every corner of the UK economy—from employment and housing to transport networks and local businesses. As fleets of autonomous vehicles (AVs) begin to appear in…
-
Betfred Brothers Lead UK Tax List as Britain’s Biggest Taxpayers
What the Tax List Reveals The Sunday Times has published its eighth annual Tax List, highlighting the 100 wealthiest individuals and families in the United Kingdom who contribute the most to public finances. This year’s report shows that the top 100 taxpayers collectively handed over a staggering £5.758 billion in taxes. The findings paint a…
-
UK Government Borrowing in 2025 Tops OBR Forecasts, Despite December Slip
Overview: A Surprising Beat to the OBR Forecasts New figures from the Office for National Statistics (ONS) show that total government borrowing in December 2024, and for the 2024/25 financial year more broadly, has surprised analysts by surpassing the Office for Budget Responsibility (OBR) forecasts. December borrowing came in at £11.6 billion, noticeably lower than…
-
Total Government Borrowing in 2025 Exceeds OBR Forecasts
UK Borrowing in December 2025 Beats Forecasts as Total for the Year Rises The latest release from the Office for National Statistics (ONS) confirms a pivotal moment for fiscal policy in 2025. Government borrowing in December stood at £11.6 billion, a figure that surprised City economists who had forecast a higher deficit of £13.4 billion…
-
Total Government Borrowing in 2025 Surpasses OBR Forecasts
Overview: Borrowing in December Erases the Gap with Forecasts New figures from the Office for National Statistics (ONS) show that total government borrowing in December 2024–January 2025 reached £11.6 billion. That outturn was notably lower than the City’s forecast of £13.4 billion, offering a sharper close to the calendar year. When the dust settles on…
-
Rates Spark: Sterling Rates Slide as US TIC Data Adds Mixed Signals
Overview: Sterling Rates Move Lower on Growth Reassessment Sterling has eased further over the past month as traders reassess the UK’s economic trajectory and the global growth backdrop. While the path ahead remains nuanced, the balance of risks suggests sterling could face additional pressure if the UK’s jobs market softens faster than anticipated. The immediate…
-
Rates Spark: Sterling rates and US TIC data
Rate Sparks in the UK: Sterling slips amid mixed signals After a period of relative reprieve, sterling rates are once again catching the attention of traders. The currency has softened from recent highs as uncertainty around the UK’s economic trajectory returns to the fore. A rethink of the domestic outlook—especially on employment and productivity—appears likely…
-
Taxpayers Lose Millions to ‘Phoenixism’ as UK Recruitment Firms Re-emerge from Administration
What is phoenixism and why it matters Phoenixism refers to the practice where a company enters insolvency, sheds its debts, and is reconstituted by its directors or former owners. The
-
FTSE 100 CEOs Reach Million-Dollar Milestone by Noon on January 6, Highlighting Pay Gap
Headline figures reveal a stark income divide The annual earnings of chief executives at FTSE 100 companies continued to outstrip the typical UK worker’s pay at a startling pace this year. By midday on Tuesday, the median pay for a FTSE 100 chief executive stood at £4.4 million, according to fresh calculations. That figure underscores…
-
Sky-high jobs taxes hit young people crying out for work
Introduction: a cost shift that echoes through the pub trade The National Insurance contributions squeeze that struck UK employers last year is not just a balance sheet concern for licensed venues. It’s reshaping hiring policies, especially for university students and other young people already facing a tough job market. With pubs and bars grappling with…