Economy

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Challenges Faced in Cutting National Debt Public services across the UK are facing significant strains, with various issues coming to light in recent years. Strain on Public Services The number of people waiting for 12 hours or more in A&E in England has increased from 40,000 to over 130,000 in the last five years. The […]

Labour’s Tax Policies Overview Rachel Reeves, the shadow chancellor, recently outlined Labour’s stance on tax policies during the election campaign. Here is a breakdown of their key economic policies: No New Tax Increases Labour government will not impose any new tax increases beyond those already disclosed. Pledged not to hike national insurance or increase income […]

Rachel Reeves Asserts Labour as the Natural Party of British Business Rachel Reeves has emphasized Labour’s position as the “natural party of British business” amidst ongoing election campaign battles with the Tories. Both parties are highlighting key economic policies, with the Tories targeting pensioners and Labour aiming to resonate with British executives. Labout’s Pro-Business Stance […]

Analysis of the Prime Minister’s Decision to Call an Election The prime minister had until the end of the year to call an election. The economy was always going to be a key battleground, and Rishi Sunak had control over when to fight. The strategy seemed to be to wait as long as possible in […]

Recent Developments in Inflation Rates Recent data shows a significant decrease in the headline annual rate of inflation, dropping to 2.3% in April, marking its lowest level in almost three years. This development signals a positive step towards price stability, although not as substantial as initially anticipated. Factors Influencing Inflation The decline in inflation can […]

IMF’s Assessment of the UK Economy The International Monetary Fund (IMF) recently concluded its Article IV Mission in the UK, forecasting positive developments in the economy. Positive Economic Indicators Inflation has decreased faster than expected. Economic growth in 2024 has been stronger than anticipated. The UK economy is projected to grow by 0.7% this year, […]

Overview of UK Inflation in April According to official figures, UK inflation fell to the lowest level in nearly three years in April. The Consumer Prices Index (CPI) inflation slowed to 2.3% in April, down from 3.2% in March. Factors Contributing to the Decrease in Inflation Cooling energy prices Lower electricity and gas prices No […]

Child Poverty Crisis in the UK In the UK, there are currently over four million children living in poverty, marking the highest number in two decades. Among them, one million children are experiencing extreme poverty and destitution, lacking basic necessities such as food, cleanliness, and warmth. Shirley Ballas Advocates for Free School Meals Shirley Ballas, […]

UK Bank Branch Closures: A Growing Trend Over the past nine years, more than 6,000 UK bank branches have closed their doors, marking a significant shift in the banking landscape. This trend has had a profound impact on the high streets and the customers who rely on these physical locations for their banking needs. Impact […]