Finance

Rachel Reeves has faced another significant setback ahead of next month’s crucial Budget as the International Monetary Fund (IMF) warned that inflation will rise to the highest level in the G7 in 2025 and 2026.

Despite the billion-peso flood control corruption scandal shaking public confidence in government and its infrastructure projects, the British Chamber of Commerce Philippines (BCCP) remains optimistic about the country’s economic prospects and its growing trade ties with the United Kingdom.

British finance minister Rachel Reeves plans to build up a bigger buffer against her main fiscal rule at next month’s budget in an effort to better insulate government finances from future shocks, the Sunday Telegraph reported.

Millions of Brits are expected to see an increase in their water bills of up to 5% in the coming months.

Councils face a funding shortfall of more than £4 billion next year, putting more strain on overstretched services, according to a report.

Banks will be granted powers to snoop on pensioners’ accounts and share data with the government as part of a huge fraud crackdown.

Britain’s struggling steel industry is facing an ’existential threat’ following the European Union’s announcement to increase tariffs on imports to 50 percent.

Millions of consumers could be eligible for £700 payouts after the City watchdog outlined compensation plans for the car finance scandal.

The Trump Administration has announced a crackdown on the H1-B visas that U.S. firms have historically used to bring foreign talent into the country.

The average UK house price increased by 0.5% month on month in September, following a 0.1% monthly fall in August, Nationwide Building Society said.

The owner of Royal Mail has acquired a multi-million pound stake in another company, leading to the rebranding of thousands of convenience stores.

Pharmaceutical giant AstraZeneca has announced plans to revamp its US listing, while emphasizing that it will keep its headquarters in the UK and remain listed on the London market.

Jaguar Land Rover has been handed a £1.5 billion government-backed loan to shore up operations after a major cyber attack forced the carmaker to halt production at its UK factories

High profile environmental campaigner and Labour donor Dale Vince has claimed that the public is being ’misled’ by organic labelling standards.

A telecommunications provider owned by the Swedish group Ericsson has been fined £700,000 after some UK business customers were unable to connect to emergency calls for more than a week, Ofcom has announced.

The chief executive of the pharmaceutical company Eli Lilly has remarked that the UK is “probably the worst country in Europe” when it comes to drug prices, amidst a conflict between the industry and government.

Around 270,000 motorists whose cars have been written off or stolen are owed compensation from insurers due to an error.

Older savers should avoid making rash decisions about their pension cash based on "fear and rumour", experts urged this week.

In the initial months of the Covid-19 pandemic, the UK was severely underprepared.

The public has paid almost £200bn to the shareholders who own key British industries since they were privatised, research reveals.

Big pharmaceutical companies have abandoned or paused nearly £2bn in planned UK investments so far this year, causing "suffering" to patients, as ministers prepare for discussions with Donald Trump amid a dispute over drug pricing.

Gen-Z are being “locked out” of homeownership, campaigners have warned, as first-time buyers now face paying up to six times more for a home than their parents.

Rachel Reeves is formulating plans to lower household energy bills as part of an economic overhaul.