Category: News

Jun 22

Government Borrowing in May Reaches Post-Covid Peak

Government borrowing in May soared to £15bn, the highest level since the Covid-19 pandemic, but still below the Office for Budget Responsibility’s (OBR) forecast. This figure was £800m higher than in May last year, yet £600m less than anticipated by the OBR. As the general election looms, the victorious party will grapple with significant challenges […]
Jun 22

Retail Sales Surge in May After April Washout

Retail sales surged in May, recording a significant recovery from April’s downturn, which was caused by unusually wet weather. According to the Office for National Statistics, sales volumes increased by 2.9% in May, surpassing City analysts’ expectations of a 1.5% rise. This follows an upwardly revised 1.8% contraction in April. The boost in sales was […]
Jun 21

Rachel Reeves Courts Business with Stability Pledge for Britain

Shadow Chancellor Rachel Reeves has declared that Britain is emerging as a “safe haven” for international investment, contrasting the country’s stability with the political turbulence seen in France and neighbouring European nations. In a bid to reassure multinational companies, Reeves announced that the Labour Party would host an international investment summit within 100 days of […]