Consumers in UK are racing to exchange their old paper banknotes for new plastic versions, just over a fortnight before they cease to be legal tender at the end of September.
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5th Dec 2025 | Updated at 03:29am 5th Dec 2025
Where is growth in the Budget?
Rachel Reeves and the government have missed a real opportunity to put our country on a growth trajectory in this Budget.
Why Britain’s middle class feels squeezed
- 04 Dec 2025
Rachel Reeves has pulled a staggering £66bn from the UK economy: £40bn in the October 2024 Budget, largely from businesses, and another £26bn in the November 2025 Budget, hitting workers, the wealthy and businesses to fund higher welfare spending...
New Chancellor Kwasi Kwarteng is in talks with bank bosses to thrash out the details of a £40 billion bailout fund for energy firms. Bank of England governor Andrew Bailey is also in the talks amid mounting concerns over soaring wholesale gas...
More than a quarter of UK SMEs say they have had difficulties accessing finance from their main banks, according to new research.
Leading economic experts have warned that a slight fall in overall inflation does not provide relief for the cost of living crisis as reduced fuel costs mask the fact that prices for household goods are still rising.
Energy bills will be frozen at an average of £2,500 for two years in the run-up to the next general election as families battle the cost-of-living crisis. The energy price cap will be scrapped and replaced with a new “energy price guarantee”,...
Lloyds Banking Group has been hit by more than 300 million pounds of suspected fraud linked to Covid-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data.
Experts have warned that the bank holiday for the Queen’s funeral raises the risk of Britain’s already faltering economy falling into a recession sooner than expected.
The UK economy grew more slowly than expected in July as worker shortages and soaring costs weighed on activity amid the heightened risk of recession. The Office for National Statistics said gross domestic product (GDP) rose by 0.2% in July,...
Britain's new finance minister Kwasi Kwarteng told bankers and investors that the government would need to borrow more than planned to support households and businesses through the energy crisis. In his first public move since being appointed...
Following the death of Queen Elizabeth, the Bank of England has postponed a key decision on interest rates. It said that "in light of the period of national mourning", the Monetary Policy Committee's decision would now be announced on 22 September.
