UK economy to shrink in 2023: IMF

The International Monetary Fund (IMF) has said that UK economy will shrink and perform worse than other advanced economies as the cost of living continues to hit households.

HMRC clarifies its stand on waiting times on self-assessment helpline

Officials working from home are not to blame for long waiting times on HM Revenue and Custom’s self-assessment helpline, the department has said.

The pound dropped to a fresh 37-year low against the dollar as the chancellor unveiled tens of billions of pounds of tax cuts and spending. Sterling declined by 0.89 per cent to 1.115 US dollars as Kwasi Kwarteng outlined his “growth plan” for...

Health secretary Therese Coffey has promised a £500 million “down payment” for social care as part of plans to “rebalance” NHS and care funds. Unveiling her new plan for the NHS, Coffee also admitted NHS backlogs would rise before they fall.

The Bank of England increased the bank rate by 0.5 percentage points to 2.25 pc mailing it the highest level since 2008. The average monthly mortgage bill has now risen to £1,150, a jump of £349 since the beginning of the year, according to...

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