The central bank is gradually raising interest rates as Britain undergoes significant change, including a new government and monarch, to prevent high inflation from spreading
The financial crisis brought on by the mini-budget, which prompted the Bank of England (BOE) to seek a £65 billion emergency bailout, was centred on
Chancellor Kwasi Kwarteng announced last 23 September his mini-budget or “Growth Plan,” which is considered to have implemented the biggest tax cuts in a generation.
The UK government borrowed £11.8bn in August in preparation for helping the public with the soaring costs of living, which is almost twice as much
The new Prime Minister Liz Truss tackles severe economic headwinds with bold measures for the skyrocketing energy bills. Hours before the Queen’s death, she announced
After a summer-long internal campaign triggered by Boris Johnson’s resignation in July, Liz Truss defeated her competitor, former finance minister Rishi Sunak, by 81,326 votes to
Beginning on 4 April 2022, effective in Wales and England, the government requires tax checks on individuals, business partners, or those who operate through company
Rishi Sunak showed concerns regarding the pressure and living standards in the light of tax scenarios as he stated that cutting taxes now without balancing
Contents Current events such as the global pandemic and uncertain economy can be a few of the most significant factors for businesses to spiral down
The government has released a draft tax legislation before its potential inclusion in the Finance Bill 2022–2023 to allow for technical consultation. The upcoming Finance
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On 18 December 2025, the Bank of England reduced its main interest rate from 4% to 3.75%. This is the lowest level in nearly three years. The
The Chancellor, Rachel Reeves, has delivered the first Autumn Budget of this Parliament. She called it “a decade of national renewal.” This Budget brings real, immediate
The Bank of England (BoE) issued a sharp warning on 8 October 2025, cautioning that certain AI and technology stocks may be overvalued, particularly those
The Bank of England and HM Treasury began formally considering a national digital currency in 2021, launching a joint taskforce to explore what’s now called
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