2+ hour, 16+ min ago   (447+ words) UK Government borrowing fell sharply to "11.6 billion in December as a spike in tax receipts and national insurance more than outweighed an uptick in spending, official figures show. The Office for National Statistics (ONS) said borrowing was "7.1 billion, or 38%, less…...

6+ mon, 22+ hour ago   (638+ words) Chancellor Rachel Reeves is facing further pressure over the UK's public finances after official figures showed higher-than-expected government borrowing last month due to soaring debt interest payments. The Office for National Statistics (ONS) said June borrowing rose to "20.7 billion last…...

6+ mon, 3+ week ago   (610+ words) The Government has called for an urgent investigation after the group behind one of Britain's largest oil refineries collapsed into administration, putting hundreds of jobs at risk. State Oil " the parent company of Prax Group, which owns the Lindsey refinery…...

6+ mon, 3+ week ago   (482+ words) The group behind one of Britain's largest oil refineries has collapsed into administration, sparking fears over oil supplies and jobs. State Oil " the parent company of Prax Group, which owns the Lindsey refinery in North Lincolnshire " appointed administrators on Monday....

7+ mon, 2+ day ago   (791+ words) UK interest rates have been left on hold as the Bank of England said it was keeping watch on a "highly unpredictable" world amid rising energy prices. The Bank's Monetary Policy Committee (MPC) decided to keep rates unchanged at 4.25%. In…...

7+ mon, 1+ week ago   (1102+ words) The spending review sets out how government budgets will grow by an overall average of 2.3% per year across the period 2023/24 to 2028/29 " but this figure masks some sharp differences between departments. While health, education and defence are all set to see…...

7+ mon, 3+ week ago   (386+ words) Trade tensions linked to US tariff plans will reduce UK economic growth next year, according to the International Monetary Fund (IMF). However, the global economics body upgraded its forecast for the UK economy this year after strong growth in recent…...

8+ mon, 6+ day ago   (627+ words) The UK economy grew at the fastest rate in a year over the first quarter of 2025, in a boost to Chancellor Rachel Reeves, new official figures show. Gross domestic product (GDP) increased by 0.7% between January and March, the Office for…...

8+ mon, 2+ week ago   (538+ words) The Government is on track to miss its key fiscal rules, increasing the likelihood of tax hikes later this year, an economic think tank has warned. Economic growth is also on track to be weaker than previously expected this year,…...

9+ mon, 2+ week ago   (515+ words) Prices could increase and staff working hours fall as the rise in employer national insurance contributions (NICs) comes into force on Sunday, ministers have been warned. The rate of employer NICs will go up by 1.2 percentage points from 13.8% to 15%, and…...