Healey draws up plans for green tax on imported fuel
The UK government is reportedly drawing up plans for a green tax on imported fuel, raising concerns that it could push energy prices higher …
2 min
Section
Economy
City economists doubt Bank of England will lift rates to 4.75% by summer
Markets expect the Bank of England to raise its rate at least four times over the next year, but City economists believe that forecast …
2 min
Diesel Skoda Octavia costs about the same to run as petrol
A new diesel Skoda Octavia estate returns close to the fuel economy of its petrol sibling, but rising diesel prices and shifting market forces …
3 min
Taxman to gain powers to seize money from bank accounts
Labour's Budget would give HM Revenue and Customs sweeping new powers to take money directly from the bank accounts of people who fail to …
2 min
El Niño could push up UK food and borrowing costs in 2027, Bank of England warns
The Bank of England has identified the El Niño weather pattern as a key factor that could drive food inflation in 2027, with knock-on …
3 min
Britain's Energy System Forecast to Hold Through Winter Despite Lower Gas Storage
Analysis indicates Britain's electricity system will have a 5.9GW surplus between late October and March, even as Europe enters winter with below-normal gas storage …
4 min
Healey Faces Budget Balancing Act as Bond Markets and MPs Watch
Chancellor John Healey will deliver the autumn budget on 28 October, needing to fund public services, keep taxes acceptable to voters and reassure bond …
4 min
UK banks brace for rise in bad loans as household savings run dry
Britain's largest lenders are expected to set aside £4bn for loan losses in 2027, but analysts warn provisions may need to climb higher as …
4 min
UK inflation climbs to 3.5 per cent, highest in nearly a year, as fuel costs surge
Consumer price inflation rose to 3.5 per cent in September, its highest rate in almost a year, driven by a surge in fuel costs. …
3 min
UK inflation rises to 3.5% as Middle East conflict pushes diesel above £2 a litre
Consumer Prices Index inflation climbed to 3.5% in September from 3.1% in August, exceeding forecasts of 3.4%, in a pre-Budget blow to Chancellor John …
3 min
CBI warns Budget tax raid on banks would be an own goal for UK economy
The Confederation of British Industry has urged Chancellor John Healey to avoid raising taxes on the financial sector in the upcoming Budget, warning that …
4 min
Healey Rejects Calls to Raise Capital Gains Tax in Budget
The Chancellor has ruled out increasing capital gains tax at the upcoming Budget despite pressure from a range of voices urging him to target …
3 min
UK house prices jump by £3,575 in October as mortgage squeeze hits buyers
Rightmove reports a £3,575 rise in average asking prices for October, but the number of new buyers contacting agents is down 9 per cent …
3 min
Traders Place £7bn Bet Against the Pound Ahead of Healey's First Budget
Currency traders have taken a £7bn short position against sterling before Chancellor John Healey's first Autumn Budget, in what one market observer describes as …
4 min
Home insulation and heat pumps 'would cut UK living costs more than new oilfields'
A study by the thinktank E3G suggests the government's £15bn warm homes plan would cut household energy bills by £1bn a year and create …
4 min
IMF Urges Chancellor to Cut Benefits Rather Than Tax Banks
The International Monetary Fund has advised the Chancellor to reduce welfare spending instead of imposing a levy on banks, arguing that benefit cuts would …
4 min
John Healey Poised to Raise Bank Taxes in 28 October Budget
Chancellor John Healey is preparing to tax Britain's banks in his first budget on 28 October to offset damage to public finances from war …
4 min
UK Economy Grows 0.1% in August Despite Consumer Spending Fall
The UK economy unexpectedly grew by 0.1% in August, defying forecasts of a contraction, even as consumer spending fell under pressure from fuel costs …
4 min
IMF Meeting in Bangkok Faces Global Economic Strain Amid Wars and Trade Tensions
Finance ministers and central bank governors gather in Bangkok for the IMF annual meeting as the global economy weathers wars, an energy shock, rising …
3 min
Real Living Wage Rises, Boosting Pay for Almost Half a Million UK Workers
The voluntary Real Living Wage has increased, delivering a pay rise to workers at nearly 17,000 accredited employers including Ikea and Uniqlo, as the …
5 min
