Today’s business news – in the UK and beyond amid concerns about the world’s largest economy and the fall in the Asian, US and UK markets.
TL;DR – Budget 2025: Three things Rachel Reeves’s speech boils down to – and two tricks the chancellor will fall back on Weak Economic Growth: Britain’s productivity growth remains sluggish, leading to reduced tax revenue for the government. Unrealised Cuts: The Chancellor failed to implement promised welfare cuts, creating a…
TL;DR – Japanese manufacturing firm has revealed plans to shut a factory in County Durham NSK plans to close its Peterlee factory, risking approximately 350 jobs, as part of a strategy to exit unprofitable businesses. The factory, operational since 1976, produces automotive bearings and services clients like Nissan, facing profitability…
TL;DR – Budget 2025 latest Rachel Reeves is expected to avoid raising income tax and national insurance rates to uphold commitments to “working people” defined as those earning £45,000 or less. The budget faces a potential black hole of up to £40bn, exacerbated by worse-than-expected economic forecasts by the Office…
TL;DR – Budget 2025 Latest Chancellor Rachel Reeves is under pressure to address the UK’s economic issues, with potential tax rises and spending cuts on the horizon. Key proposals include revising inheritance tax regulations, modifying income tax thresholds, and introducing charges on landlords’ rental profits. Other considerations may involve adjustments…
Cliff Notes A consumer report reveals that popular products, including KitKats and Gaviscon, are experiencing shrinkflation, with many items’ sizes reduced while prices remain the same or increase. The quality of some treats is declining, with manufacturers cutting key ingredients to manage costs; for example, the cocoa content in white…
