Economic news and events


UPDATE: UK household energy bill cap frozen for further three months

A major expansion of free childcare and an extension in support for household energy costs will help ease the cost of living as UK Chancellor...

Wed, 15/03/2023 - 08:55


UK chancellor to deliver ’back-to-work’ budget amid push for growth

UK Chancellor Jeremy Hunt will pledge to tackle labour shortages and get people back to work when he delivers his budget on Wednesday.

Announcements on energy...

Wed, 15/03/2023 - 06:48


UK government urged to transform ports to boost floating offshore wind

The UK government needs to transform up to 11 ports around the UK to enable the roll-out of floating offshore wind at scale, according to...

Wed, 15/03/2023 - 05:54


TOP NEWS: UK jobless rate unchanged at 3.7% and pay growth slows

The UK unemployment rate was unchanged at the start of the year, defying expectations of a slowdown, figures on Tuesday showed.

According to the Office...

Tue, 14/03/2023 - 07:25


UK’s Jeremy Hunt considering pension changes in the budget in drive

The UK’s chancellor is understood to be looking at increasing the lifetime pension allowance in a move that is being interpreted as attempting to reverse...

Tue, 14/03/2023 - 06:19


UK customs system to be simplified as part of budget plans

The UK’s 363,000 international traders will see a streamlined customs process under reforms to be announced in the Chancellor’s Budget.

Jeremy Hunt is set to details...

Mon, 13/03/2023 - 06:23


Car makers warn UK must ’step up to compete’ in EV production

The UK’s ability to compete internationally in electric vehicle production is at risk, an automotive industry body has claimed.

Urgent action is needed by the UK...

Mon, 13/03/2023 - 06:22


UK PM Rishi Sunak pledges £5 billion for defence

Rishi Sunak insisted the UK’s armed forces had the funding they needed for a ‘more volatile world’ in the face of the growing challenges posed...

Mon, 13/03/2023 - 06:16


UK PM and chancellor to meet BoE over Silicon Valley Bank collapse

UK Prime Minister Rishi Sunak and Chancellor Jeremy Hunt are due to hold talks with the Bank of England Governor Andrew Bailey in response to...

Sun, 12/03/2023 - 08:11


UK PM signals no tax cuts in budget amid focus on cutting inflation

UK Prime Minster Rishi Sunak has signalled that tax cuts will not be announced in the upcoming government budget as his administration focuses on cutting...

Sat, 11/03/2023 - 11:53


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