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UK economy

  • Wait, treat, repeat: The NHS healthcare hold-up hurting UK workplaces

    June 10, 2025

    Trying to get a doctor's appointment is like trying to win the lottery these days, and as a result, it has a knock-on effect on businesses

  • Government told migrant partners are a drag on UK finances 

    June 10, 2025

    UK government ministers have been warned that migrants who arrive on partner and family visas are likelier to have a negative impact on public finances and essential services, including the NHS.  The independent Migration Advisory Committee (MAC) has told the government that the vast majority of people on partner visas will be “fiscally negative” over [...]

  • No jobs in 30 years? UK tech leaders push back on Musk’s AI claims

    June 10, 2025

    Elon Musk’s bleak prediction that “there’s not going to be any jobs for anyone” in 30 years has come under heavy fire from some of the UK’s leading AI figures at London Tech Week. Instead of sounding an alarm for mass unemployment, UK experts argued for transformation and a new focus on control over AI, [...]

  • FCA boss: Buy now, pay later regulation is a trade off

    June 10, 2025

    The chief executive of the Financial Conduct Authority (FCA) said the new clamp down on buy now, pay later (BNPL) regulation would be a “trade off” as he faced a grilling from MPs. Nikhil Rathi, who was reappointed as the regulator’s boss in April, told the Treasury Committee the crackdown would have “beneficiaries and downside [...]

  • FTSE 100 narrowly misses record high after housebuilders rally

    June 10, 2025

    The FTSE 100 closed just short of a record high on Tuesday after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up 0.24 per cent to 8853.08p after a rally from homebuilders. This narrowly missed March’s record close of 8,871.31p. Builders Persimmon and [...]

  • Unemployment creeps up as firms cut jobs following Reeves tax raid

    June 10, 2025

    The unemployment rate has crept up to 4.6 per cent from 4.5 per cent, official data has revealed, putting Chancellor Reeves’ ambition of growing the UK economy and getting people into work under threat.  It is the highest unemployment rate in three years, with the UK economy then recovering from the pandemic. Figures released by [...]

  • Government urged to add AI minister to every department

    June 10, 2025

    The UK government has been urged to create an AI oversight body with ministerial posts dedicated to advanced technology, with former Tory leader William Hague calling on the “very structures of government” to be re-imagined in the coming years.  A new Policy Exchange report calls on the government to create a new Office for Superintelligence [...]

  • Londoners most at risk of online fraud, report reveals

    June 10, 2025

    Londoners are at significant risk of digital and financial exclusion after new data revealed one in four people in the UK capital lack confidence in money management. According to research from WPI Economics and Virgin Money, Londoners are twice as likely to experience both digital and financial exclusion than those living in the South East. [...]

  • Voters reject Reeves’ plans for state power on pension investments

    June 10, 2025

    A majority of British voters oppose the government having powers to dictate pension fund investments, fresh polling has revealed, in a blow to Rachel Reeves’ attempts to use pension pot funds to boost growth. Three in five voters disagree with government influence over pension fund investments, according to a City PM and Freshwater Strategies poll [...]

  • Fresh blow for Rachel Reeves as voters scorn growth plans

    June 10, 2025

    A dwindling number of Brits have confidence that the government can deliver on its plans for economic growth, fresh polling has found, laying bare the scale of Rachel Reeves’ challenge to restore voter trust as she prepares to unveil the Spending Review on Wednesday. Just 22 per cent of Brits have some confidence in the [...]

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