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Tag: Rachel Reeves budget

AstraZeneca Shifts £1.5bn to US After Shelving UK Projects

Pharma giant AstraZeneca invests £1.5 billion in US manufacturing, creating 300 jobs, after pausing £650 million in UK projects amid competitiveness concerns.

Lakshmi Mittal Leaves UK for Dubai Over Labour Tax Reforms

Steel magnate Lakshmi Mittal relocates to Dubai amid UK inheritance tax concerns, joining wealthy entrepreneurs exiting before Labour's Budget announcement.

Lakshmi Mittal Leaves UK Ahead of Labour’s Wealth Tax Changes

Steel billionaire Lakshmi Mittal relocates to Dubai as UK prepares tax increases targeting super-rich, joining growing exodus of wealthy entrepreneurs.

UK Economic Growth to Slow as Tax Hikes and Trade Wars Bite

EY forecasts UK growth will drop to 0.9% in 2026 amid Budget tax increases, trade tensions and high interest rates, with business confidence at record lows.

Reeves Faces Tax Hike Decisions as Public Finances Remain Challenging

Chancellor Rachel Reeves confronts difficult Budget choices with potential mansion tax and spending cuts to address £20-50 billion fiscal shortfall.