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Wednesday, November 5, 2025

Tag: UK economy

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.

UK Minimum Wage Set for 4.1% Rise to £12.71, Adding to Business Costs

Businesses face another wage bill increase as minimum wage rises above inflation, while voluntary living wage sees 6.7% boost for half million workers.

JLR Cyberattack Costs UK Economy £1.9 Billion, Hits 5,000 Firms

Tata Motors-owned Jaguar Land Rover cyber hack becomes UK's most damaging cyber event, disrupting supply chain and manufacturing operations nationwide.