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Friday, January 16, 2026

Tag: UK economy

UK Services Sector Hit by Budget Costs and Profit Squeeze

CBI report reveals UK services sector faces sharp profit and employment declines as businesses cannot pass rising costs to customers after Budget measures.

UK Budget 2024: Economic Forecasts, Tax Plans and Market Impact

What Chancellor Rachel Reeves' Budget means for UK economy, businesses and consumers amid slowing growth and fiscal challenges.

UK-Gulf Trade Deal Nears Finalization Within Weeks

Britain close to sealing major trade agreement with Gulf states that could boost £60 billion annual trade by 16%, benefiting key UK industries.

Bank of England Divided as Interest Rate Decision Looms

UK interest rates expected to hold at 4% amid inflation concerns, but major banks predict cuts. Learn how this affects mortgages and the 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.