Economic news and events


UK Treasury has ‘got the balance right’ on taxing wealthy, says Reeves

The Treasury has ‘got the balance right’ on tax, Rachel Reeves said, as she faced questions about Labour calls to weigh up a wealth tax.

The...

Fri, 01/08/2025 - 13:56


UK manufacturing contraction eases in July as outlook improves

The UK manufacturing sector remained in downturn in July, survey results from S&P Global showed on Friday, though the contraction eased to its least negative...

Fri, 01/08/2025 - 09:57


Massive offshore wind farm approved by Scottish government

An offshore wind farm which developers say could be the world’s biggest has been approved by the Scottish government.

Berwick Bank – proposed to be built...

Fri, 01/08/2025 - 06:59


Heathrow Airport reveals plan for £21 billion third runway

Heathrow Airport has said it can build a third runway for £21 billion within a decade.

The airport has submitted plans to the UK government for...

Fri, 01/08/2025 - 06:44


Irish retail sales return to monthly growth in June; surge on-year

Irish retail sales recovered in June, data published by the Central Statistics Office showed Wednesday.

The country’s retail sales volume rose 0.6% in June from...

Wed, 30/07/2025 - 11:23


IMF lifts 2025 growth forecast on ’fragile’ easing in trade tensions

The IMF raised its global growth forecast Tuesday as efforts to circumvent Donald Trump’s sweeping tariffs sparked a bigger-than-expected surge in trade, while the US...

Tue, 29/07/2025 - 19:08


UK mortgage approvals rise in June while interest rates ease

UK mortgage activity picked up in June, with net borrowing and approvals both rising, while remortgaging activity hit its highest level since October 2022, data...

Tue, 29/07/2025 - 09:53


UK car market set for strongest year since before Covid pandemic

The UK’s car market is on track for its strongest year since before the coronavirus pandemic, according to new analysis.

Online vehicle marketplace Auto Trader Group...

Tue, 29/07/2025 - 08:27


Risks and uncertainties for UK construction sector up ‘considerably’

The UK construction sector is expected to continue to grow this year and next, but economic risks and uncertainties ‘have risen considerably’, the Construction Products...

Mon, 28/07/2025 - 10:08


Almost 50,000 UK firms near collapse amid ‘immense’ tax hike strain

Nearly 50,000 UK companies are on the brink of collapse with retailers and hospitality firms among the hardest hit as rising wage costs due to...

Mon, 28/07/2025 - 08:46


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