Santander UK announced it will compensate customers for mis-sold motor finance deals, averaging £829 each, as profits drop sharply.
The Pension Schemes Bill has passed, signaling a change in the UK’s pension investment strategies. Concerns linger among industry stakeholders regarding its implications.
Financial crisis: Thousands of UK Firms Face Amid Tax Increases and Middle East Conflict
The financial crisis in the UK is deepening, with thousands of firms on the brink of collapse due to rising tax burdens and external conflicts.
As the UK flirts with recession, economic forecasts warn of job losses and inflation rises. CFOs focus on cost control amid uncertainty.
The IMF has issued a stark warning that escalating conflict in Iran could lead to a global recession, with significant implications for economies worldwide.
Monzo Income Tax: A Shift Towards Taxing Computational Infrastructure
Tom Blomfield, founder of Monzo, suggests that income tax could become obsolete within five years as AI technology advances.
In an unprecedented move, the UK will adopt a three-day working week in 2027, thanks to the introduction of substitute bank holidays. This change promises significant benefits for workers.
Rachel Reeves is set to address MPs about the economic impact of the war and energy security, while also introducing measures against price gouging.
The UK government is set to ban retentions in the construction industry, a move that could reshape payment practices and protect small businesses.
The Bank of England has decided to keep interest rates unchanged at 3.75%, citing inflation risks. This decision reflects ongoing economic caution.