UK Economy
UK Rules Out Matching Capital Gains Tax With Income Tax Ahead of Budget
The United Kingdom government is not planning to raise capital gains tax to the same level as income tax, despite growing pressure on...
Pound Sterling Holds Near 16-Month High Against Euro as UK Budget and Interest Rates Loom
The British pound remained close to a 16-month high against the euro on Tuesday as investors weighed expectations of higher interest rates against...
IMF Raises UK Growth Forecast to 1.3% but Warns of Rising Inflation and Borrowing Costs
The revised projection, announced on Tuesday, October 13, is an improvement on the fund’s previous forecast of 1 per cent in July. Stronger-than-expected...
Tesco Raises Profit Forecast as UK Consumers Show Resilience
Tesco has raised its full-year profit forecast after reporting stronger-than-expected results for the first half of its financial year, with the UK’s biggest...
UK 30-Year Gilt Yield Hits 28-Year High as Global Bond Sell-Off Deepens
Britain’s 30-year government bond yield climbed to a 28-year high on Wednesday as a renewed global sell-off in government debt pushed borrowing costs...
Channel 4 Rules Out Merger With BBC as Content-Sharing Plans Advance
Channel 4 has ruled out a merger with the BBC, despite plans for the two British public broadcasters to expand cooperation and share...
UK Prime Minister Burnham Pledges Free-at-Point-of-Use Social Care Reform
British Prime Minister Andy Burnham has pledged to present his plan for reforming the country’s social care system at the next general election,...
UK Consumer Confidence Falls to Three-Year Low Amid Rate and Job Fears
UK consumer confidence has fallen to its lowest level in three years as households become increasingly concerned about interest rates, mortgage costs and...
