The Chancellor will be looking to raise up to £40 billion from tax hikes and spending cuts in order to avoid a return to austerity.

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Chancellor Rachel Reeves will tell her global counterparts that the UK government’s first Budget next week (30 October) “will be a reset for our economy”, as she continues to emphasise Labour’s ...

Autumn forecast predicts that UK gross domestic product will increase by 0.9% in 2024. It had previously predicted in July ...

Reeves was handed a pre-budget boost by the IMF, which on Tuesday upgraded its 2024 growth forecast for the UK economy. It said UK gross domestic product is due to grow by 1.1%, a significant upgrade ...

In early UK corporate news, lender Barclays raised its net interest income target. Consumer goods firm Unilever left its outlook unchanged. Retailer Frasers called for a general meeting at investee ...

NatWest (NWG) share price has done well this year as the UK economy has remained more resilient than expected. It jumped to ...

Rachel Reeves said her statement next Wednesday will invest in the “foundations of future growth”. Ms Reeves was speaking ...

The chancellor is planning to change the government’s fiscal rules to free up billions of pounds of borrowing, which she will ...

The UK economy grew by 0.7% and 0.5% in the first two quarters of 2024, according to the Office for National Statistics. However, it could witness slower growth in the latest quarter after no growth ...

British finance minister Rachel Reeves plans a budget reset aimed at invigorating the economy and boosting investment. During ...