Political News
Chancellor unveils £40bn of tax rises in first Budget
Chancellor Rachel Reeves unveiled £40bn of tax rises on Wednesday, as she used her long-awaited first Budget to launch a scathing attack the previous government’s fiscal record.
Consumer confidence falls slightly ahead of Budget
UK consumer confidence fell slightly in October, according to fresh survey results released on Friday, with GfK’s consumer confidence index dropping one point to -21.
Reeves considering tax hike on Amazon, online retailers - reports
Chancellor of the Exchequer Rachel Reeves is considering a tax increase on large e-commerce companies like Amazon in her upcoming budget, according to reports on Tuesday, in a bid to support the UK’s ailing high street.
EU backs steep tariffs on Chinese EV imports
The European Union is to impose steep tariffs on imports of Chinese electric vehicles, it was confirmed on Friday, after a majority of member states voted in favour.
Oil prices climb on heightened Middle East fears
Oil prices continued to climb on Wednesday, as fears mounted that conflict was set to spread across the Middle East following Iran's missile attack on Israel.