Money Moves

UK Economic Growth Revisions and Impact on Fiscal Policies Recent revisions to the UK’s GDP figures indicate a modest improvement in economic growth. According to Paul Dales, chief UK economist at Capital Economics, the upward revisions may not sufficiently offset expectations for a downgrade in productivity growth from the Office for Budget Responsibility (OBR), which […]

Wes Streeting, the UK Health Secretary, has stated that the introduction of value-added tax (VAT) on private healthcare services will not be included in the upcoming Budget. This announcement follows recent reports suggesting that the Treasury was considering extending VAT to private healthcare services. When asked about the possibility on BBC Breakfast, Streeting firmly responded,

A year after Tata Steel halted its blast furnace operations in Port Talbot due to significant financial losses, work is actively progressing for a new steelmaking facility at the site. The company stated that it was losing £1 million per day, leading to the redundancy of approximately 2,000 workers. Currently, about 400,000 tonnes of material

When Kassie and her three children moved into their new social housing property in Halifax, they were dismayed to find bare and uneven floorboards throughout the house. The home, deemed ready for occupancy, had no carpets or floor coverings in the bedrooms or living areas, a situation that reflects a broader issue affecting many tenants.

A Chinese national, Zhimin Qian, also known as Yadi Zhang, has been convicted in connection with what is reportedly the largest cryptocurrency seizure in history, valued at over £5.5 billion ($7.4 billion). Qian pleaded guilty at Southwark Crown Court in London to the illegal acquisition and possession of cryptocurrency. Between 2014 and 2017, she orchestrated

YouTube has reached a $24.5 million settlement in a lawsuit filed by Donald Trump after the platform suspended his account following the January 6, 2021, attack on the U.S. Capitol. The settlement, coming from YouTube’s parent company Alphabet, which also operates Google, follows similar agreements made by other social media platforms, including X/Twitter and Facebook,

Recent trends in the cybersecurity sector have highlighted significant concerns regarding worker burnout and stress. Evaluations from professionals in the industry indicate a troubling pattern. Tony, a cybersecurity employee at a UK e-commerce firm, was recently signed off due to burnout. He described how intense pressures have made it increasingly difficult for him and others

Retailers have communicated to the government that potential tax increases may exacerbate inflation, as shop price inflation rose to 1.4% in September, up from 0.9% in August. This data comes from the latest report by the British Retail Consortium (BRC) and analysts NIQ. The report indicates an end to a year-and-a-half period of deflation for

Emma Walmsley assumed the role of chief executive at GlaxoSmithKline (GSK) in 2017 and has implemented significant changes during her tenure. One notable shift was the demerger of the consumer health division, resulting in the formation of Haleon in 2023. This move effectively ended discussions about the need for a larger separation of GSK. Additionally,

Funding for the US government is set to end at the close of Tuesday unless the Republican Party, led by President Donald Trump, can reach an agreement with opposition Democrats on a spending bill. A government shutdown could temporarily halt certain services, as historical budget standoffs have shown common occurrences in US politics, but the