Money Moves

Christine Lagarde, the president of the European Central Bank (ECB), has emphasized the need for reforms in the European Union (EU) to foster economic growth. She warned that the EU’s economy is becoming increasingly vulnerable due to its heavy reliance on international trade, particularly as key trading partners shift away from globalization. Lagarde specifically noted […]

MLR Adonis Barbers in Bridgnorth, Shropshire, is introducing a “pay what you can” haircut initiative in December to support those facing financial difficulties as Christmas approaches. Marcus Lewis-Roper, who opened the barbershop seven weeks ago, has scheduled extended hours on December 22, operating from 09:00 to 21:00 GMT for this service. Lewis-Roper noted that many

Rachel Reeves, the Chancellor of the Exchequer, has been encouraged to utilize the upcoming budget to establish greater fiscal flexibility after recent reports indicated that UK government borrowing exceeded forecasts by nearly £10 billion for the year ending in October. According to the Office for National Statistics (ONS), borrowing stood at £17.4 billion for October,

Wetherspoon’s plans to open its first pub outside the UK and Ireland, located in Alicante airport, in January. This pub will operate daily from 6 a.m., targeting travelers awaiting their flights. The new location marks Wetherspoon’s debut in continental Europe, with intentions to expand further in the region. The airport pub, named Castell de Santa

Chancellor Rachel Reeves is expected to announce a new tax for electric vehicle (EV) drivers in the upcoming Budget on 26 November. Currently, while petrol and diesel vehicle owners pay fuel duty, there is no equivalent charge for EVs. A government spokesperson noted the intention to create a fairer system for all drivers, especially as

Energy costs for millions of households in Great Britain are set to increase as the energy regulator, Ofgem, announced a rise in gas and electricity prices effective January. The government-imposed price cap will increase by 0.2% over the next three months, translating to an additional £3, raising the typical annual dual-fuel energy bill to £1,758.

Clifford Chance, a prominent international law firm, has announced plans to reduce its business services staff in London by 10%. This decision, reportedly impacting around 50 roles in areas such as finance, HR, and IT, is influenced by the increasing use of artificial intelligence (AI) within the firm. Additionally, changes affecting up to 35 other

Next week, during the budget announcement, Chancellor Rachel Reeves is anticipated to propose an increase in the taxes paid by gambling companies. This follows a period of lobbying and speculation concerning potential changes. The tax increase could have a significant financial impact on the industry, estimated to range from £1 billion to £3 billion. Gambling

Millions of households in the UK will experience a slight increase in their energy prices as Ofgem, the regulator, has announced an increase in its price cap. The cap will see a 0.2% rise starting in January, affecting households on variable tariffs in England, Wales, and Scotland. This change comes as a surprise to many,

UK government borrowing for October exceeded expectations, totaling £17.4 billion, which is an improvement from £19.2 billion in the same month last year. Analysts had projected borrowing to be around £15 billion, slightly above the Office for Budget Responsibility’s forecast of £14.4 billion made in March. The Office for National Statistics (ONS) noted that while