The Lindsey Oil Refinery in North Killingholme, North Lincolnshire, is set to lay off 125 employees, representing nearly one-third of its workforce. This decision follows the refinery’s takeover by the Insolvency Service in June, after its previous owner, Prax Group, entered into administration. Currently, 255 workers remain at the site. According to the Insolvency Service, […]

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,