UK Economy
The latest news, updates and opinions on UK Economy from the expert team here at MoneyWeek
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Bank of England cuts interest rates for first time since 2020
The Bank of England voted to end pain for households and businesses today, cutting interest rates for the first time in over four years
By Katie Williams Published
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Rachel Reeves scraps long-awaited cap on social care costs - here is what it means
Along with a raft of other cuts, including the removal of Winter Fuel Payments for millions of pensioners, Labour has abandoned the £86,000 cap
By Chris Newlands Published
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When will Labour's first Budget happen?
We now know the date for when chancellor Rachel Reeves will publish her first Budget. When is it and what could be announced?
By Katie Williams Last updated
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NatWest public share sale scrapped, Reeves announces
Labour Chancellor Rachel Reeves says a retail share sale of the bank would not ‘represent value for money’
By Chris Newlands Published
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Rachel Reeves: Labour has inherited a projected overspend of £22 billion from the Conservatives
The Chancellor has announced an array of measures to save money, including scrapping the Stonehenge tunnel, ditching social care reforms, and making the winter fuel payment means-tested
By Ruth Emery Published
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Who will be the next leader of the Conservative Party?
After the worst-ever Conservative election defeat, the race for Rishi Sunak’s successor is underway.
By Katie Williams Published
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Government launches GB Energy – can it cut bills and boost the economy?
The clean power company’s first project will involve building offshore wind farms on land leased from the Crown Estate. Will it supercharge the economy and lower our energy bills?
By Katie Williams Published
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Is it time to invest in creative industries?
Any industrial strategy should not overlook the creative industries, one of our top national assets
By David C. Stevenson Published
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Could the new Growth Guarantee Scheme help boost your business?
The new government-backed Growth Guarantee Scheme is aimed at helping businesses recover from the pandemic. Is it worth considering and are you eligible?
By David Prosser Published