Economy

As Donald Trump prepares to impose new tariffs, Britain finds itself in an increasingly difficult trade standoff. The US remains a crucial partner, but the EU dominates UK trade volumes.

The UK’s involvement in recent EU discussions marks a shift in diplomatic relations, focusing on shared security concerns. As global challenges grow, the UK’s role in shaping EU defence policy…

Nationwide has slashed interest rates across multiple savings accounts, leaving millions of customers with lower returns. The move could significantly impact long-term savers, prompting many to consider alternatives. As inflation…

The UK’s economy is struggling to gain momentum as growth forecasts take another hit. A weaker-than-expected second half of 2024 has led experts to lower their expectations for 2025. With…

Thousands of UK households could receive up to £500 in financial support this month through the Household Support Fund, designed to help with food, energy bills, and essentials. Unlike many…

Older drivers will be hit with higher car tax bills from April 2025, as the government scraps key exemptions and increases Vehicle Excise Duty (VED) rates. Many older motorists, who…

Passengers travelling on South Western Railway (SWR) services in February should prepare for significant disruptions, as planned engineering works will affect key routes. Trains will be replaced by bus services,…

The UK’s largest outdoor retailer is set to close two more stores, continuing a trend of high street closures. While closing-down sales offer discounts of up to 30%, the affected…

Universal Credit claimants must report specific changes or risk penalties. Some of these updates are minor but crucial to avoid overpayments.

The UK’s state pension system is facing an unprecedented financial challenge. With an ageing population and a declining birth rate, the balance between contributors and retirees is shifting in a…

As the UK marks five years since leaving the European Union, the SNP has renewed its calls for a change in direction. Economic data shows slower growth and declining trade,…

The UK government is preparing a DWP benefits crackdown, focusing on health and disability support. The reforms aim to control welfare spending while raising concerns about their impact on vulnerable…

High street banking is shrinking fast—19 more branches are set to close this February, affecting communities from Swindon to Belfast. Since 2015, over 6,200 branches have vanished, with more shutdowns…

Nationwide has announced special bonus payments for eligible customers, alongside upcoming changes to interest rates on savings accounts. While some accounts will see rate reductions, others—such as the Flex Regular…

Despite growing concerns over financial exclusion, the UK government has confirmed it will not introduce regulations requiring businesses to accept cash. While efforts to maintain access to physical currency continue,…

The Department for Work and Pensions (DWP) has been granted new powers allowing it to check bank accounts, even for individuals who do not claim benefits. As part of a…

Millions of households in England face unprecedented council tax hikes, with some areas proposing increases as high as 25%. As councils battle severe financial pressures, residents could see bills soar…

The UK Government has confirmed an 8.5% increase in the State Pension for 2025, aiming to ease the financial strain caused by inflation and the rising cost of living. This…

Coca-Cola has recalled several drink lines in Europe due to higher-than-acceptable levels of chlorate, a chemical used in water treatment. While the company claims the risk to consumers is minimal,…

Millions of UK households are falling victim to hidden tax traps, from frozen income thresholds to diminishing allowances. As wages rise, more people are pushed into higher tax brackets, losing…

Rachel Reeves faces mounting criticism as businesses brace for rising costs and shrinking activity, prompting calls for a policy overhaul. A CBI survey highlights a grim outlook, with job cuts…

Disability benefits do more than support vulnerable households—they drive billions in economic value each year. Yet, Labour's potential cuts have sparked fears of deepening poverty and economic fallout. As the…

As Britain races towards a future dominated by electric vehicles, the divide between those with home chargers and those relying on public infrastructure grows deeper. With costs soaring and charger…

Nationwide has announced a special payout for savers, with some customers earning up to £410 in interest. The building society is encouraging account holders to check their eligibility as changes…

The Labour Party has outlined a transformative vision for the UK’s benefits system, with sweeping changes to disability assessments and measures to curb welfare fraud. New proposals could bring stricter…

The Department for Work and Pensions (DWP) is introducing new measures to combat benefit fraud, including expanded powers to access claimants’ bank account details. The move, aimed at saving taxpayers…

Following rumours of a potential exit from the UK market, Santander has officially addressed its position, reassuring its customers of its ongoing commitment to Britain. The bank has emphasised its…

The DWP is introducing unprecedented powers to tackle welfare fraud, including the ability to search properties and seize evidence like smartphones and computers. With £10 billion lost annually to fraud…

Labour is facing mounting pressure to address growing dissatisfaction with inheritance tax, often criticised as unfair and outdated. Discussions are underway about potential reforms that could ease financial burdens on…

Martin Lewis has drawn attention to a little-known scheme that could exempt individuals from paying Council Tax or significantly reduce their bills. This initiative offers crucial financial relief for those…

Banking customers with Lloyds, Barclays, HSBC, and NatWest are being urged to review their savings accounts, as the interest rates offered by these banks are significantly lower than market-leading options.…

The Department for Work and Pensions (DWP) is calling on eligible pensioners to apply for Pension Credit, a benefit that could provide an average of £4,350 annually in just 16…

The UK is exploring a potential return to closer trade ties with Europe through a landmark customs deal. Joining the Pan-Euro-Mediterranean Convention could offer businesses a lifeline after Brexit, but…

The Bank of England is bracing for bold action as economic challenges mount. With predictions of up to six interest rate cuts by next year, Goldman Sachs warns of a…

Changes to car tax rules could see elderly and disabled drivers saving hundreds as new rates come into force. The government’s reforms aim to promote greener vehicles, but some motorists…

Millions of UK pensioners have faced unexpected tax bills due to outdated emergency tax codes on their retirement savings. Now, HMRC is introducing automatic corrections to prevent overpayments and simplify…

The UK is unlikely to face Donald Trump’s tariffs, according to Rachel Reeves, who highlights the trade deficit as a key factor. At Davos, she outlined plans to prioritise economic…

Millions of taxpayers face a critical deadline as the self-assessment window narrows. Penalties for delays loom large, but there’s still time to act. Untapped allowances and reliefs could significantly cut…

Plans to include pension funds in inheritance tax calculations have sparked criticism from industry experts, who warn that the changes could impose significant financial and emotional burdens on grieving families.…

Freezing conditions have activated cold weather payments across the UK, with £4 million already disbursed to help vulnerable households stay warm. As winter deepens, fewer triggers this year hint at…

Aldi is raising store assistant wages to at least £12.71, with higher pay within the M25. The company continues to offer unique benefits, including paid breaks.

Millions of UK pensioners are set to benefit from a £470 annual increase under the triple lock system, a mechanism designed to protect retiree incomes. However, ongoing discussions about its…

A well-known high street retailer has announced plans to shut 17 of its stores across the UK this year. The closures, which include locations already shuttered in January, highlight the…

The Department for Work and Pensions is rolling out a nationwide campaign targeting millions of state pensioners. This initiative aims to highlight unclaimed benefits, including Pension Credit, worth up to…

Wales, long a British Labour stronghold, is grappling with mounting crises in healthcare and education, exposing deep fractures in voter loyalty. As the nation heads to the polls in 2026,…

Experts have sounded warnings about the financial sustainability of the UK’s welfare system, prompting major reforms by the Department for Work and Pensions. Targeting inefficiencies in health and disability benefits,…

State pensioners across the UK could be missing out on thousands in additional support from the DWP. A little-known scheme offers significant financial boosts to retirees meeting specific criteria, yet…

As winter grips the UK, tighter emissions rules are putting millions of households with log burners under scrutiny. New regulations aim to tackle air pollution, with noncompliance leading to hefty…