Chancellor Rachel Reeves

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Currency

Business

UK economy failed to grow in third quarter of 2024

The UK economy flatlined in the third quarter of the year, according to revised official figures. The Office for National Statistics said that UK gross domestic product (GDP) showed no growth between July and September, in the run up to the Autumn budget. Statisticians had previously estimated 0.1% growth for the quarter. The ONS also revised down its growth reading for the second quarter of 2024, to 0.4%. In September, […]

todayDecember 23, 2024 2

Chancellor Rachel Reeves

Business

Rachel Reeves tells small business owner: ‘We are trying to help’

Chancellor Rachel Reeves told a shop owner the Government was “trying to help” as she visited independent retailers ahead of Small Business Saturday. Ms Reeves toured the Leeds Corn Exchange on Friday where Deborah Bellamy, owner of Hidden Wardrobe, told her that businesses had found it “very tough” in recent years with rising costs and minimum wage increases, and had to let some staff go. The Chancellor said: “I know […]

todayDecember 7, 2024 1

Chancellor Rachel Reeves

Business

Hospitality bosses warn NICs changes ‘regressive in impact’ on lower earners

Hospitality bosses have told Rachel Reeves her changes to National Insurance are “regressive in their impact on lower earners”, it has been reported. Signatories to the letter organised by UK Hospitality, and seen by The Sunday Times, have said that “some jobs on minimum wage will become unviable” as a result of the new threshold announced at last week’s Budget. The main tax rise in Ms Reeves’ fiscal statement was […]

todayNovember 10, 2024 4

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