UK Economy

Government scraps income tax rise after party revolt, exposing deep fractures and a shaky grip on economic policy.

Reeves’s plan to cut cash ISA limits looks less like reform and more like a tax raid.

UK borrowing hits £20.2bn, highlighting government mismanagement and growing risks to the country’s finances.

UK jobs market weakens as wage growth slows, payroll employment falls and vacancies decline, ONS figures show.

UK gilt yields hit soar, intensifying debt fears and raising questions over Labour’s economic credibility.

Another energy bill rise deepens UK household strain, with debt fears sparking talk of an IMF bailout.