Economy
HMRC opens Belfast Regional Centre and UK Government hub
Friday, 21 October 2022, 11:28
HMRC opens Belfast Regional Centre and UK Government hub
HMRC’s Belfast Regional Centre and UK Government hub has been formally opened by Chris Heaton-Harris MP, secretary of State for…
Inheritance tax receipts hit £3.5bn this year
Friday, 21 October 2022, 10:29
Inheritance tax receipts hit £3.5bn this year
Inheritance tax receipts have hit £3.5bn in the six months to September 2022, £400 more than in the same period…
Liz Truss steps down as prime minister
Thursday, 20 October 2022, 13:48
Liz Truss steps down as prime minister
Liz Truss has announced that she is standing down as prime minister after a turbulent week for the government, just…
Rising food prices push inflation back to 10.1%
Wednesday, 19 October 2022, 10:45
Rising food prices push inflation back to 10.1%
Inflation has returned to the 40-year high of 10.1% in September, up from 9.9% in August, with rising food prices…
Chancellor reverses almost all mini-budget tax cuts
Monday, 17 October 2022, 11:37
Chancellor reverses almost all mini-budget tax cuts
Newly appointed chancellor Jeremy Hunt has reversed almost all of the mini-budget commitments made by previous chancellor Kwasi Kwarteng last…
IMF downgrades UK growth forecast to 0.3% in 2023
Thursday, 13 October 2022, 10:48
IMF downgrades UK growth forecast to 0.3% in 2023
The International Monetary Fund (IMF) has cut its growth forecast for the UK in 2023, with the economy expected to…
Unemployment at lowest level in 50 years as pay levels fall
Tuesday, 11 October 2022, 10:26
Unemployment at lowest level in 50 years as pay levels fall
The UK unemployment rate dropped to 75.5% for June to August 2022, down 0.3 percentage points from the previous quarter…
Pound plunges to historic low
Monday, 26 September 2022, 10:09
Pound plunges to historic low
The pound has plummeted to an all-time low against the dollar following the sweeping tax cuts announced by chancellor Kwasi…
Chancellor announces sweeping tax cuts in first mini-budget
Friday, 23 September 2022, 10:30
Chancellor announces sweeping tax cuts in first mini-budget
Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as…
BoE raises interest rates to 2.25%
Thursday, 22 September 2022, 12:16
BoE raises interest rates to 2.25%
The Bank of England has today (22 September) announced that interest rates will be raised by 0.5%, with rates rising…