ChancellorHunt

UK Businesses Brace for Tough Times as Job Cuts Rise Following Tax Hikes

7 days ago

In a troubling indicator of economic sentiment, the latest Purchasing Managers' Index (PMI) data shows a significant downturn in the UK’s business landscape, leading many firms to make drastic changes, including slashing jobs. This development comes in the wake of Chancellor Jeremy Hunt's controversial tax increase aimed at stabilizing the country’s finances amidst ongoing economic challenges.

Vanguard Projects 50% Chance of BOE Rate Hold Post-UK Budget

2 months ago

In a recent analysis, investment firm Vanguard has assigned a 50% likelihood that the Bank of England (BOE) will maintain its current interest rates following the release of the UK's latest budget. This forecast comes in the wake of Chancellor Jeremy Hunt's budget announcement, which has drawn attention from investors and economists alike, as it outlines the government’s fiscal strategies and economic health indicators.