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Burnham warned Iran war could hit UK growth next year
Andy Burnham has been warned that the UK economy could barely grow next year if disruption in the Strait of Hormuz continues until the end of 2026. Treasury sources have confirmed that internal modelling presented to the new prime minister and chancellor suggests UK GDP growth could be as low as 0.3% in 2027, as…
Reform proposes £30 tax rebate for HMRC phone delays
People on hold to HM Revenue and Customs (HMRC) for more than 30 minutes would get £30 off their tax bill under a Reform UK government, Robert Jenrick has announced. Reform’s economy spokesman said HMRC’s treatment of taxpayers was “offensive to working people” and his party would tie the pay of senior HMRC officials to…
Google may be forced to make changes to search engine in UK
Google may have to make changes in the UK so people have more choice over which search engine they use, following a landmark decision from the regulator. The Competition and Markets Authority (CMA) has designated Google with “strategic market status” under a law which came into force in January. The decision does not mean the…
UK economy grew by 0.3% in November, beating forecasts
Rachel ClunBusiness reporter Getty Images UK car manufacturing recovered in November The UK economy grew by a faster-than-expected 0.3% in November after car production rebounded and the services sector got a boost. Growth was driven by an increase in industrial output, the Office for National Statistics (ONS) said, helped by the return to production at…
