-
The UK economy showed zero growth from July to September 2024, prompting concerns from both Labour and SNP leaders. Chancellor Rachel Reeves faces criticism for tax increases, while business confidence declines. The situation raises questions about Labour's economic management and future growth prospects as inflation rises and consumer spending falters.
-
The ongoing debate about immigration policy in the UK has intensified, with significant implications for the economy and political landscape. Recent discussions highlight the impact of high net migration figures and the potential consequences of a net-zero immigration policy, particularly in Scotland, where demographic challenges are emerging.
-
Chancellor Rachel Reeves attended her first Eurogroup meeting in Brussels, aiming to reset the UK's relationship with the EU post-Brexit. While she emphasized the need for closer economic ties, she reaffirmed Labour's red lines against rejoining the single market or customs union. Negotiations are set to begin in the new year.
-
UK inflation increased to 2.6% in November, up from 2.3% in October, driven by higher petrol and clothing prices. This rise complicates expectations for interest rate cuts, with the Bank of England likely to maintain rates at 4.75% amid persistent inflationary pressures.