Small businesses face ongoing decline

The number of active businesses in the UK has dropped, with small businesses experiencing the sharpest decline. A new analysis from the Global Payroll Association (GPA) highlights that there are currently 5.49m active businesses in the UK, marking a 1% annual decrease...

Unemployment rises as pay growth slows

The unemployment rate rose to 4.3% in the three months to September, up from 4% in the previous quarter. Pay growth also slowed, with wages (excluding bonuses) increasing at an annual rate of 4.8% between July and September – the slowest rise in over two years....

Bank of England cuts interest rates to 4.75%

The Bank of England (BoE) has reduced interest rates to 4.75%, marking the lowest level since June 2023. Announced yesterday, this cut follows a previous hold, with the Monetary Policy Committee (MPC) voting to decrease rates from 5% to 4.75%. One MPC member preferred...

Tuition fees set to rise for first time in eight years

The Education Secretary, Bridget Phillipson, has announced an increase in tuition fees from £9,250 to £9,535 per year starting in September 2025. This is the first fee increase in eight years, with further plans aiming to exceed £10,000 by the 2029/30 academic year....