UK economy contracts again in May

According to the Office for National Statistics (ONS), the UK economy shrank by 0.1% in May, marking its second consecutive monthly contraction. The decline surprised analysts, who had expected modest growth. Manufacturing was the main driver of the fall, with notable...

Funding needed to fix struggling high streets

Reviving struggling UK high streets could cost up to £5 billion, according to new research by the Centre for Cities thinktank. The report highlights stark regional differences in retail health, with cities like Bradford, Newport and Blackpool facing shop vacancy rates...

Public finances face rising long-term risks

According to the Office for Budget Responsibility (OBR), Britain’s public finances are looking increasingly fragile, with the rising cost of the state pension triple lock a key concern. The OBR estimates it could cost taxpayers up to £15.5bn a year by the next...

Markets stabilise after Reeves backed by PM

Government borrowing costs eased following a turbulent day in Westminster at the beginning of the month, during which the chancellor, Rachel Reeves, became visibly emotional during Prime Minister’s Questions. Chancellor reassures markets after emotional Commons...

AI reduces UK entry-level job opportunities

The number of entry-level job opportunities in the UK has fallen significantly since the launch of ChatGPT, as companies increasingly turn to artificial intelligence to streamline operations and reduce staffing costs. New research from job search site Adzuna reveals a...