UK workers suffer bigger tax hikes than any leading economy after Reeves’ raid April 22, 2026 Taxes on wages in the UK rose at a faster pace than any country tracked by the OECD as Chancellor Rachel Reeves’ measures have squeezed people’s incomes. A new report by the OECD – the Organisation for Economic Co-operation and Development – has found that taxes in the UK for single workers jumped higher than [...]
Peer pressure: Starmer admits former aide was considered for diplomatic role April 22, 2026 Sir Keir Starmer has admitted that he considered appointing Lord Matthew Doyle for an ambassadorial role without the foreign secretary knowing, amid growing questions over the Prime Minister’s judgment in key decisions. The Prime Minister appeared to accept that Doyle, who recently had the Labour whip removed following revelations about his relationship with a sex [...]
War propels UK inflation in new risk for interest rate hikes April 22, 2026 Inflation sped up in March, official data has revealed, giving the Bank of England’s Monetary Policy Committee a headache as policymakers mull over whether to raise interest rates. Inflation jumped to 3.3 per cent last month as President Trump and Prime Minister Netanyahu’s war on Iran led to critical trade disruption across the Strait of [...]
Starmer won’t recover from the toxic Mandelson scandal April 22, 2026 Think back to the election campaign of 2024 and you’ll recall that Sir Keir Starmer’s pitch for power wasn’t based on very much. His offer to the electorate was built almost entirely on the well-worn ‘time for change’ argument that opposition politicians across the world cling to when the incumbent has clearly run out of [...]
Robbins: Starmer’s team was ‘dismissive’ about Mandelson vetting April 21, 2026 Former Foreign Office permanent secretary Sir Olly Robbins has criticised Number 10’s “dismissive attitude” to security vetting for Lord Peter Mandelson, who accessed classified files before Robbins, who was recently sacked from his key civil service post, told the Foreign Affairs Committee that there was “constant pressure” on the Foreign Office to give Mandelson clearance [...]
Job vacancies fall to lowest level in five years April 21, 2026 The UK jobs market took a turn for the worst as job vacancies fell to their lowest level in nearly five years, according to official figures. The Office for National Statistics (ONS) said the number of vacancies fell by an estimate of 29,000 in the three months to March. It is the lowest level of [...]
Unemployment to peak at 5.8 per cent as jobs market faces ‘biggest hit’ since pandemic April 20, 2026 Britain is set to be “pushed to the brink of a technical recession” in the coming year as the economic fallout of the war in Iran dampens growth prospects and sends unemployment soaring. The latest Item Club report sees the UK economy flatlining in the second and third quarters as it digests the consequences of [...]
Rachel Reeves to meet Lloyds and Natwest chiefs over Iran war April 20, 2026 Rachel Reeves has called in the bosses of Britain’s top banks for a summit this week to discuss the economic impact of the war in Iran. The Chancellor has invited executives from Barclays, HSBC, Lloyds, Natwest, Santander UK as well as the UK’s biggest building society Nationwide for a meeting this Wednesday. The meeting – as [...]
‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain April 17, 2026 Bond traders are bracing for the prospect of a surge in gilt yields as uncertainty over the future of Keir Starmer’s term in office could pave the way for a more left-wing successor. A Starmer defenestration could be just weeks away amid renewed scrutiny over the botched appointment of Peter Mandelson as Washington ambassador and [...]
Bank of England will set ‘high bar’ for any interest rate change April 17, 2026 Policymakers at the Bank of England will set a ‘high bar’ for making any interest rate change later this month despite growing expectations of rising inflation, top City analyst Simon French has said. The previous energy shock suffered by the UK following the Russian invasion of Ukraine in 2022 saw inflation spike to as high [...]