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UK economy

  • House affordability offers first time buyers boost but Londoners lag behind

    January 20, 2026

    Improved house affordability has sparked an uptick in first time buyer activity over the last year, but those on lower incomes remain shut out of the housing market. Affordability constraints eased slightly, due to declining mortgage rates and wage growth surpassing house price growth, bolstering buyer demand, particularly among those taking the first step onto [...]

  • Reeves to overhaul visa system for talented migrants in Davos pitch

    January 20, 2026

    Chancellor Rachel Reeves is set to talk up new visa schemes aimed at highly-skilled migrants working in tech in a pitch to business leaders and top researchers gathered at Davos.  Reeves is set to talk up the Labour government’s new immigration policies as she hopes to get the attention of some of the world’s richest [...]

  • Greg Jackson: London IPO a ‘no brainer’ if capital flows reverse

    January 19, 2026

    Octopus chief Greg Jackson has said choosing London as the destination for the blockbuster IPO of tech spin-off Kraken would be a “no brainer” if the exchange maintains its world-leading performance in 2025 and demonstrates it can lure fresh capital into the UK. In the biggest signal yet that the firm may select London over [...]

  • UK retains investment appeal but CEO confidence falters

    January 19, 2026

    The UK has strengthened its position as a global investment hub over the last twelve months, as it works to offset competition from other countries. Britain remained the second-most attractive destination for international investment for chief executives last year, according to the latest survey from PwC, but now shares the position with Germany and India. [...]

  • Firms warned to make ‘contingency plans’ amid £6bn tariff hit 

    January 19, 2026

    Businesses across the UK have been warned to draw up “contingency plans” in case President Trump follows through on imposing 10 per cent tariffs on imports from major European economies next month.  British Chambers of Commerce (BCC) director general Shevaun Haviland warned businesses to prepare for the worst as the impact of US tariffs on [...]

  • High earners could be missing out on thousands in pension tax relief 

    January 19, 2026

    High earners could be at risk of losing a quarter of a million pounds in pension tax relief through failing to reclaim by the self-assessment tax return deadline. Brit ensnared in the £100,000 tax trap could see thousands of pounds slipping out of their grasp, as well as valuable free childcare support, according to wealth [...]

  • Inflation expected to inch back up due to travel rush 

    January 19, 2026

    Inflation is expected to edge back up as higher airfares and tobacco prices are squeezing British families’ budgets and adding to pressures on the cost of living.  A Bloomberg poll of economists has predicted consumer price index (CPI) inflation to hit 3.3 per cent rate for the year to December, which would be higher than [...]

  • Gatwick’s £2.2bn second runway to be challenged in court

    January 19, 2026

    Gatwick Airport’s £2.2bn second runway will be the focus of a legal challenge at the High Court on Tuesday, as an environmental group opposes the government’s decision to grant the approval. In September, Gatwick Airport’s second runway, the Northern Runway, received development consent from the transport secretary, Heidi Alexander. Gatwick has had a northern runway [...]

  • Farage to ‘have some words’ with Trump over ‘hurtful’ UK trade threats

    January 19, 2026

    Nigel Farage has attacked President Trump for his tariff threats against the UK, adding that he would be “having some words” with US administration officials during meetings in Davos on Wednesday.  In a statement the Reform UK leader said threats against the UK were “not the kind of thing we would expect”.  It is the [...]

  • Stuart Rose steps down as EG Group chair ahead of US IPO

    January 19, 2026

    Stuart Rose has stepped down as chair of EG Group ahead of the forecourt firm’s flotation in New York later this year. The retail industry veteran and Conservative peer has been replaced with immediate effect by Roland Smith, the current chairman of American fast-food chain Jack’s, in the clearest sign yet the company is seeking [...]

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