13 result(s) for “UK economy”
Chancellor John Healey used the Autumn Budget to shore up public finances with targeted business tax measures, while expanding HMRC access to its Advance Tax Certainty Service from early November, a move that could speed large investment decisions but raises compliance questions for companies.
Chancellor John Healey set out his first Autumn Budget on 28 October 2026, seeking to thread fiscal discipline with targeted support for households and investment, while markets watched gilt yields and the Office for Budget Responsibility updated its forecasts.
Chancellor John Healey will set out his first Autumn Budget on Oct 28, 2026, facing pressure from tighter markets, a swollen deficit and higher energy-driven inflation. Investors and businesses are watching for measures on bank taxes, business support and infrastructure funding that could shape gilt and sterling moves.
Chancellor John Healey has unveiled a package of AI and cyber security investments ahead of the October 28 Budget, including a government backed AI Biosecurity Lab with model credits from OpenAI and Anthropic and new capital for state lenders. The moves aim to position the UK as a hub for secure AI-driven life sciences while drawing scrutiny from investors and civil society.
New Office for National Statistics figures and a YouGov survey published this week underline the fiscal squeeze facing ministers ahead of the 2026 Autumn Budget, with half of business leaders saying they expect the statement to leave firms worse off.
With Chancellor John Healey due to deliver his first Autumn Budget on October 28, market analysts and financial institutions in London said on October 22 they were positioning for a statement that must balance growth priorities with strict fiscal credibility. Investors will watch gilt yields, bank shares and corporate tax signals for what the government is prepared to fund.
A new analysis highlighting a multi decade high funding gap for public services and defence has intensified market and political scrutiny of Chancellor John Healey’s first Budget, raising the prospect of tax rises, spending cuts, or fresh fiscal trade offs.
Official data released on October 15, 2026 shows UK GDP rose 0.1 percent in August, defying forecasts for a contraction. The surprise growth, led by manufacturing and computer programming, shifts market and policy expectations ahead of the autumn Budget and a likely Bank of England rate review.
The International Monetary Fund raised its forecast for UK growth in 2026 to 1.3 percent on October 14, 2026, citing stronger-than-expected activity this year, but cautioned that higher energy costs and rising interest rates could slow expansion next year, a development that complicates Chancellor John Healey’s plans ahead of the October 28 budget.
British government bond yields climbed to levels not seen since 2007 on October 9, 2026, as a global bond sell off and a rebound in oil prices pushed investors to demand higher compensation for sovereign debt. The move is pressuring bank stocks, lifting mortgage and corporate financing costs, and complicating Treasury plans ahead of the October 28 Budget.
Britain's largest supermarket group raised the lower end of its full year profit forecast and increased its buyback after first-half adjusted operating profit beat expectations, signalling resilient consumer spending and bolstering confidence in the UK grocery sector.
HSBC is reported to be planning sweeping job cuts across its UK wealth management arm, cutting around half of management and specialist roles and up to 70 percent of financial adviser positions as it shifts to AI-driven client servicing. The move deepens questions about the future of advice jobs, regulatory oversight and the structure of Britain’s wealth sector.
British retailer Next has raised its annual profit forecast after a strong first half, but the company expects slower UK sales growth as inflation, mortgage costs and pressure on household finances weigh on consumers.