PM did not rule out an NI increase for employers

Creative Media NewsTuesday, 15 October 2024, 11:500

Sir Keir Starmer said he had not ruled out increasing National Insurance for employers in the Budget.The Labour Party's 2024 manifesto prohibits hiking National Insurance, income tax, and VAT.However, Sir Keir avoided queries about whether Labour's vow not to raise taxes for "working people" included employers' National Insurance (NI).

Bumper US interest rate cuts try to revive sagging economy

Creative Media NewsWednesday, 18 September 2024, 21:120

Central banks worldwide are examining the cost of borrowing, with the majority planning to lower interest rates. On Thursday, the Bank of England will review whether the UK economy is prepared for another rate decrease.US interest rates have been cut for the first time in more than four years, and by more than many predicted, on fears that the world's most excellent economy is slowing.

The UK economy has failed to grow for the second month in a row

Creative Media NewsWednesday, 11 September 2024, 20:220

According to official figures, the UK unexpectedly failed to grow in July after flatlining in June.Analysts expected 0.2% growth in July.A summer of sporting events, including the Euros and the Olympics, boosted the services sector, but production and construction output decreased.

UK economy reverses with October surprise fall

Creative Media NewsThursday, 14 December 2023, 4:000

UK economy reverses with October surprise fall

IMF drastically raises UK economy prognosis but warns of further cost of living suffering.

Creative Media NewsWednesday, 24 May 2023, 8:000

As a result of Germany’s “near-zero” growth rate forecast, Britain is no longer the group’s laggard. However, a note of caution was issued regarding the future impact of increased interest rates. The International Monetary Fund (IMF) announced today that neither a recession nor the weakest economic growth among the seven leading industrialized economies is anticipated...

The UK economy will be boosted by 0.08% as a result of the UK-Asia trade agreement.

Creative Media NewsSaturday, 1 April 2023, 4:000

Three years after exiting the EU, the UK joined a trade treaty with 11 Asia-Pacific nations. According to the government, joining the group will increase UK exports by reducing tariffs on products such as cheese, cars, chocolate, machinery, gin, and whisky. The government believes that joining the bloc will increase the British economy by 0.08...

UK economy narrowly avoids recession amid December strikes.

Creative Media NewsFriday, 10 February 2023, 8:000

The ONS reported that the World Cup’s absence from Premier League football lowered output in December 2022. Early official numbers indicate that the UK narrowly averted recession in the second half of last year, despite growth reversing sharply in December due in part to the impact of strikes and the absence of Premier League football....

UK economy will worsen before improving, says chancellor

Creative Media NewsMonday, 12 December 2022, 20:000

Jeremy Hunt, the Chancellor of the United Kingdom, has predicted that the economy will worsen before it improves, following the release of data showing that it contracted more between August and October. The economy declined by 0.3% during the past three months due to the impact of rising costs on firms and people, and the...

OECD report: UK economy will be worst among G7 nations.

Creative Media NewsTuesday, 22 November 2022, 9:000

The Organization for Economic Cooperation and Development has predicted that the economy will contract more than that of any of the other six nations that make up the group of the largest industrialized democracies in the world. According to research, the UK economy will take the largest blow out of all the G7 countries in...

Typical cost for many everyday items: Inflation accepts cost as UK economy contracts in March

Creative Media NewsFriday, 13 May 2022, 15:060

Families and organizations are stressing under a load of worldwide cost increments generally brought about by request overwhelming stockpile as the COVID emergency facilitates and, hitherto, the impacts of Russia’s conflict in Ukraine. Chancellor Rishi Sunak concedes Britons are confronting “restless times”. The month to month figure looks at to no development in February and...

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