News
Bank of England Governor Warns Against Deregulation Amid Financial Stability Concerns
Bank of England Governor Andrew Bailey has issued a stark warning to Chancellor Rachel Reeves over her government’s plans to…
General Motors Profits Plunge Amid Trump-Era Tariffs and EV Headwinds
General Motors has reported a significant 32% drop in second-quarter profits, citing a $1.1 billion blow from newly imposed import…
UK Inheritance Tax Revenues Hit £2.2 Billion Amid Soaring Property Prices and Frozen Thresholds
HM Revenue and Customs (HMRC) collected £2.2 billion in inheritance tax (IHT) in the first quarter of the 2024–25 tax…
British Business Bank Returns to Profit with £144m Gain Amid Expanded Growth Mandate
The British Business Bank has reported a pre-tax profit of £144 million, marking a strong financial rebound after two years…
UK Company Insolvencies Fall in June, but Experts Warn of Renewed Risks Ahead
The number of UK companies entering insolvency fell sharply in June, offering businesses a temporary reprieve amid ongoing economic uncertainty.…
US Senate Approves Trump’s $9 Billion Spending Cuts, Slashing Foreign Aid and Public Broadcasting
The US Senate has narrowly approved President Donald Trump's controversial proposal to cut $9 billion in federal spending, targeting foreign…
