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By Innovation Times Economic DeskOctober 15, 2025 | London UK Chancellor Rachel Reeves has confirmed that the government is weighing both tax increases and spending cuts as part of its strategy to stabilize public finances ahead of the upcoming national budget. Speaking during a briefing at the Treasury on Monday, Reeves said the measures are […]
The Bank of England has reduced its base interest rate by 25 basis points to 4.0 percent, responding to continued signs of economic weakness in the UK. This marks the fifth rate cut in the last 12 months, a sharp reversal from the tightening cycle of previous years. The move follows two consecutive months of […]
In a glimmer of hope for British consumers, UK grocery inflation showed signs of easing in January, offering some relief to household budgets after months of relentless price hikes. According to industry data released by market researcher Kantar, annual grocery price inflation fell to 3.3% in the four weeks leading up to January 26, down […]
In a surprising turn of events, government borrowing in the UK surged beyond expectations in December, marking the highest level of borrowing for the month in four years, according to official figures from the Office for National Statistics (ONS). The UK government borrowed a total of £17.8 billion in December 2024, a sharp increase of […]
Gilts, the UK government bonds, have experienced their best performance in several months, marking their strongest week since July. The positive movement in gilts follows a string of disappointing economic data, which has led investors to reassess their outlook on UK interest rates and inflation. The economic reports over the past week have raised concerns […]
