Budget 2026: Healey faces ‘£11bn hole’ as growth slashed and inflation to rise higher

Britain’s fiscal watchdog has predicted that growth will slump and joblessness and inflation will surge in the coming years, as they warned John Healey will have to find billions of pounds more revenue between 2029 and…

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GSK shares dive as weaker vaccine sales unnerve investors

Britain's second-biggest pharmaceutical company reported a 19% decline in pre-tax profit to £1.9bn in the July to September quarter and £318m of restructuring charges, with more to come. Core operating profit and core…

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Autumn Budget 2026: Bank tax will hardly ‘do no harm’

The Chancellor was right to acknowledge the contribution financial and related professional services make to jobs and investment across the UK. But his measures didn’t consistently match that ambition. Announcements on…

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‘Elonville’: US residents say Musk’s xAI offered to buy homes if they don’t sue over datacenter noise

Real estate agents have been going door to door in Southaven, Mississippi , on behalf of xAI, touting a deal to purchase houses as long as the owners agree to not join a lawsuit against the company over the power plant's…

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Passengers stranded in Cambodia after cruise halted due to high fuel costs

The ship, known as the MV Odyssey, had been carrying 203 passengers, mostly Americans, along with 156 crew members, Cambodian officials told the Associated Press . The ship has a 650-passenger capacity. The Florida-based…

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Autumn Budget 2026: Wary Healey presents a Ming Vase Budget

What was needed, though, was a ‘do some real good’ Budget. The only ‘rabbit’ was a £100 ‘household energy payment’ for 20m households in council tax bands A–D, costing £2.6bn. But even this merely replaced a widely…

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Income tax: Healey’s budget leaves thresholds frozen again. How much more will you pay?

One of the biggest tax rises in recent years has happened without a change in the rates at which people are taxed on their incomes. Instead it has come from successive government decisions to keep the thresholds…

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How much is the minimum wage going up by?

The rate for workers aged 21 and over is called the National Living Wage, while those aged 18 to 20 are paid the National Minimum Wage. They will both go up by 3.9% next year. The rates apply across the UK. What is the…

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JP Morgan slams Healey for bank tax hike that ‘lacks principle’

“To single out this industry for additional taxes again, one of the UK’s biggest generators of growth and jobs, lacks principle,” a spokesperson for the bank said. “It also overlooks that the banking industry operates in…

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Pint prices to rise as Healey hikes beer duty

The Chancellor said alcohol duty, which is charged on every pint sold, will rise in line with Retail Prices Index (RPI) inflation, which stands at 3.9 per cent. This will push up the duty on a pint from 50p to 52p. The…

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