The Business Times

UK economy

International

UK retail sales and consumer morale slide ahead of Budget

Mark Coombs, chief executive officer of Ashmore Group Plc, during the Bloomberg New Economy Forum in Singapore, on Thursday, Nov. 20, 2025. The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News. Photographer: Lionel Ng/Bloomberg
Global Enterprise

UK not alone in risking another ‘Liz Truss moment’, says Ashmore CEO Coombs

Reeves has maintained that she needs to show the markets that the UK government is fiscally prudent and needs to raise £30 billion to balance the books.
International
NEWS ANALYSIS

All eyes on UK’s Reeves and her tax moves at Nov 26 Budget

The British Retail Consortium said sentiment had been hit by government hints that the main rate of income tax would rise for the first time since the 1970s - an idea which now appears to have been ditched.
International

UK consumer sentiment slides ahead of budget, retailers say

Food and drink inflation, which the BOE expects to reach a peak of 5.3 per cent in December and views as influential on households’ expectations for future inflation, rose to 4.9 per cent in October from 4.5 per cent.
International

UK consumer price inflation eases to 3.6% in October

The Jaguar Land Rover hack cost the British economy an estimated £1.9 billion and affected over 5,000 organisations.
International

UK’s sluggish Q3 economy disappoints ahead of Nov 26 Budget to kickstart growth

Total retail sales in the UK rose 1.6 per cent from a year earlier, below the 12-month average and the slowest since May.
International

UK retail sales growth slows ahead of Black Friday

The number of unemployed people per vacancy in the UK was 2.5 in July to September 2025.
International

UK unemployment at its highest since pandemic as jobs market cools

Last year, British finance minister Rachel Reeves imposed a big tax rise on employers’ social security contributions to raise money for infrastructure spending, which hurt business confidence.
International

UK’s CBI tells Reeves to break tax promises and build fiscal headroom

The National Institute of Economic and Social Research said British finance minister Rachel Reeves should build £30 billion (S$52.3 billion) of margin for error against economic shocks, up from £10 billion at her last budget.
International

UK needs big tax rises to avoid second Liz Truss episode: think-tank

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