Thames Water £3bn rescue loan gets High Court approval
The UK’s largest water company, already straining under £19.5bn of debt, had sought court approval to borrow up to £3bn from its top-ranking creditors. The company has said that will give it breathing room to raise equity from new investors and renegotiate its debts.
Some UK government departments are bracing for budget cuts of as much as 11% as Prime Minister Keir Starmer comes under mounting pressure to plow more money into defense.
The UK economy unexpectedly grew in the final three months of last year following a boost to the construction and services ...
The UK’s Supreme Court refused to let the Treasury intervene in a landmark court case over controversial car loans, dealing a ...
UK borrows 17.8 bln pounds in December Economists ... Britain ran a bigger-than-expected budget deficit in December, swelled by debt interest costs and a one-off purchase of military homes ...
Donald Trump’s latest plan to slap tariffs on US imports based on sales taxes in their country of origin could shave £16 ...
Simply sign up to the UK employment myFT Digest -- delivered directly ... wage increases announced by Rachel Reeves in the October Budget. The policies — which the chancellor said would help ...
UK employment plunged in the weeks after Labour increased payroll taxes in its first budget, reinforcing the case for the Bank of England to continue cutting interest rates. Data based on tax ...
(Bloomberg) -- Debt costs pushed up UK government borrowing more than forecast last month, highlighting the fiscal challenges facing Chancellor of the Exchequer Rachel Reeves. The budget deficit ...
The UK economy will grow by 1.5% in 2025, according to a thinktank forecast, which said this would be fuelled by measures announced in the autumn budget. The National Institute of Economic and ...
“There is growing evidence that firms have effectively pressed pause on hiring post-Budget,” Thomas Pugh, economist at RSM UK said. It is worth remembering that the labour market has been ...
Although the full impact of the Budget changes would only be seen ... The figures come as Reeves heads to Davos to make the case for the UK as a destination for international investment, with ...
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