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EWU News30 articles
UK Budget Proposal: £600 Tax Relief for Workers, 45% CGT for Investors
A reported UK Budget proposal could lift personal allowance by £3,000, saving basic-rate taxpayers £600, but raise capital gains tax to 45%.
Rightmove Shares Slide 4.1% as UK Housing Data Reveals Weak Demand
Rightmove shares closed 4.1% lower at 484.6p on Tuesday, erasing Monday's gain, as higher asking prices masked a 9% drop in buyer inquiries and a 12-year high in available homes.
Clayton Glass Insolvency Rumors Unconfirmed as Official Records Remain Silent
Despite online speculation, UK public records show no administration filing for Clayton Glass as of Sept 18. The company's financial health remains uncertain amid thin margins and working capital deficit.
UK Chancellor Pushes for British Access to EU 'Made in Europe' Rules
UK Chancellor John Healey will urge EU finance ministers to include British factories in 'Made in Europe' procurement rules, a move that could affect automakers like BMW, Nissan, and Tata Motors.
UK Budget Review Threatens Holiday-Let Business Rates Relief
The UK Treasury is reviewing holiday-let tax rules, with potential reclassification to second homes threatening business rates relief ahead of the October 28 Budget.
BoE Holds Rates at 3.75%, Unveils Long-Term Gilt Reduction Plan
The Bank of England held rates at 3.75% and announced a plan to reduce its gilt holdings by £368 billion by 2034. Inflation expectations were revised higher.
Pension Revaluation Eases Teacher Pay Funding Gap in England
England's 3.5% teacher pay award remains unchanged, but a pension revaluation cuts employer costs, helping schools cover the funding gap and easing strike risk.
State Pension to Hit £13k, But Tax Relief Promise Falls Short
The UK State Pension is set to exceed £13,000 next April, but the government's tax relief pledge is narrower than expected, leaving many pensioners exposed.
TUC Chief Joins Bank of England Board, Not Rate-Setting Panel
Paul Nowak joins the Bank of England's Court, but not the MPC, so he won't vote on rates. His appointment doesn't affect the upcoming September decision.
FTSE 250 Rallies 1.1% as Keller Leads; BoE Decision Looms
The FTSE 250 rose 1.1% to 24,070.20, led by Keller Group's 4% gain, as investors awaited the Bank of England's rate decision.
Millions of UK Adults Skip State Pension Forecast Checks
Nearly 7 million UK adults have never checked their State Pension forecast, according to HMRC research. Many may be missing out on valuable top-up opportunities.
Cambium Networks UK Arm Enters Administration, Workforce Slashed by Half
Cambium Networks' UK operating subsidiary has entered administration, triggering a 53.6% global workforce reduction. The company seeks buyers for business lines, leaving CMBMF shareholders with uncertain recovery prospects.
London Mansion Tax Looms as House Prices Slide 3.3%
London house prices dropped 3.3% in July, and four boroughs could supply £275M of the planned mansion tax. The levy, starting 2028, adds pressure on luxury market.
UK Wage Growth Cools, but Gilt Yields Stay Elevated on Oil Spike
UK private-sector pay growth slowed to 2.9%, but 10-year gilt yields near 5.4% on oil-driven inflation concerns ahead of BoE decision.
Harbour Air-Pacific Coastal Merger to Create 59-Aircraft Regional Carrier
Harbour Air's acquisition of Pacific Coastal Airlines will create a 59-aircraft regional network in British Columbia, pending regulatory approval. Financial details undisclosed.
Centrica Faces Winter Bill Surge and Rising Bad Debt
UK households may see energy bills jump 25% in January, pushing typical costs above £2,000. For Centrica, the owner of British Gas, this creates both opportunities and risks.
UK PIP Caseload Hits 4.1M, Adding Pressure on Autumn Budget
Britain's PIP caseload hit 4.1 million in July, up 2% in three months, intensifying pressure on the autumn budget and gilt market sentiment.
UK State Pension Set for £9.40 Weekly Boost as Earnings Growth Hits 3.9%
The UK State Pension is projected to increase by 3.9% to £250.70 per week from April 2027, based on latest earnings data, though inflation could still alter the final amount.
UK Government Moves to Nationalize Speciality Steel After Private Deal Collapses
Britain is developing a state acquisition plan for Speciality Steel UK after rejecting a private bid, keeping 1,300 jobs in play but leaving financial details undisclosed.
UK Considers In-House Civil Service Pensions as Capita Misses Fix Deadline
The UK government is preparing to bring civil service pensions in-house after Capita failed to fix service by June, threatening its £239m contract.
UK Inheritance Tax: Political Talk vs. Enacted Pension Rule
Reports of a UK Conservative pledge to abolish inheritance tax are political speculation; the 2027 pension inclusion in estates is law. Investors should focus on enacted rules.
UK Unveils Student Loan Disclosure Overhaul, Freeze on Repayment Threshold Persists
England will improve student loan repayment disclosures, yet the controversial £29,385 threshold freeze for Plan 2 borrowers continues, affecting graduate finances.
UK GDP Surprise Lifts FTSE 100, But Tech-Dependent Growth Raises Doubts
UK GDP grew 0.4% in July, beating expectations, but the rise was powered by tech services, while consumer spending slumped. The FTSE 100's rally may not reflect broad economic health ahead of the Bank of England's rate decision.
BoE Set to Hold Rates Despite Strong GDP Surprise
The Bank of England is widely expected to hold rates at 3.75% on Sept 17, but a strong GDP report and hawkish risks keep markets on edge.
Finnair's UK Disruption: A Costly Blip, Not the Main Earnings Threat
Finnair's UK cancellations from an ATC failure are a cost issue, but fuel costs and unit revenue trends are the bigger earnings risks. Investors should watch for updates.
Ryanair's Fuel Hedge Gap Looms Larger Than UK Flight Disruptions
Ryanair's UK flight disruptions affected 65,000 passengers, but the bigger risk is its unhedged fuel exposure. With oil prices high, the airline's profit took a 34% hit in Q1.
BoE's Pill Advocates Rate Hike to 4% as Long-Term Gilt Yields Stay Elevated
Huw Pill argues for a quarter-point rate increase, but market pricing suggests September is unlikely. Long-dated gilt yields stay high, reflecting inflation and fiscal concerns.
Long-Dated UK Yields Steady Near Heights as Fiscal Worries Persist
UK 30-year gilt yields remain near record highs as fiscal and inflation worries persist. The 10-year yield surpasses year-end survey projections, with BoE meeting and budget due.
FTSE 250 Suffers Steepest Drop Since March as Rate Fears Bite
The FTSE 250 dropped 1.67% on Tuesday, its steepest loss since March, as rising bond yields and weak mortgage approvals intensified rate-hike expectations.
Recovered $4.76M Bitcoin Stash Highlights Custody Risk Over Price Swings
A British investor recovered a 61 BTC wallet worth $4.76M, highlighting that custody risk often trumps daily price swings.