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UK market rallies amid reports of govt's plans on funding tax cuts
Market updates

UK market rallies amid reports of govt's plans on funding tax cuts

UK Market:,The UK market was trading on the front foot on Monday after the government's U-turn on the tax rate and Chancellor Kwasi Kwarteng's plans to bring forward how the £43 billion tax cuts will be funded. The blue-chip index jumped over 2% at around...

Retail spending likely to slump in 'golden quarter': Stocks to eye
Consumer Stocks

Retail spending likely to slump in 'golden quarter': Stocks to eye

UK shoppers are expected to spend £4.4bn less on non-essentials items during the Christmas period.

Government's U-turn on scrapping 45% tax rate: Here's what it means
Economy

Government's U-turn on scrapping 45% tax rate: Here's what it means

Chancellor Kwasi Kwarteng has announced the reversal of the decision to scrap the 45% income tax rate for the highest earners. The move comes amid criticism from organisations, economists, and MPs.,After a week of criticism for,slashing the to...

UK's manufacturing output falls for 3rd straight month: Stocks to eye
Industrial Stocks

UK's manufacturing output falls for 3rd straight month: Stocks to eye

Highlights:,UK's manufacturing output shrank for the third month in a row in September.,The PMI for the month was recorded at 48.4, slightly above August's 47.3 but still below the threshold of 50.,Amid the uncertain economic conditions and rising prices,...

FTSE 100 falls post tax plan U-turn
Market updates

FTSE 100 falls post tax plan U-turn

UK Chancellor Kwasi Kwarteng referred to the 45p tax rate as a distraction.