Rachel Reeves’ 2025 Spring Statement outlines key fiscal measures, including a £4.8bn welfare cut, downgraded economic growth forecast, £2.2bn defence boost, and planning reforms for 170,000 new homes. Market response remains cautious as debates over austerity versus stability continue.
The UK government is considering changes to its tax structure for large tech firms to avoid potential US tariffs. Chancellor Rachel Reeves emphasises the need for a balanced approach to maintain competitiveness while ensuring fair taxation.
Buy-to-let firms have become the most common type of business in the UK, driven by tax changes and rising incorporation among landlords, despite challenges like high mortgage rates and a shrinking rental mortgage market.
Discover Taiwan’s creative spirit in the UK! Enjoy an immersive performance at Tate Modern, witty comedy in Glasgow, a classic Taiwanese New Wave film festival via BFI, and a thought-provoking solo exhibition by Shon Chen in London.
British businesses remain optimistic about Taiwan’s economy, with 64% expecting revenue growth in 2025. Key opportunities lie in ICT, healthcare, and renewable energy. Despite geopolitical concerns, UK firms see Taiwan as a stable, growing market for trade and investment.
China Airlines’ new boarding video showcases Taiwan’s beauty and culture, featuring aerial footage and indigenous music, while highlighting sustainability efforts. This initiative reflects the airline’s commitment to ESG and social responsibility.
The UK and Japan held their first economic “2+2” meeting in Tokyo, focusing on trade, security, and supply chains. With £27 billion in trade and 160,000 UK jobs linked to Japanese firms, this partnership aims to boost economic growth and counter geopolitical risks.
UK Gov unveils measures to empower SMEs via increased defence spending, boosting local economies and innovation. New support hubs and spending targets aim to benefit up to 12,000 small businesses.
Taiwan-UK economic ties are strengthening, with both nations exploring collaboration in trade, technology, and supply chain resilience. Key sectors include semiconductors, green energy, and biotechnology, presenting growth opportunities for businesses in both markets.
UK inflation rose to 3% in January 2025, moving further from the Bank of England’s 2% target. Despite rate cuts, prices remain high, driven by food costs and VAT changes. Wage growth outpaces inflation, but rising living costs continue to strain households.
Join us for the inaugural UKTW Tech Exchange on 19 March 2025 in Taipei. This event will bring together industry leaders, investors, and policymakers to explore UK-Taiwan collaboration in technology and business. Don’t miss this opportunity to connect and grow globally.
Donald Trump has not confirmed tariffs on the UK but may still indirectly impact the economy through slowed global trade growth, increased borrowing costs, and diverted exports. Analysts warn of risks to industries like steel and automotive, as well as financial market volatility.
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Taiwan’s booth at the 2025 London Travel Show captivated visitors with its “Waves of Wonder” theme, showcasing the island’s rich culture and landscapes. Interactive activities and special promotions highlighted Taiwan as a top destination for travelers.
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The UK government backs Heathrow’s third runway, aiming for economic growth and global connectivity. While expected to create 100,000 jobs, it faces opposition over environmental concerns, airspace regulations, and infrastructure challenges. The runway could be operational by 2035.
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The UK is now the second most attractive country for investment, according to PwC’s survey of 5,000 CEOs. With 14% favouring the UK, it surpasses China and Germany. Chancellor Rachel Reeves calls it a “vote of confidence” in Britain’s economic potential.
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Nissan and JATCO’s £50 million investment in Sunderland will create 183 jobs and produce 340,000 EV powertrains annually by 2026. Backed by the UK government, this marks a major boost for the nation’s EV sector and strengthens its global manufacturing position.
Government Policies
The UK government invests £7 million in 120 AI projects, helping small businesses boost productivity, reduce waste, and improve efficiency. From bakeries predicting demand to AI-driven road maintenance, this initiative showcases technology’s potential to transform industries.
analysis
The UK faces critical trade decisions in 2025, impacting its economy and business confidence. Key focuses include rebuilding EU ties, advancing the GCC free trade deal, and addressing US-China dynamics under Trump. A clear, cohesive policy framework is urgently needed.
China Airlines introduces trousers for female cabin crew, marking a milestone in its 65-year history. Combining elegance and practicality, the new uniforms enhance mobility, safety, and comfort, reflecting the airline’s commitment to gender equality and employee well-being.
analysis
The UK’s re-entry into Horizon Europe in 2025 offers exciting opportunities for collaboration with Taiwan in green energy, AI, and healthcare innovation. Together, they can drive sustainable development, boost trade, and shape a more innovative global future.
Government Policies
The UK is expanding its electronic travel authorisation (ETA) scheme, requiring all non-British and non-Irish nationals to apply before entry. The rollout begins November 2024, with a £10 fee and a straightforward application process.
analysis
As the UK faces zero economic growth in Q3 2024, challenges like weak demand and policy uncertainty arise, but opportunities for Taiwanese businesses exist in innovation, talent acquisition, and sustainable projects. Collaboration could unlock long-term benefits.
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UK inflation rose to 2.6% in November, driven by higher fuel, clothing, and housing costs. This marks the second consecutive increase, posing challenges for households and policymakers. The government and Bank of England face pressure to balance inflation control with economic growth.
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Discover Steph Huang’s “See, See, Sea” at Tate Britain, an inspiring exhibition blending sculpture, sound, and film to explore humanity’s relationship with food, trade, and the sea. On until 5 January 2025, admission is free. Dive into this thought-provoking experience today!
