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.
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.
