Finance

Published: 28 November 2025 Friday. The English Chronicle Desk. The English Chronicle Online Former miners who will see a 41% rise in their pension after years of campaigning have welcomed the move – but say some will "never" get to benefit from it. Members of the British Coal Staff Superannuation Scheme (BCSSS) – held by the government since 1994 – will receive £2.3bn, Rachel Reeves announced in Wednesday's Budget. Trustee...

Published: 27 November 2025 Thursday. The English Chronicle Desk. The English Chronicle Online. Residents who were made homeless due to serious fire safety problems in their buildings have now been handed bills totaling £3.6 million to fix and maintain them. The owners of flats at Beech Rise and Willow Rise in Kirkby, Merseyside, were forced to evacuate in July after the buildings were deemed unsafe. Each of the 160 flat...

Published: 25 November 2025. The English Chronicle Desk. The English Chronicle Online Shoppers are being urged to exercise caution this Black Friday, as consumer group Which? has raised concerns over misleading deals at major retailers. Their latest investigation reveals that the majority of products marketed as Black Friday bargains are, in fact, not the best prices of the year. The findings suggest that eight in ten deals are either the...

Published: 25 November 2025. The English Chronicle Desk. The English Chronicle Online Chancellor Rachel Reeves has notably omitted any reference to economic growth ahead of her critical Budget announcement on Wednesday. Since taking office 18 months ago, Reeves emphasised economic growth as her “number one mission,” but discussion of it was absent during her address to MPs on Monday evening. Instead, she outlined three priorities for the Budget: cutting the...

Published: 24 November 2025. The English Chronicle Desk. The English Chronicle Online. Transport Secretary Heidi Alexander has firmly denied that recent leaks ahead of the Budget have harmed the economy. Concerns have grown after criticism that ongoing speculation has created paralysis among businesses and consumers, affecting decision-making and confidence. In recent months, the media has widely reported on potential tax increases, exploring various measures the government could adopt to balance...

Published: 24 November 2025. The English Chronicle Desk. The English Chronicle Online. Billionaire Lakshmi Mittal has reportedly moved his tax residence to Switzerland, ending nearly thirty years in the United Kingdom. The industrial magnate, often dubbed the “King of Steel” by the media, is the latest ultra-wealthy individual to seek a more favourable fiscal environment amid proposed tax changes for high earners. Mittal’s business empire, ArcelorMittal, is a Luxembourg-based steel...

Published: 21 November 2025 Friday. The English Chronicle Desk. The English Chronicle Online The UK government’s borrowing for October 2025 was higher than expected, according to the latest figures from the Office for National Statistics (ONS). Government borrowing—the difference between public spending and tax revenue—totalled £17.4bn last month. While this is down from £19.2bn in October 2024, it still represents the third-highest October borrowing figure on record in cash terms....

Published: 21 November 2025 Friday. The English Chronicle Desk. The English Chronicle Online Millions of households across the UK are set to face a small rise in gas and electricity bills at the start of January, according to the latest announcement from energy regulator Ofgem. The regulator has outlined a new energy price cap that will see variable tariffs in England, Wales, and Scotland increase by 0.2%, taking effect from...

Published: 21 November 2025 Friday. The English Chronicle Desk. The English Chronicle Online Eurotunnel, the operator of the iconic Channel Tunnel connecting southern England and northern France, has announced it is halting all planned UK investments, citing unsustainable levels of taxation that it says make future projects financially unviable. The company’s decision comes in the wake of a potential 200% increase in business rates, which, if implemented, could see the...

Published: 14 November 2025. The English Chronicle Desk. The English Chronicle Online. Global markets fell sharply after a sell-off in technology stocks and alarming economic data from China signalled a slump in investment, rattling investors worldwide. The FTSE 100 opened down 1.1%, shedding roughly 100 points as major banking stocks, including Barclays, Lloyds, and NatWest, fell between 3% and 3.5%. The index now stands at 9,705, retreating from its recent...