Business & Economy

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: 24 November 2025. The English Chronicle Desk. The English Chronicle Online. The UK government has launched plans to accelerate the construction of new nuclear reactors by simplifying regulations, aiming to reduce costs while maintaining safety. A dedicated nuclear regulatory taskforce, established by Prime Minister Keir Starmer in February, has finalised recommendations to overhaul the existing framework, which officials describe as “archaic” and unnecessarily complex. The reforms are intended to...

Published: 21 November 2025 Friday. The English Chronicle Desk. The English Chronicle Online The Netherlands has suspended its bid to effectively take control of chipmaker Nexperia, signaling a breakthrough in a tense standoff with China that had disrupted global automotive supply chains. The decision comes after “constructive” discussions between Dutch and Chinese officials and consultations with European and international partners, raising hopes for a more stable and cooperative framework for...

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 On the edge of Exxon Mobil's petrochemical plant at Mossmorran in Fife lies the struggling community of Cowdenbeath. Once a thriving mining town, it now faces mounting economic challenges, with unemployment in the area standing at 8.7%—more than double Scotland’s national average. The community has been dealt another blow with the announcement that the Mossmorran chemical plant...

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: 21 November 2025 Friday. The English Chronicle Desk. The English Chronicle Online UK Prime Minister Sir Keir Starmer has defended his decision to attend the G20 summit in Johannesburg, South Africa, emphasizing the importance of promoting British business interests abroad even as former US President Donald Trump boycotts the event. The gathering, which brings together the world’s 20 largest economies, has attracted global attention not only for its discussions...