Business & Economy

Published: 09 October 2025. The English Chronicle Desk. The English Chronicle Online. The UK government is preparing to increase the amount the NHS pays for medicines by up to 25% following weeks of intensive negotiations with pharmaceutical companies and the Donald Trump administration. The move aims to resolve a prolonged standoff over drug pricing, which has been cited as a factor in recent investment pauses by major pharma firms, including...

Published: 08 October 2025. The English Chronicle Online. Chancellor Rachel Reeves has received an unexpected reprieve ahead of her November budget following the discovery of a £3 billion overstatement in government borrowing, the Office for National Statistics (ONS) announced on Wednesday. The revision, stemming from errors in VAT receipts data, provides the chancellor with a modest boost in fiscal flexibility as she prepares to outline tax and spending measures. According...

Published: 08 October 2025. The English Chronicle Online. Gold prices surged above $4,000 (£2,980) per ounce for the first time in history, as investors flocked to the precious metal amid global political and economic turbulence. The spot price of gold, which reflects real-time market value and serves as the global benchmark, reached $4,031.54 at 8 a.m. in London on Wednesday, climbing 1.2% during early trading. This rally marks the largest...

Published: 08 October 2025. The English Chronicle Online. Kemi Badenoch, one of the Conservative Party’s most prominent figures, is set to announce a new “golden rule” of economic policy that aims to restore fiscal discipline and rebuild the Tories’ reputation for responsible financial management. In a pivotal address at the Conservative Party Conference in Manchester, Badenoch will pledge that at least half of all money saved through government spending cuts...

Published: 07 October 2025. The English Chronicle Desk The UK housing market is showing signs of cooling as house price growth slowed to 1.3% in the year leading up to September, according to the latest data from Halifax. This represents the weakest annual increase since April 2024 and falls significantly short of predictions made by economists, who had anticipated a growth rate of 2.2%, up from August’s 2%. The figures...

Published: 07 October 2025. The English Chronicle Desk. Ineos, the multinational chemicals company controlled by billionaire Sir Jim Ratcliffe, has announced that it will cut a fifth of its workforce at its East Yorkshire plant, citing “sky-high” energy costs and an influx of “dirt-cheap” imports from China. The job reductions, which will see 60 roles eliminated at the Ineos Acetyls site in Hull, have raised concerns about the sustainability of...

Published: 07 October 2025. The English Chronicle Desk. Jaguar Land Rover (JLR) has announced that it will begin a phased restart of its manufacturing operations on Wednesday, more than a month after the British automotive giant was forced to halt production due to a severe cyber-attack. The announcement comes as the company has been working tirelessly to restore its systems and stabilize operations, following the disruption that affected its factories...

Published: 07 October 2025. The English Chronicle Desk. The English Chronicle Online. A recent investigation by consumer watchdog Which? has revealed that shoppers using food delivery apps may be paying significantly more — in some cases, even double — for everyday supermarket essentials compared to purchasing directly in-store. The analysis, which focused on leading apps including Deliveroo, Just Eat, and Uber Eats, highlights a concerning trend for consumers increasingly relying...

Published: 06 October 2025. The English Chronicle Desk, English Chronicle Online The UK toy market is witnessing a remarkable revival as the cultural phenomenon of “newstalgia” continues to reshape consumer demand, with the iconic 1980s hero He-Man now poised to become the next big retro comeback. After recording a decline of nearly 4% in 2024, toy sales in Britain have rebounded strongly, climbing 8% so far this year. Industry analysts...

Published: 06 October 2025. The English Chronicle Desk, English Chronicle Online The UK government has unveiled proposals aimed at reducing the time it takes to complete a home purchase by approximately four weeks, offering much-needed relief to buyers navigating the often slow and complex property market. Under the new plans, ministers are considering a shift in responsibilities and costs from buyers to sellers, requiring sellers and estate agents to provide...