economic contraction

2 articles

May 1, 2026 • via GB News

Whitbread Converts Restaurants to Bedrooms, Axing 3,800 Jobs

Nearly 200 sites close nationwide under tax and cost pressures

Whitbread shutters Beefeater and Brewers Fayre outlets, cutting 3,800 jobs amid Labour tax hikes and stagnant demand. Closures hollow high streets and expose policy burdens across governments.

Nov 25, 2025 • via The Telegraph

Borrowing Overruns Signal Pre-Budget Paralysis

£116.8 Billion Deficit Dwarfs Forecasts as Tax Signals Sow Doubt

Rachel Reeves's chaotic Budget buildup has driven retail sales down 1.1% and business confidence into contraction, exposing fiscal rules that prioritize uncertain projections over economic stability. This pattern of volatility across governments deepens UK's debt trap.