Day Headlines in Economy News: 2025-06-12
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Chancellor Reacts to Shrinking Economy (BBC Economy 2025-06-12 12:30:18)
Rachel Reeves refuses to rule out future tax rises after economy contracted in April -
Reeves refuses to rule out tax rises after economy shrinks (BBC Economy 2025-06-12 11:38:26)
The chancellor highlights "uncertainty" in the world as economists warn of tax rises if the economy fails to grow. -
Council tax expected to rise by 5% a year (BBC Economy 2025-06-12 10:12:13)
Council tax is expected to rise by 5% a year to pay for local services, documents in the Spending Review suggest. -
UK economy shrank in April as tax rises and US tariffs kicked in (BBC Economy 2025-06-12 08:13:20)
The figures are for April which is also when a hike in employers' National Insurance contributions kicked in. -
UK economy shrunk in April as tax rises kicked in (BBC Economy 2025-06-12 06:14:18)
The figures are for April which is also when a hike in employer National Insurance contributions kicked in.