Here are 5 important things happening in the UK today – 15 July 2025.
- Writing in the Financial Times, Chancellor Rachel Reeves followed up her Mansion House speech with an editorial arguing for the UK to adopt a healthier risk appetite and shed some of the bureaucracy that it unnecessarily imposes on its markets. She said Britain should champion open markets and support retail investors in putting their savings into stocks and shares over cash. [Financial Times]
- UK inflation in June saw an unexpected rise of 3.6%, higher than expected by economists. The steepest rise in inflation recorded since January 2024, this increase was attributed largely due to an increase in the price of brent crude futures caused by geopolitical tension in the Middle East. [BBC]
- A superinjuction imposed by the previous Conservative government on the reporting of a ‘catastrophic’ data breach affecting Afghan nationals has now been lifted, revealing that this data breach forced the UK government to offer relocation of thousands of nationals to the UK in a secret scheme to protect them from potential reprisals from the Taliban for their role in assisting the UK during the war in Afghanistan. [Guardian]
- HRMC is reportedly unable to determine how much billionaires in the UK actually pay in taxes. The cross-party group of Members of Parliament on the Public Accounts Committee said in a report that it was disappointed with the lack of data available on how much tax wealthier residents of the UK pay and the potential effect on the HRMC’s revenue of these taxpayers leaving the country. [Bloomberg]
- On Wednesday, Oil was trading at $69.07. The pound was trading at £1.34 to the dollar, £1.15 to the euro and £9.62 to the yuan.
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