Economic news and events


UK Trade secretary to push for timeline on US tariff exemption

UK Trade Secretary Jonathan Reynolds is set to meet US officials on Tuesday as the UK aims to set a timeline for its exemption from...

Tue, 03/06/2025 - 06:40


UK’s John Healey announces £5 billion for military drones and lasers

Military drones and lasers will receive a £5 billion investment as the UK government bids to put ‘the kit of the future into the hands...

Tue, 03/06/2025 - 06:36


UPDATE: Starmer promises funding will meet plan for ‘battle-ready’ UK

The UK will move to ‘war-fighting readiness’, Keir Starmer said as questions remained about his plans to increase defence spending.

The UK prime minister said he...

Mon, 02/06/2025 - 14:26


UK border checks on fruit and vegetable imports from EU scrapped

Planned border checks on fruit and vegetables imported into the UK from the EU will be scrapped.

The government has said Keir Starmer’s Brexit reset deal...

Mon, 02/06/2025 - 14:05


UK manufacturing contraction continues in May as uncertainty persists

The UK manufacturing economy remained in contraction territory in May, numbers on Monday showed, amid weak global demand and turbulent market conditions.

The S&P Global UK...

Mon, 02/06/2025 - 09:57


UK mortgage lending slumps in April as credit card borrowing surges

Mortgage borrowing by UK households plunged in April, while credit card spending surged, according to Bank of England data published Monday.

Net mortgage borrowing fell to...

Mon, 02/06/2025 - 09:49


UK to build up to 12 new submarines, invest £15 billion in warheads

The UK will build up to 12 new nuclear-powered attack submarines and invest £15 billion in its warhead programme, Prime Minister Keir Starmer will announce...

Mon, 02/06/2025 - 08:13


Airlines less optimistic for 2025 due to ‘headwinds’, IATA says

Airlines on Monday revised down their traffic and profit forecasts for 2025, citing ‘headwinds’ for the global economy, with industry chiefs warning of the risk...

Mon, 02/06/2025 - 08:07


UK house prices rise by 0.5% month-on-month in May after April dip

UK house price growth accelerated in May, amid ‘supportive’ underlying conditions for home buyers, according to an index.

Property values increased by 0.5% month-on-month in May,...

Mon, 02/06/2025 - 07:54


Investments to make UK military an ‘integrated fighting machine’

Sir Keir Starmer has pledged a wave of new investments to turn the armed forces into a ‘formidable, integrated fighting machine’ as part of the...

Sun, 01/06/2025 - 11:04


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