Economic news and events

UK public sector borrowing rises in February ahead of spring statement

UK public sector borrowing spiked to in February, numbers on Friday showed, to the fourth-highest level since records began.

According to the Office for National Statistics,...

Fri, 21/03/2025 - 07:11

Heathrow airport closed all day following electrical substation fire

More than 1,300 flights to and from Heathrow Airport will be disrupted on Friday due to the closure of the airport following a fire at...

Fri, 21/03/2025 - 06:22

Watchdog to investigate UK government’s compliance with key water laws

The environmental watchdog has launched an investigation into whether the UK government has failed to comply with key laws on water quality.

The Office for Environmental...

Thu, 20/03/2025 - 12:26

Bank of England votes 8-1 to keep interest rates on hold at 4.50%

The Bank of England on Thursday pledged a gradual and careful approach to monetary policy as it left interest rates unchanged amid slowing growth and...

Thu, 20/03/2025 - 12:18

Council tax bills in Great Britain rise by 5% for third year in a row

Council tax bill rises in Great Britain will hit 5% in April for the third year in a row, as almost all councils increase bills...

Thu, 20/03/2025 - 11:52

UK jobless rate unchanged at start of year as pay growth largely slows

The UK jobless rate steadied at the beginning of 2025, while pay growth largely slowed, data from the Office for National Statistics showed on Thursday....

Thu, 20/03/2025 - 07:34

Starmer fails to repeat commitment not to extend freeze on income tax

UK Prime Minister Keir Starmer failed to repeat the chancellor’s commitment not to extend the freeze on income tax, ahead of next week’s spring statement.

Conservative...

Wed, 19/03/2025 - 13:48

‘Makes sense’ to review EU tariff list, Irish deputy Simon Harris says

It ‘makes sense’ for the EU to review the rationale behind proposed countermeasures for US tariffs, Irish deputy premier Simon Harris has said.

The government regards...

Wed, 19/03/2025 - 13:40

UPDATE: UK PM Keir Starmer pledges ‘unwavering support’ to Ukraine

Keir Starmer promised his ‘unwavering support’ to Ukraine as Volodymyr Zelensky and Donald Trump are due to discuss plans to end the war with Russia.

In...

Wed, 19/03/2025 - 13:38

Starmer told there is ‘nothing moral’ about £5 billion welfare cuts

UK Prime Minister Keir Starmer has been directly challenged by Labour veteran Diane Abbott over the government’s cuts to welfare, with the Mother of the...

Wed, 19/03/2025 - 13:36

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