Economic news and events


UK announces fresh wave of sanctions on Russian energy

The UK has announced a fresh wave of sanctions on shadow fleet vessels carrying Russian oil and two arms of an energy company and commodity...

Wed, 18/12/2024 - 10:29


Reeves says UK taking ‘pragmatic’ approach to relationship with China

Rachel Reeves said trading with China was in the UK’s national interest as she promised a ‘pragmatic’ approach to relations with Beijing.

The government has come...

Wed, 18/12/2024 - 10:07


UK inflation picks up as expected to 2.6% in November; core below view

UK consumer inflation accelerated in line with expectations in November, although core inflation and services inflation surprised on the downside, figures on Wednesday showed.

According to...

Wed, 18/12/2024 - 08:27


Council tax in England and Wales to rise to fund higher police budgets

Council tax is set to increase by almost £330 million to fund policing across England and Wales next year.

Ministers have set out a provisional 3.5%...

Tue, 17/12/2024 - 14:35


UK company failures rise with more businesses in ‘perilous’ position

The number of UK companies going bust increased last month, official data shows, as experts warned that more businesses face a ‘perilous financial position’ as...

Tue, 17/12/2024 - 14:28


China urges UK to ‘immediately stop creating trouble’

The UK should ‘immediately stop creating trouble’ and ‘stop anti-China political manipulations’, a spokesperson for the country’s embassy in the UK has said.

In a statement...

Tue, 17/12/2024 - 12:26


UK defence ministry buys back 36,000 military homes for £6 billion

Thousands of military homes in the UK will be brought back into public ownership at a cost of almost £6 billion.

The Ministry of Defence will...

Tue, 17/12/2024 - 10:11


China says spying claims involving UK’s Prince Andrew ‘preposterous’

China on Tuesday said claims that a businessman had used his links with Britain’s Prince Andrew to spy for Beijing were ‘preposterous’, after the UK government...

Tue, 17/12/2024 - 08:40


UK unemployment rate stays at 4.3% in October; earnings rise faster

The UK jobless rate remained flat in the three months to the end of October, while growth in average earnings picked up a bit.

The Office...

Tue, 17/12/2024 - 07:24


Embassy plans add to UK headaches in resetting China ties

As Britain’s new Labour government bids to reset long-fraught ties with China amid a suspected spy scandal, another issue could mar relations: Beijing’s controversial plans...

Tue, 17/12/2024 - 06:47


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