Economic news and events

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

Former Tory minister to advise UK government on industrial strategy

A former Conservative business secretary and the chair of Rolls-Royce Holdings PLC will join trade unionists and business leaders to advise the government on its...

Tue, 17/12/2024 - 06:37

UPDATE: England devolution plans ‘about giving power to local leaders’

Downing Street has said devolution plans aim to give more powers to local leaders amid fears that scrapping district councils could deprive people of local...

Mon, 16/12/2024 - 14:42

UPDATE: UK, Norway ‘two of best-placed countries for carbon capture’

Keir Starmer has said that the UK and Norway are ‘probably two of the best-placed countries in the world’ when it comes to carbon capture.

The...

Mon, 16/12/2024 - 13:33

EU takes UK to European court over citizens’ rights post-Brexit

The EU on Monday said it was taking Britain to the European Court of Justice for infringing rules on the free movement of the bloc’s...

Mon, 16/12/2024 - 12:51

UK Prime Minister Keir Starmer defends China policy despite concerns

Keir Starmer admitted he was ‘concerned about the challenge that China poses’ after an alleged spy was able to form links at the heart of...

Mon, 16/12/2024 - 11:25

UK manufacturing output contracts as employers cut back hard on hiring

UK manufacturing activity declined this month, as employment fell at the fastest rate since 2009 if the pandemic is excluded, purchasing managers’ index survey results...

Mon, 16/12/2024 - 10:18

Pages