Economic news and events

Car makers warn UK must ’step up to compete’ in EV production

The UK’s ability to compete internationally in electric vehicle production is at risk, an automotive industry body has claimed.

Urgent action is needed by the UK...

Mon, 13/03/2023 - 06:22

UK PM Rishi Sunak pledges £5 billion for defence

Rishi Sunak insisted the UK’s armed forces had the funding they needed for a ‘more volatile world’ in the face of the growing challenges posed...

Mon, 13/03/2023 - 06:16

UK PM and chancellor to meet BoE over Silicon Valley Bank collapse

UK Prime Minister Rishi Sunak and Chancellor Jeremy Hunt are due to hold talks with the Bank of England Governor Andrew Bailey in response to...

Sun, 12/03/2023 - 08:11

UK PM signals no tax cuts in budget amid focus on cutting inflation

UK Prime Minster Rishi Sunak has signalled that tax cuts will not be announced in the upcoming government budget as his administration focuses on cutting...

Sat, 11/03/2023 - 11:53

UPDATE: UK to pay France £478 million to tackle small boat crossings

Britain will pay France nearly half a billion pounds over the next three years to step up efforts to prevent small boats from crossing the...

Fri, 10/03/2023 - 14:48

UPDATE: Sunak and Macron discuss migrant crossings in Paris meeting

The UK prime minister and the French president have met in Paris at the start of a UK-France summit as they discuss how to prevent...

Fri, 10/03/2023 - 11:51

UK goods imports fell around 9% in January, as exports edge down

The UK saw a sharp drop in goods imports in January, official data showed on Friday, as exports edged lower.

The UK Office for National...

Fri, 10/03/2023 - 08:11

TOP NEWS: UK economy grows by 0.3% in January, led by service sector

The UK economy grew slightly faster than expected at the beginning of 2023, according to the Office for National Statistics on Friday.

Gross domestic product grew...

Fri, 10/03/2023 - 07:11

356,000 extra UK mortgage borrowers to face payment difficulties

An extra 356,000 UK mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind, according...

Fri, 10/03/2023 - 06:04

UK PM Sunak hopes to work with France on migrant crossings

UK Prime Minister Rishi Sunak hopes to ‘strengthen and deepen’ co-operation with France on tackling migrant Channel crossings in talks with Emmanuel Macron on Friday.

The...

Thu, 09/03/2023 - 17:07

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