Economic news and events

The US on Monday exempted British pharmaceuticals from import tariffs under a unique deal which sees the UK increase spending on American drugs by 25%.

The...

The chair of the UK Office for Budget Responsibility has resigned over the early publication of the watchdog’s forecasts.

Richard Hughes said he was resigning to...

Rachel Reeves has said she is confident she will be chancellor at the next election despite accusations that she misled voters.

The UK chancellor has been...

Keir Starmer’s top aide has insisted that Chancellor Rachel Reeves did not mislead voters over the state of the public finances ahead of the budget.

Chief...

UK manufacturing returned to growth in November, a final purchasing managers’ index reading from S&P Global confirmed on Monday.

The PMI rose to a 14-month high...

UK mortgage approvals were higher than expected in October, but fell from September, numbers on Monday showed.

According to the Bank of England, mortgage approvals...

Businesses in the UK are preparing to slow hiring as a result of measures in the autumn budget, which puts Britain on course for a...

Talks on the UK joining the EU’s flagship £130 billion defence fund have failed.

Negotiations foundered over how much the UK should pay to participate in...

UK Prime Minister Keir Starmer is facing backbench anger after ministers abandoned plans to give workers day-one protection against unfair dismissal in a U-turn that...

UK Prime Minister Keir Starmer has said that the budget ‘asked everybody to make a contribution’ in order to protect public services and help people...