Economic news and events


Warnings of UK tax rises after Downing Street welfare U-turn

There are predictions of tax rises in the Autumn budget after Keir Starmer U-turned on welfare reforms in the face of a backbench rebellion.

The prime...

Fri, 27/06/2025 - 21:05


UK PM Starmer says ‘deeply regrets’ using ‘island of strangers’ phrase

Keir Starmer has said he ‘deeply regrets’ claiming the UK risked becoming an ‘island of strangers’ in an immigration speech that drew comparisons to the...

Fri, 27/06/2025 - 11:40


UK home sales jump by a quarter monthly in May following April slump

The number of UK home sales picked up by a quarter month on month in May following a plunge in April as a stamp duty...

Fri, 27/06/2025 - 10:27


UK and France to agree migrant return deal to tackle Channel crossings

The UK and France are expected to announce a one in, one out migrant returns deal to crack down on English Channel crossings, it has...

Fri, 27/06/2025 - 09:53


UPDATE: UK PM makes U-turn in bid to head off Labour welfare revolt

Ministers now expect the UK government’s welfare legislation to pass the Commons after Prime Minister Keir Starmer backed down in the face of a major...

Fri, 27/06/2025 - 08:48


UK vehicle production falls in tough May but optimism remains

Production of cars and commercial vehicles in the UK fell for the fifth month in a row in May, while car exports to the US...

Fri, 27/06/2025 - 08:12


UK government announces concessions to welfare bill after talks

People who currently receive the personal independence payment, Pip, will continue to do so after the UK government made concessions to Labour rebels on controversial...

Fri, 27/06/2025 - 06:40


BoE governor flags signs that employment tax hikes hitting pay, jobs

Bank of England Governor Andrew Bailey has cautioned over growing evidence that employment tax hikes are hitting pay and jobs rather than leading to price...

Thu, 26/06/2025 - 15:51


Port Talbot plant does not meet US rules to get steel tariff exemption

UK Trade Secretary Jonathan Reynolds said that the Tata Steel plant in Port Talbot does not meet ‘melt and pour’ rules needed to get exemptions...

Thu, 26/06/2025 - 14:29


UK PM Keir Starmer seeking to quell revolt over welfare reform plan

UK Prime Minister Keir Starmer is trying to head off a growing Labour rebellion over the government’s welfare reforms.

Downing Street insiders said talks were taking...

Thu, 26/06/2025 - 08:13


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