Economic news and events


Sickness benefits bill ‘devastating’, UK PM says as defends reforms

The rising sickness and disability benefits bill is ‘devastating’ for the public finances and has ‘wreaked a terrible human cost’, UK Prime Minister Keir Starmer...

Wed, 19/03/2025 - 06:40


Steel chiefs say orders already cancelled after Trump tariffs

Bosses at Tata Steel UK and British Steel said customers are taking steps to cancel orders after Donald Trump slapped trade tariffs on US metals...

Tue, 18/03/2025 - 15:46


Lloyds overhauls IT division with 6,000 staff affected

Lloyds Banking Group PLC has pushed the button on an overhaul of its IT division, affecting about 6,000 staff, as the group races to modernise...

Tue, 18/03/2025 - 15:07


UK’s Lammy voices need for Ukraine peace ahead of meeting EU’s Kallas

David Lammy has reiterated the need for an ‘enduring and a lasting peace’ in Ukraine, ahead of talks with the EU’s high representative on foreign...

Tue, 18/03/2025 - 13:56


No 10 rows back on Lammy claim Israel broke international law in Gaza

Downing Street has rowed back on the Foreign secretary’s assertion that Israel had broken international law by blocking aid shipments to Gaza.

Number 10 said instead...

Tue, 18/03/2025 - 13:40


UK Work & Pensions secretary sets out overhaul of benefits system

An overhaul of the UK welfare system will see the assessment process for some health benefits scrapped and reform to disability benefits in a plan...

Tue, 18/03/2025 - 13:36


UK PM tells Trump Ukraine must be put in ‘strongest possible position’

Keir Starmer spoke to Donald Trump ahead of the US president’s crunch talks with Russia’s Vladimir Putin.

The prime minister told Trump that Ukraine must be...

Tue, 18/03/2025 - 12:16


Irish trade surplus with US jumps 97% on-year amid trade conflict

Ireland’s trade surplus surged in January, helped by a sharp increase in its surplus with the US, data published by the Central Statistics Office showed...

Tue, 18/03/2025 - 11:52


Compulsory liquidations in England and Wales hit decade-long high

The number of companies going into compulsory liquidation hit its highest point in more than a decade last month, according to official data.

Some 393 companies...

Tue, 18/03/2025 - 11:07


UK rules out Israel arms embargo after condemning aid blockade

The UK will not impose an arms embargo on Israel over an aid blockade to Gaza described by the Foreign secretary as a ‘breach of...

Tue, 18/03/2025 - 10:07


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