UK Economy

The sixth anniversary of the Brexit referendum triggered another wave of warnings about the economic cost. If the recent headlines are to be believed, leaving the EU was indeed an economic catastrophe and one of the main reasons why public finances are so ailing. The goal seems to be to …

Barclays: Government’s commitment to fiscal sustainability doubtful if measures are ‘loaded back’ Barclays is expecting a tough budget from Treasury Secretary Jeremy Hunt but hinted the government could have questions about its commitment to financial sustainability if a significant chunk of the new measures are “reloaded”. “In order to maintain …

Related video: Foreign Secretary says Government will not rest until dinghy crossings are resolved Sign up for the Inside Politics email for free daily updates on the biggest stories in British politics Get our free Inside Politics email Labor has accused Home Secretary Suella Braverman of piling on an “already …

B Britain’s ailing economy was headed for recession today, as the latest official data showed that GDP fell in the third quarter of the year. The Office for National Statistics (ONS) said the country’s output fell 0.2 percent in the three-month period from July to September. In September alone, it …

The findings of the independently prepared report by the Social Market Foundation (SMF), Just a click away show that ‘significant’ gains can be made for the UK economy by helping more businesses generate export sales through e-commerce. “E-commerce gives even the smallest business the opportunity to sell to new customers …

Everyone has a plan until they get punched in the mouth. And in my experience, everyone doesn’t like regulation until they need it, and then they want even more of it than we regulators can deliver. Every politician I meet, every media outlet that scrutinizes us, and every local community …

Qatar spent more money on gifts and travel for British MPs than any other country last year observer Analysis revealing Gulf state lobbying ahead of next month’s soccer World Cup. The Qatar government gave gifts worth £251,208 to MPs in the 12 months to October 2022, including luxury hotel stays, …

Britain’s national security is at risk because ministers fail to prepare for the rising risks of extreme weather events stemming from the climate crisis, a parliamentary inquiry has warned. The Joint Committee on National Security Strategy said the UK’s Critical National Infrastructure (CNI) had been laid bare because of “extreme …

The Hang Seng index fell as much as 5.1% in morning trade, while the CSI 300 slipped as much as 2% © Jérôme Favre/EPA-EFE/Shutterstock Stocks in Hong Kong and China fell sharply on Monday as the country’s delayed release of gross domestic product data unsettled markets. The Hang Seng index …

After the 1977 elections, the new Irish government attempted an experiment that ignored ‘orthodox’ economics. There was a spate of public spending funded by borrowing, which the government at the time believed would result in a large and lasting surge in growth. Ministerial speeches have been reassured that growth would …

Ireland’s economic links with Britain have diminished over the years, but as our closest neighbor they are still important and so the extraordinary upheaval at Westminster is having an impact here. A stable and healthy UK economy is in Ireland’s interest – but that is a far cry from where …

PORTLAND, Ore., Oct. 15 (Reuters) – Biden says he wasn’t the only one who thought British Prime Minister Liz Truss’ initial economic plan, which led to a sharp fall in the pound, was a mistake. “I wasn’t the only one who thought it was a mistake.” He told reporters during …

August GDP -0.3% vs. Reuters poll 0.0% The economy also contracted 0.3% in 3 months to August Weigh manufacturing and North Sea oil and gas Consumer-facing services are also weak amid rising inflation LONDON, Oct 12 (Reuters) – The UK economy looks set to slip into recession as data showed …

UK unemployment hit a new decade low in the three months to August as long-term illnesses kept more older workers out of the labor market, official data showed on Tuesday. The Office for National Statistics said unemployment stood at 3.5 percent on a renewed surge in economic inactivity — 0.3 …

Editor’s note: Pete Brown is a British author, journalist, broadcaster and consultant specializing in food and drink. He is the author of several books on beer and pub culture, including Man Walks Into A Pub: A Sociable History of Beer. The views expressed in this comment are his own. View …

Simon Coveney, Ireland’s foreign secretary, is flying to London for talks with his British counterpart James Cleverly amid hopes of a framework agreement to end the bitter row over Northern Ireland’s Brexit deals within weeks. Official-level talks will begin on Thursday afternoon via video link ahead of a working lunch …

Gove says the government should abandon a plan to end the top 45% tax rate Walk questions from the audience. One man says Gove told the party to meet after the leadership contest. Is he actually following his own advice? Yes, says Gove. He says he has two concerns about …

Kwasi Kwarteng must release new forecasts for the UK economy by the end of October to calm the chaos in financial markets caused by the UK Chancellor’s ‘mini’ budget, the Tory chair of the Commons Treasury Committee has said. “What markets need is truth,” Mel Stride told the Financial Times. …

The UK hosts the fifth Atlantic Future Forum aboard HMS Queen Elizabeth in New York Harbor Trade Minister Kemi Badenoch will deliver a keynote address and the Prime Minister recorded the opening speech The Trade Secretary will boost transatlantic trade and investment and explain to US investors why the UK …

Labour tends to take over when the economy is in bad shape. That was the case with Clement Attlee in 1945 and with Harold Wilson in both 1964 and 1974. Of the post-war party leaders, only Tony Blair arrived at Downing Street with a decent economy. Blair was the last …

Global equities sold off for the second straight week, weighed down by concerns over higher interest rates and the health of the economy, while oil prices fell to levels last traded before Russia invaded Ukraine. The FTSE All-World Index of global equities fell 2.1 percent on Friday, bringing its loss …

British Prime Minister Liz Truss on Wednesday accused Russian President Vladimir Putin of making “saber-rattling threats” to cover up his failed invasion of Ukraine, as she told the United Nations its founding principles were fragile due to aggression from authoritarian states. In her inaugural address to the UN General Assembly …

Insulating homes in the UK and installing heat pumps could benefit the economy £7 billion a year and create 140,000 new jobs by 2030, research suggests. However, the implementation of these energy saving measures depends heavily on government policies, according to an analysis by Cambridge Econometrics on behalf of Greenpeace. …

Next Friday, the newly appointed Chancellor is expected to make a finance announcement to the House of Commons announcing the lifting of EU rules on bankers’ bonuses, which are currently capped at twice their salaries. Mr Kwarteng will also unveil other plans such as a £30bn tax cut to help …

The UK economy grew more slowly than expected in July as labor shortages and rising costs weighed on activity amid heightened risk of recession. The Office for National Statistics said gross domestic product (GDP) rose 0.2% in July after falling sharply by 0.6% in June, when the extra bank holiday …

So it’s official then. On Wednesday, on her first full day in office – just before the Queen’s death froze all public political activity for at least a week and a half – Liz Truss spoke about the UK’s devastating energy bill crisis, which threatens to plunge two-thirds of the …

The UK Purchasing Managers’ Index (PMI) from the S&P Global-Chartered Institute of Procurement & Supply (CIPS) fell below the crucial 50 flat mark in August for the first time in 18 months, signaling a slowdown in business activity in the UK private sector. A sharp and accelerating decline in UK …

People walk across the Millennium Bridge with the City of London‘s financial district in the background, amid the coronavirus disease (COVID-19) pandemic in London, Britain January 20, 2021. REUTERS/Hannah McKay Sign up now for FREE unlimited access to Reuters.com to register LONDON, September 5 (Reuters) – Britain’s next Prime Minister …

First published September 3, 2022 at 11:38 am IST India overtook the UK on Friday to become the world’s fifth largest economy. The change in ranking has pushed the UK up to sixth place as the country continues to struggle under the brutal cost of living budget. This year, the …

Jack Mosse reverses the flawed understanding of the national debt that has permeated Conservative leadership competition and Tory economic policy for some years To fund her tax and spending plans, Liz Truss has promised that she will extend the period by which we would have to pay off our COVID-19 …

GGood morning We begin a further escalation of the energy crisis when Putin cut gas supplies to France. Gazprom has told French utility Engie that it will cut gas supplies starting today due to disagreements over the application of some contracts. The move further increases the pressure on Europe’s already …

Despite severe economic sanctions imposed by the West after the invasion of Ukraine, the Russian economy has so far managed to escape economic collapse. Currency expert Patrick Reid told Express.co.uk that no matter how severely sanctioned the dictatorship is, “the bottom line is gas”, stressing Germany’s special role in keeping …

It looks like nothing can stop the British pound from falling to new lows. With inflation set to top 18% next year and families across the country expected to face fuel poverty this winter, Britain’s economic woes are getting worse by the day. Traders agree the Bank of England will …

Robert Carter PressTV, London Outgoing British Prime Minister Boris Johnson has paid what may be his last visit to Ukraine as Prime Minister. At a meeting with President Volodymyr Zelenskyy in the Ukrainian capital of Kyiv, Boris was hailed for his tireless support of Ukraine’s war effort. He was even …

Illustration by Jonathan McHugh / Ikon Images It has been more than eight months since the Bank of England first began raising interest rates to combat rising inflation, but yesterday (22nd quarter of next year. The prediction came a week after the Office for National Statistics said the consumer price …

Liz Truss: Expert supports economic stimulus plan Statistics released today by the Department for International Trade (DIT) show that the value of all UK trade rose 15 percent in the year to June to a total of £1.4 billion. After the pandemic and an initial post-Brexit trade slump, Britain’s services …

Remittances to sub-Saharan Africa, of which Nigeria is known to be the largest beneficiary, are threatened by the economic crisis in the UK and US, among others. In its latest Migration and Development Report, the World Bank had forecast that remittances to sub-Saharan Africa would increase by seven percent this …

The Conservative MP and leader of the European Research Group discussed the announcement that lead candidate Liz Truss would release the details of an emergency budget in just weeks. Mr Francois went on to discuss the possibility that Britain is facing another recession that other experts have warned of. The …

Jacob Rees-Mogg renewed his attacks on former Chancellor Rishi Sunak and brutally dismantled the policies he was pursuing to restart the economy in the wake of the coronavirus pandemic. Mr Rees-Mogg attacked Mr Sunak over rising Social Security contributions, claiming that targeting companies could have an adverse impact on the …

US retail earnings will provide insight into how consumers are coping with skyrocketing inflation and a range of data offer a check-up on the health of the UK economy. Power issues will continue to plague Europe while New Zealand remains in the central bank spotlight. Here’s your week ahead in …

OOver the weekend, US Democrats overcame a months-long political struggle to pass the Anti-Inflation Act in the Senate, marking a major victory for President Joe Biden and for “bidenomics” ahead of the US midterm elections. The law represents the largest climate investment in US history at $369 billion for climate …

Investors braced for another month of softening economic output as the anniversary holiday took its toll on June data By Lucy White for the Daily Mail Released: 5:31pm EDT, Aug 8, 2022 | Updated: 5:31pm EDT, Aug 8, 2022 Upbeat: Tory leader Liz Truss says recession is ‘not inevitable’ Investors …

The cost of living crisis in the UK is about to get much worse. Last week, the Bank of England raised interest rates by 0.5 percentage point to 1.75% and forecast inflation would rise to 13% by the end of the year. It also said Britain was in a prolonged …

Issued on: 08.05.2022 – 12:06 London (AFP) – A senior British minister admitted on Friday “I don’t know where Boris is” as the prime minister checked out on holiday, in a week when the Bank of England warned of a year-long recession. Downing Street has declined to say where Prime …

RSentiment between the US and China was low even before the House Speaker’s visit to Taiwan. Now they have the potential to actually become very evil – with major consequences for the global economy. At the moment things look manageable. The financial markets reacted relatively calmly to Nancy Pelosi’s visit …

Comment on this story comment McDonald’s Corp. has just increased the price of a cheeseburger in its UK restaurants by a whopping 20% ​​for the first time in 14 years, from 99p to £1.19 ($1.43). Something must be done. The rising cost of a beef patty is symptomatic of the …

©Bloomberg Colgate-Palmolive has raised its full-year guidance after committing to pass on higher raw material and logistics costs through further price increases for its products. The consumer goods group, whose brands include Speed ​​Stick deodorant and soft soap, raised its full-year guidance for organic sales growth by 1 percentage point …

Carbon capture and storage could be worth £100 billion by 2050, an industry report says, with analysts predicting the UK has enough capacity to last two centuries of emissions. But although the country is well positioned to become a world leader in the technology as the UK has large industrial …

Let the games begin. No, not the bitter dispute between the last two candidates in the Conservative Party leadership election – although you can watch that on the BBC on Monday. The Commonwealth Games begin this week in Britain’s second largest city, Birmingham. The opening day of the international sports …

There are suspicions that Brussels is abusing Article 122 and exploiting this crisis to take control of energy policy. It’s going to be a heated debate. Southern Europe has fresh and bitter memories of what happened in the eurozone banking crisis, when Berlin peddled a moral tale of profligate Club …

The UK’s appetite for a super app is huge. This claim emerges from a recent report by PYMNTS in partnership with PayPal titled “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy”. The study, which is a survey of consumers in the US, …

The Defense Science and Technology Laboratory (Dstl) has announced the formation of the Defense Center for AI Research (DCAR) as part of the newly released Defense AI Strategy and the recently established defense AI Center. The center is run in collaboration with the Alan Turing Institute, the United Kingdom‘s institute …

Fashion retailer Laura Ashley went into administration during the pandemic © Charlie Bibby/Financial Times The accounting regulator has “severely reprimanded” the auditor of fashion retailer Laura Ashley, who fell under administration during the pandemic. The Financial Reporting Council said on Wednesday it had fined UHY Hacker Young £300,000 for failing …

In this year of significant elections, the UK has its most significant election this week, but one that is only open to a few hundred Westminster backbenchers. It’s the vote to renew the Conservative Party’s parliamentary leadership body, the Committee of 1922. The first task for the new group of …

Boris Johnson walked Downing Street in July 2019 with a promise. The doubters, doomsters and darksters would get it wrong again: his leadership would make Brexit a success and restart an economy stalled by divisions in Europe. Three years later, almost to the day, he’s preparing to leave a country …

LONDON, July 4 (Reuters) – Britain said it would on Tuesday impose new economic, trade and transport sanctions on Belarus over its support of Russia’s invasion of Ukraine, and also sanctioned six Russians it said were incarcerated spread disinformation. The Belarusian package will include import and export bans on goods …

Economy Minister Martin Guzman tendered his resignation on Saturday, acting at the end of a week in which Argentina’s currency hit an all-time low against the dollar and truck drivers protested diesel fuel shortages. Guzman said on Twitter that he had sent a multi-page letter of resignation to President Alberto …

I wonder if you have your summer vacation plans ready yet? If not, you might want to head out – especially if you think you’ll need a rental car. In the summer of 2019 you could have hired a standard family car for around £310 a week. Try to get …

Technology Secretary Chris Philp said Britain would “do whatever Ukraine needs from us to support them” despite warnings that the war in Ukraine was having an “economic impact” on the UK economy. He said Britain had already “spent £1.3 billion in support of Ukraine” but stressed “no price is too …

This article is an on-site version of our newsletter, The Week Ahead. Sign up here to get the newsletter straight to your inbox every Sunday Hello and welcome to the work week. Now seems a good time for central bankers to meet and pool ideas on how to pull their …

Consumer confidence in the UK has fallen to its lowest level on record almost 50 years ago as rising inflation hits household finances and the broader economy. The data released by research firm GfK came a day after official figures revealed that interest payments on the UK government debt last …

Monetary Policy of the 21st Century: The Federal Reserve from the Great Inflation to COVID-19by Ben Bernanke, WW Norton £25/$35 If you want to criticize something intelligently, you have to understand it. Ben Bernanke, one of the world’s leading monetary economists and Chairman of the Federal Reserve during the global …

Fuel prices are rising. War is raging on Europe’s doorstep. Even ABBA are on tour again – albeit in avatar form. With labor unrest mounting against a backdrop of rising living costs, some are wondering aloud – are we reliving the 1970s? Another flashback from the disco era came last …

The jars contain rare earth minerals produced by Lynas at its Mount Weld facilities in Western Australia © Melanie Burton/Reuters The US Department of Defense has signed a $120 million contract with Australian company Lynas Rare Earths to build the country’s first commercial-scale onshore rare earths separation plant, as part …

By David Kirton SHENZHEN, China (Reuters) – David Fong arrived in southern boomtown Shenzhen in 1997 as a young man from a poor village in central China. Over the next 25 years he worked for a number of overseas manufacturers before building his own multi-million dollar business making everything from …

I see that Lord Mandelson has urged the party to develop new strategies to “turn the intellectual tide” rather than relying on exploiting Mr Johnson’s self-imposed problems (your report, June 9). When more or less responsible for the politics and public perception of his party, the peer would always emphasize …

Plymouth is facing an economic nightmare with rising inflation fueling the cost of living crisis, falling investment by businesses and workers being poached by employers elsewhere in the country. A new report from the British Chambers of Commerce (BCC) predicts that economic growth will stall and inflation will hit a …

Sri Lanka News live: Sri Lanka’s strapped government will need at least $5 billion over the next six months to maintain basic living standards, including about $3.3 billion for fuel imports, the country’s prime minister told parliament on Tuesday. “It’s not enough just to bring about economic stability, we need …

Financial sanctions against Russia have sent energy prices on an unprecedented surge that has left Europeans with a mounting cost-of-living crisis at the same time as the impact of the pandemic. Experts warn that the situation will only get worse as the devastating effects of a recession hit all European …

Find prices, news, mutual fund NAVs trust INE002A01018, RELIABILITY, 500325 LIC India INE0J1Y01017, LICI, 543526 Adani power INE814H01011, ADANIPOWER, 533096 Adani Wilmar INE699H01024, AWL, 543458 Deepak Nitrite INE288B01029, DEEPAKNTR, 506401 …

Bundles of British pound sterling banknotes are stacked at the headquarters of the company Money Service Austria in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger Sign up now for FREE unlimited access to Reuters.com to register June 1 (Reuters) – Sterling fell against a strengthening dollar on Wednesday, with investors …

Britain’s retailers have warned Prime Minister Boris Johnson that his plan to bring back imperial measures will push up the prices of goods – because they would need to be relabelled – while consumers grapple with the worst cost-of-living crisis in a generation. The British Retail Consortium, which represents some …

Partridge and pheasant drives, which begin in September and October, are now making preparations – such as planting cover to benefit wild birds and other wildlife. They face losing that money if they have to cancel later. Mr Breitmeyer said: “If we could get the eggs in the country now, …

Placeholder when loading item promotions It is rare for the Labor Party to embrace a range of Conservative policy announcements so comprehensively. On the other hand, opposition leader Keir Starmer’s shadow bench really cheered Boris Johnson’s government when it accepted Labor calls for a windfall tax on energy companies and …

GGood Morning. As the rest of the world grapples with a deepening food crisis, Russia has been quietly benefiting. Putin’s invasion of Ukraine has pushed global wheat prices by 50 percent to near record highs this year, raising fears of widespread famine and starvation. But the Kremlin has continued to …

Alistair Burt said Brexit has cost the UK a lot of money as leaving the European Union has worsened trade relations and exacerbated the cost of living crisis. The former Conservative MP argued the economy would recover more slowly from recent inflation figures because of the nation’s decision to pro-independence. …

Taipei, Taiwan – The world is watching as Washington is reportedly preparing to impose unprecedented sanctions on Chinese state-owned surveillance technology company Hikvision, a move Beijing is reportedly weighing countermeasures for. The sanctions could raise tensions between the United States and China to a new level, but they are also …

Sterling is being hit by a double whammy of recession concerns and expectations that the Bank of England will not hike interest rates as aggressively as the US Federal Reserve. Lee Hardman, currency analyst at MUFG, warned that the prospect of the pound slipping below $1.20 is “certainly very likely …

Sign up for Derek’s newsletter here. The American economy is not looking good right now. US GDP contracted in the last quarter despite a good performance by American consumers. Inflation is high; Markets are down; Both wages and personal savings rates are showing some worrying statistical signals. Is the US …

EURGBP extends previous day’s gains to refresh multi-day top, dragging higher of late. Lagarde, de Guindos from the ECB flashed signals for a rate hike in July in their recent speeches. Brexit negatives, doubts over BOE next moves weigh on GBP ahead of key UK data. EURGBP bulls are taking …

British Prime Minister Borris Johnson walks through members’ lobby for the State Opening of Parliament at the Palace of Westminster in London, Britain May 10, 2022. REUTERS/Toby Melville/Pool Sign up now for FREE unlimited access to Reuters.com to register LONDON, May 10 (Reuters) – British Prime Minister Boris Johnson is …

This article is an on-site version of our newsletter, The Week Ahead. Sign up here to get the newsletter straight to your inbox every Sunday Hello and welcome to the work week. We begin the next seven days with memories of how Europe has united and divided, becoming both more …

These times are worrying for Claire Tasker’s jewelry business. With the rising cost of living putting acute pressure on households across the country, the Hertfordshire-based goldsmith has seen firsthand how consumers are saving. “If people don’t have money to spend, then they don’t really think about buying items like mine,” …

Furthermore, interest rates at 1 percent are still far too low even if inflation falls anywhere near the 2 percent target. Such low interest rates create distortions throughout the economy. On Thursday, it’s not just about the level of interest rates. The bank also has an opportunity to make an …

In 2020, the UK was the second largest exporter of services to the world, valued at £266.8 billion. Switzerland was the 12th largest at £89.6 billion. Now the Department of International Trade is launching an eight-week consultation asking companies and the public to comment. Switzerland is a key partner for …

An ATM at a branch of Lloyds Bank in central London, Britain February 25, 2016. REUTERS/Paul Hackett Sign up now for FREE unlimited access to Reuters.com to register LONDON (Reuters) – Lloyds Banking Group (LLOY.L) on Wednesday reported better-than-expected earnings for the first three months of the year as Britain’s …

GGood Morning. Markets will start the week firmly lower as fears of rising inflation, slowing economic growth and lockdowns in China weigh on sentiment. Asian markets plummeted overnight, with Chinese stocks on track to hit their lowest levels since May 2020. The FTSE 100 was set to follow suit, while …

This may all prove overly depressing, but it’s still pretty hard to see at this point why things should be going much better. Growth heals everything – at least everything economic – but it is particularly scarce. First the pandemic and then the war in Ukraine apparently made the situation …

Russia’s Defense Ministry issued a statement on Tuesday claiming Russian forces had opened an evacuation corridor around the besieged Azovstal Steelworks in Mariupol, a claim denied by a local Ukrainian police officer. “Given the catastrophic situation that has developed at the Azovstal metallurgical plant in the city of Mariupol, and …

Shoppers are warned that the cost of a new sofa and other furniture will skyrocket as the war between Russia and Ukraine drives up the cost of key materials like wood. “We’ve never seen anything like this in terms of general price increases for materials,” said Sean Holt, managing director …

After receiving a first dose of Pfizer’s BioNTech vaccine in San Francisco last year.Recognition…Mike Kai Chen for the New York Times A company announcement Thursday that a small clinical trial showed that a booster shot of Pfizer’s BioNTech coronavirus vaccine boosted the immune responses of 140 children ages 5 to …

GGood Morning. There is one more reminder of the cost of living crisis this morning, with the latest ONS figures showing wage growth lagging well behind rising inflation. While average earnings excluding bonuses rose 4.1 percent year-on-year in February, they fell 1.3 percent on a price-adjusted basis — the biggest …

Another senior Russian general has died in combat in Ukraine, Viségrad reports 24. Colonel Alexander Bespalov, the commander of the 59th Guards Tank Regiment, was reportedly killed in action by Ukrainian defense forces. It would contribute to the deaths of 16 of Vladimir Putin’s senior military officials, including five named …

ALEX BRUMMER: Britain would be in a much better position to shoulder its burden without the Chancellor’s tax attack: Gloss is tarnished for Rishi Sunak Sunak misjudged the economy that emerged from the Covid crisis and is embroiled in Ukraine The Chancellor’s acclaimed reputation rested on an intelligent response to …

6m ago02:48 House prices in the UK hit a new high in March House prices in the UK continued to rise over the past month, taking the average house price to a new record high of over £282,000. But pressure on the cost of living could take some of the …

Rishi Sunak should be used to gloomy economic forecasts. During his two years as chancellor, he was warned to prepare for the worst jobs crisis since the 1980s, an unprecedented recession in three centuries and the biggest shock to public finances since World War II. Not everything has come true. …

The UK is home to some of the best educational institutions, featuring in both QS World University and Times Higher Education rankings. With a range of Bachelors and Masters programs and a vibrant atmosphere, these institutes attract thousands of international students who prefer to go to the UK for the …

those of the British government Integrated review of security, defence, development and foreign policies presents the Indo-Pacific as a region of increasing geopolitical and economic importance over the next decade, suggesting that competition will translate into “regional militarization, maritime tensions, and disputes over the rules and norms surrounding trade and …

11:34 a.m Summertime 11:34 Sunak refuses to say if he is surprised by how much trade has fallen since Brexit Mel step (Con) Sunak takes up what he said about Brexit. (See 4:19 p.m.) George Parker (@GeorgeWParker) “It was always inevitable if you changed the exact nature of your trade …

Business Secretary Gordon Lyons today appointed Karen Baxter as the first Ofcom board member for Northern Ireland. Public Appointment The Minister confirmed the appointment after consulting the UK Secretary of State for Digital, Culture, Media and Sport. Karen retired from police service in 2020 after a 30-year career spanning service …

Good morning and welcome to our ongoing coverage of the world economy, financial markets, the eurozone and the economy. Some 1.3 million people will fall into absolute poverty over the next year because Chancellor Rishi Sunak yesterday failed to provide more aid to low-income families, according to a new analysis …

The chancellor should be more concerned about the risk of the cost-of-living crisis pushing Britain into recession later this year than higher debt costs, economists warn. Rishi Sunak faces a trade-off between trying to cut the national debt or easing the pressure on budgets when he makes his springtime declaration …

Rishi Sunak is urged to increase UK spending in this week’s mini-budget after an in-depth study by a leading think tank showed government cuts had the biggest negative impact on the world’s poorest countries. Campaign group One said the aid budget is at “stress point” and will come under renewed …

BERLIN – Ukraine’s President Volodymyr Zelenskyy has accused Germany of putting its economy ahead of the country’s security in the run-up to the Russian invasion. In a speech to the Bundestag on Thursday, Selenskyj criticized the German government’s support for the Nord Stream 2 pipeline project, which is intended to …

The EU has put names like Chelsea Football Club owner Roman Abramovich on a list of asset freezes and travel bans to increase pressure on Russia for its invasion of Ukraine. Alfa Group shareholders German Khan and Alexey Kuzmichev are among those targeted by sanctions, according to draft laws submitted …

The UK government has brought 21 Ukrainian children with cancer to England for care by the NHS The children will be screened to understand their specific health needs before being treated in an appropriate NHS hospital The intervention is part of the government’s broader humanitarian response to the Ukraine conflict, …

Unemployment tended to rise more than forecast, productivity continued to lag, growth was lower than hoped, and investment often dried up as poor industrial relations deterred those looking for new projects. Britain has been dubbed the economic “sick man of Europe”. While challenging times have returned – with the fallout …

Chelsea FC owner Roman Abramovich after his team’s victory in the UEFA Champions League final at the Estadio do Dragao May 29 in Porto, Portugal. (Alexander Hassenstein/UEFA/Getty Images) The British government has sanctioned Russian oligarch Roman Abramovich and frozen his assets, including English Premier League football club Chelsea. In a …

Secretary of State Liz Truss is visiting the US for talks to deepen our diplomatic, intelligence and security ties as we stand together against Putin’s illegal invasion of Ukraine. In the face of Russian aggression, Britain is working alongside the United States to ensure that Putin will fail. She will …