Sticky UK Inflation Stokes Bank Of England Rate-cut Debate
British annual inflation steadied last month, official data showed Wednesday, but prices still rose at double the Bank of England's target rate, adding to uncertainty over the timing of an interest-rate cut.
Starmer Faces Rising Criticism Over Plans To Drop £28 Billion Green Investment Pledge
Starmer is expected to argue that it will not affect specific pledges on improving home energy efficiency and decarbonising the national grid by 2030.
Labour Backtrack On £28 Billion Green Investment Pledge After Weeks Of Confusion
With a UK general election looming, the Labour Party are starting to persuade business and financial sector leaders that it can be trusted to grow the economy.
'Labour Is The Party Of Business,' UK's Starmer Tells Corporate Bigwigs
UK opposition leader Keir Starmer promised Britain's corporate community Thursday that his Labour party would better marshal the economy than the ruling Conservatives if elected.
UK Opposition Labour Courts Business Before Election
With a UK general election looming, the country's main opposition Labour party is starting to persuade business and financial sector leaders that it can be trusted to grow the economy.
50% Of Business Leaders Want Keir Starmer As Next Prime Minister
Corporate leaders have said that they would have more business confidence if the Labour Party win the next general election.
Unexpected Surge in UK Inflation Poses Challenges for Bank of England's Monetary Policy
The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.
Labour Promises To Save The UK's Business Reputation From 'A New Age Of Insecurity'
As the next general election approaches, MP Rachel Reeves will introduce JP Morgan investors to Labour's plan to regrow the British economy.
Starmer Says Tories In "Open Revolt" As Sunak Left Red-faced At PMQs
At the start of his premiership, Sunak had promised to "stop the boats" but his Rwanda Bill was declared illegal by the Supreme Court.
Rishi Sunak's Decision to Scrap Free NHS Prescriptions Draws Criticism for Impact on the Most Vulnerable
Sunak is scrapping free NHS prescriptions that have been a vital lifeline for individuals with chronic conditions, low-income families, and the elderly.
Jeremy Hunt Announces Significant Tax Cut Amidst Downturn in Growth Forecast
Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.
UK Unveils Voter-friendly Budget With Election On Horizon
Britain's Conservative government launched plans Wednesday to stimulate growth and woo voters for the next general election, delivering a massive tax-cut sweetener for workers but also forecasting sharply lower growth and stubbornly high inflation.
Shadow Chancellor Rachel Reeves Plans Pensions Reform to Revitalise UK's Sluggish Economic Growth
Reeves' vision for pension reform envisions redirecting a significant portion of retirement savings towards bolstering the growth of British businesses.
Bruce Willis' Wife Slams 'Awful' Attention On Matthew Perry's Death
Emma Heming urged the public to let the actor "rest in peace" and "give his family and friends grace to mourn and grieve without all this noise".
Labour Strikes a Confident Note in Liverpool Despite the News of Turmoil in the Middle East
Rachel Reeves was in the limelight in Liverpool, described as the would-be "first female Chancellor ever in Britain", and also the "best qualified".
Keir Starmer promises 'decade of national renewal' in Labour speech
Starmer claimed the government was exploiting the country's problems rather than solving them, and appealed to disillusioned Conservative voters to join Labour.
Labour Party Conference Enters Third Day; Starmer to Speak Following Hamas Attacks in Israel
The meeting comes with the centre-left party enjoying double-digit leads in most opinion polls and seemingly on the cusp of returning to power.
Confident UK Labour Activists Eye Return To Power
Cheery, expectant, yet uncomplacent: Britain's Labour activists were in buoyant mood at the party's annual gathering Monday as they sense a return to power in an election expected next year.
Bank of England Holds Interest Rates at 5.25%
The decision to hold the rate comes after figures revealed an unexpected slowdown in inflation in August.
Experts predict the Bank of England will raise interest rates a final time from 5.25% to 5.5%
Initial GDP figures for July show a fall of 0.5 per cent, a worse performance than expected by economists, increasing the fears of a "mild recession".
Angela Rayner handed new role amid Labour reshuffle
Labour leader Keir Starmer has appointed Angela Rayner as shadow levelling up secretary in place of Lisa Nandy, who was demoted to covering the international development brief.
Bank of England raises UK interest rates to a record 5.25%
The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.
Bank of England warns of rising mortgage payments and potential struggles for UK households
The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.
BBC suspends presenter after explicit images allegations
The BBC said Sunday it had contacted the authorities and suspended a presenter following allegations that he had paid a teenager tens of thousands of pounds for sexually explicit photos.
Local elections put political leaders to task as general election looms
The upcoming May local elections present the opportunity for political leaders to test the electoral strength of their parties ahead of the next general election.
Hunt, hemmed in by debt, set to focus on growth in UK budget
British finance minister Jeremy Hunt will announce on Wednesday how he will try to speed up the world's sixth-biggest economy after the shocks of Brexit, a heavy COVID-19 hit and double-digit inflation have left it lagging behind its peers.
Britain battles to limit SVB damage as would-be buyer for UK arm steps in
A would-be buyer for the UK arm of failed U.S. lender Silicon Valley Bank (SVB) stepped forward on Sunday as British Prime Minister Rishi Sunak said his government was working to limit any fallout for companies from the bank's demise.
UK Labour party outlines its vision for government
Labour's slogan contrasts with the "Global Britain" promised by Boris Johnson when he took the country out of the EU at the start of 2020.
Davos 2023-'Open for business' Labour slams PM Sunak no-show
British Labour Party leader Keir Starmer set out his green growth plan in Davos on Thursday and criticised British Prime Minister Rishi Sunak for not showing up at the annual meeting of the World Economic Forum.
UK budget predicted to be a nightmare before Christmas
Britain will Thursday hike taxes and slash public spending in a government budget that signals a return to austerity despite a cost-of-living crisis and recession headwinds.