All news on the topic: UK Economy

John Healey has refused to rule out further tax rises ahead of the Budget as he delivered his first major speech as chancellor.

Foreign nationals receiving Universal Credit reached a new record of nearly 1.3 million in May 2026, according to fresh data.

Rachel Reeves said Labour must adhere to its manifesto, which ruled out joining the single market and the customs union, and allowing freedom of movement.

Two reports from top accounting firms suggest the economy is on the brink as gas and oil prices surge following Tehran’s blockade on the Strait of Hormuz.

Compensation payouts are due on around 12.1 million unfair motor finance deals, at an average of £829 each, the financial watchdog has said as it unveiled the final plans for its redress scheme.

The base interest rate was cut from 4% to 3.75% on Thursday, as Economics Editor Joel Hills reports.

Official figures from the Office for National Statistics released on Thursday showed an estimated 252,000 Britons left the UK in the year to June 2025

Pro-Brexit supporters have branded Chancellor Rachel Reeves a "complete fraud" for linking the UK’s economic problems to its exit from the European Union.

Despite the billion-peso flood control corruption scandal shaking public confidence in government and its infrastructure projects, the British Chamber of Commerce Philippines (BCCP) remains optimistic about the country’s economic prospects and its growing trade ties with the United Kingdom.

The UK economy stagnated in July as the largest decline in the manufacturing sector in a year countered a strong month in retail.

Chancellor Rachel Reeves has not dismissed the possibility of future tax increases following the UK economy’s worst contraction in a year and a half in April.

The UK’s jobless rate ticked up to 4.6% in April while payrolled employment has fallen sharply since, according to official figures covering the period when budget tax hikes on businesses came into effect.

The British prime minister states that ‘Britain is back on the world stage’ but encounters criticism from right-wing Brexit supporters.