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UK economy

UK economy
The latest news, analysis and opinion on UK economy. In-depth analysis, industry insights and expert opinion.
Britain’s Prime Minister Andy Burnham (middle) attends his first cabinet meeting as prime minister at 10 Downing Street, London on Tuesday. Photo: via AP
Britain

UK’s Burnham eyes lower energy bills in first move as PM

This is the first of several early moves to ease a cost-of-living crisis and quell anger over previous governments’ failure to bring change.

Britain

China’s Li congratulates Andy Burnham on becoming Britain’s new prime minister

Britain

UK’s new PM Andy Burnham vows to end years of instability

Donald Trump

Trump welcomes reports Andy Burnham could open up North Sea oil drilling

People in the Scottish city of Aberdeen will be ‘dancing in the streets’, Trump said. Britain’s incoming PM has not confirmed the reports.

US President Donald Trump speaks to reporters in flight on Air Force One after landing at US Air Force Base at RAF Mildenhall, in Suffolk, England on July 8. Photo: AP
European Union

Opinion | As the UK discusses an EU return, Hong Kong offers lessons

Like Hong Kong, which functions as a special administrative region of China, could the United Kingdom rejoin the European Union with a special administrative name?

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Britain

‘End of my political journey’: UK’s Starmer takes last questions session

The prime minister, who steps down next week, says he is leaving Britain ‘in better shape than I found it’.

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Britain

UK’s likely next prime minister to unveil plan to shift power from London

Andy Burnham to push for more local decision-making in a major speech after returning to national politics.

UK Labour leadership frontrunner Andy Burnham. Photo: Getty Images
Britain

Opinion | UK’s revolving door of prime ministers reveals a deeper malaise

Britain’s democratic institutions can endure instability, but this does not translate into an ability to deliver sustained national renewal.

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Diplomacy

Editorial | Even as Starmer goes, Britain’s pragmatic China stance likely to stay

Andy Burnham, tipped to succeed Starmer, is not an outspoken critic of Beijing and engagement is set to continue despite broader geopolitical tensions.

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Britain

After 6 prime ministers in 10 years, can anyone fix the UK?

Keir Starmer quit less than two years after a landslide win. His successor will be the seventh prime minister since Brexit in 2016.

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The iconic door of 10 Downing Street in London. Photo: EPA
Britain

Burnham’s road to 10 Downing Street: how will Starmer be replaced?

With Andy Burnham emerging as the clear front-runner to lead Britain, here’s what could happen next.

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Andy Burnham after his swearing-in on Monday. Photo: Getty Images
Britain

‘Sort of a friend’: Trump takes parting shot at UK’s Starmer

US leader offers his thoughts after UK Prime Minister Keir Starmer announces resignation.

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International Property

Spain’s property market sees boost as Hongkongers, others, depart UK and Canada

As the cost of living rises, some Hongkongers living in the United Kingdom and Canada are set to move to Spain under the NLV scheme.

Hong Kong society

Nearly 10,000 Hongkongers granted permanent UK residence under BN(O) scheme

British National (Overseas) visa pathway was launched five years ago.

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Londoners bask in the sunshine near the British capital’s Tower Bridge. Photo: AP
Britain

Turning over a new leaf: why UK’s green mandate is a win for Asia

The Green Party’s record-breaking gains in UK council elections are a sign voters are taking climate change seriously, analysts say.

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Members of the Green Party celebrate a win in Bellingham in south London on May 9. Photo: EPA
Britain

UK health minister quits, calls for leadership contest to oust PM Starmer

Health Minister Wes Streeting is the first senior minister to quit after days of calls by Labour lawmakers for Starmer to step down.

Britain

UK PM’s biggest political challenge overshadows King’s speech

According to reports, Health Minister Wes Streeting was preparing to resign as early as Thursday to challenge Starmer.

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Britain

UK’s Starmer to ‘get on with governing’, defies calls to quit

At a meeting of his cabinet, there was no official move to trigger a leadership contest even as three junior ministers quit.

Britain’s Prime Minister Keir Starmer talks to journalists onboard a plane to Washington DC in 2024. He has promised to press on with a premiership that has been dogged by scandal and policy ​U-turns since he won a large majority at a national election in 2024. Photo: via AP
Britain

UK’s Starmer under renewed pressure to quit as revolt grows

Home secretary and deputy PM reportedly join calls for a leadership transition as several aides resign.

Britain

Ex-minister tells UK cabinet to boot Starmer or she’ll challenge him herself

Catherine West’s ultimatum comes amid calls for his resignation after Labour’s crushing defeat in local elections.

US, Israel war on Iran

Starmer calls emergency meeting on Iran war’s economic impact on UK

Stretched public finances and dependence on imported gas leave Britain exposed to the energy war in the Middle East.

British Prime Minister Keir Starmer. Photo: EPA
Britain

UK eyes ‘targeted’ support for households amid rising energy costs

Finance chief Rachel Reeves says there are plans to help those vulnerable to sharp rises in energy prices, especially those who rely on heating oil.

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Cars refuel at a BP petrol station in London, Britain, on Tuesday. Global oil prices have risen sharply amid the conflict ⁠in the Middle East. Photo: EPA
United States

Trump tells Starmer ‘do not give away Diego Garcia’ in new attack on Chagos deal

President says the UK should not lose control of Indian Ocean island by entering ‘tenuous’ lease, amid concerns about China’s growing ties there.

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Diplomacy

Editorial | Starmer’s visit to China highlights benefits of dialogue over confrontation

While several deals were struck on the UK prime minister’s trip, the most important outcome is the willingness of the leaders of both countries to work constructively together.

China-UK relations

Britain’s Starmer hopes gift of Man United match ball scores with China’s Xi

Reviving a familiar playbook, the British leader uses football to seek diplomatic headway during an official visit to Beijing.

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Chinese President Xi Jinping’s enthusiasm for football was on display during a visit to Ireland’s Croke Park in 2012, when he was vice-president. Photo: Reuters
Xi Jinping

Video | UK PM starts China state visit ahead of Xi meeting

Trade and the economy to top British prime minister’s agenda as London navigates ‘re-engagement’ with Beijing, analysts say.

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China-UK relations

Opinion | With China visit, Starmer makes clear he’s putting Britain first

The prime minister’s visit to China is a declaration that the UK will no longer be a simple passenger in a contest defined in Washington and Beijing.

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Britain

‘Very deep poverty’ in Britain hits worst level in 30 years, report says

Report reveals that nearly 7 million people are living on well below the UK median income as the nation’s poorest get even poorer.

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