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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.
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
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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United States

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

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Diplomacy

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

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.

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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A homeless person near Piccadilly Circus in central London in 2020. Poverty in Britain has deepened in recent years. Photo: AFP
Diplomacy

Opinion | Why UK Prime Minister Starmer’s visit to China could be historic

The British prime minister must decide whether Britain has the strength to look east and west, and not simply look inward.

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Britain

Britain’s surging Reform UK party draws big-name Tory defector

Robert Jenrick joins Nigel Farage’s Reform party as the Conservatives descend into civil war.

Britain

UK begins ‘world-leading’ junk food ad ban to curb childhood obesity

Restrictions on daytime television and paid online advertisements are part of a US$2.7 billion preventive health strategy.

The UK’s junk food ad restrictions aim to cut billions of calories from children’s diets. Photo: Shutterstock
Britain

UK’s Starmer says ousting him would lead to chaos, far-right government

Instability ‘would gift Nigel Farage’, the PM said, referring to the right-wing Reform UK leader who currently tops opinion polls.

Britain’s Prime Minister Keir Starmer during an interview with the BBC on Saturday. Photo: AFP
Britain

UK ‘super flu’ crisis and doctors’ strike spark ‘worst-case’ Christmas fears

Flu cases hit record highs with a 55 per cent weekly jump as the NHS faces a planned doctors’ strike next week.

Britain

Head of UK financial watchdog quits after early leak of Rachel Reeves’ budget

Richard Hughes said he wanted to help the Office for Budget Responsibility recover from the lapse, which is linked to leadership failures.

United States

US-UK zero tariff deal to reshape NHS medicine spending

The agreement removes tariffs on medicines and raises NHS spending on new drugs by 25 per cent, boosting pharmaceutical growth.

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The US will exempt UK pharmaceuticals and medical tech from tariffs, under a new trade agreement. Photo: Shutterstock
Britain

UK finance minister says did not mislead public on latest budget

Britain’s Conservatives have accused Rachel Reeves of misrepresenting the state of the nation’s finances in the run-up to her November 26 budget.

Britain’s Chancellor of the Exchequer Rachel Reeves poses with her ministerial red box before heading to the House of Commons to deliver her budget speech on November 26. Photo: Reuters
Britain

UK’s Reeves unveils tax plan amid embarrassing budget leak

In an unprecedented error, the UK’s financial watchdog apologised for publishing budget forecasts before they were delivered in parliament.

Hong Kong society

Platform for Hong Kong BN(O) visa holders launches campaign against new UK rules

Sutton Hongkongers says people feel the UK government is ‘moving the goalposts’ by changing certain immigration rules.

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Britain

UK ex-PM Johnson hits back at ‘incoherent’ Covid inquiry report

Boris Johnson defends his Covid-19 pandemic response, saying he regrets errors but insists his government acted to save lives.

Then UK Prime Minister Boris Johnson gives a news conference about the ongoing situation with the coronavirus outbreak inside 10 Downing Street in London in 2020. Photo: AP
China-EU relations

China woos Northern Ireland with promises to boost investment, trade

Beijing seeks closer ties with Belfast at a new trade forum, with Northern Ireland offering potential entry to European market.

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Britain

UK health secretary denies plot to topple Starmer as prime minister

Wes Streeting says he supports Keir Starmer, as opinion polls suggest he is one of the most unpopular prime ministers of all time.

Britain

UK seals US$11 billion Eurofighter sale deal with Nato ally Turkey

Britain’s defence ministry described the order, which involves 20 Eurofighter Typhoons, as the ‘biggest fighter jet deal in a generation’.

Britain’s Prime Minister Keir Starmer and Britain’s Defence Secretary John Healey in front of a UK Typhoon fighter jet at Tusas airbase in Ankara, Turkey. Photo: AFP
India

UK-India trade deal faces anti-immigrant challenge as PM Starmer visits

The British prime minister will have to balance India’s push for more visas against the UK’s growing anti-immigrant sentiment, analysts say.

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British Prime Minister Keir Starmer takes a selfie with a disposable camera while meeting business leaders at the Taj Mahal Palace in Mumbai on Wednesday. Photo: Reuters
Britain

Attention, shoppers: UK prices hit 19-month high, fuelling inflation fears

Tax and payroll changes introduced by the UK government, including a new packaging tax next month, are sending retail costs spiralling.

Britain

What’s your best offer? UK firms turn cagey about salary in employers’ market

Only 56 per cent of online job postings last month included wage information, data shows.

Keir Starmer

Starmer warns UK Labour is in ‘fight of our lives’ as party meets

The gathering comes amid talk of a possible leadership challenge, with Labour lagging well behind Farage’s anti-immigrant Reform UK party.

UK Prime Minister Sir Keir Starmer, centre. Photo: PA Wire / dpa
International Property

As Fed lowers rates, which real estate markets should investors eye?

Researchers from Knight Frank and Juwai IQI share their insights into various markets – and the factors investors need to be thinking about.

Commercial high-rise buildings are pictured behind the Wat Saket temple complex in Bangkok on October 28, 2024. Photo: AFP
Britain

UK to launch mandatory digital ID to curb illegal migration

The plan faced immediate criticism for potentially infringing on civil liberties and failing to deter illegal immigration.

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Britain

UK deputy PM quits over tax error, prompting cabinet shake-up

Angela Rayner is the eighth – and most senior – ministerial departure from PM Keir Starmer’s team, and the most damaging yet.

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