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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.
last updated:
9 September, 2024
Graduates toss caps at the University of Portsmouth in 2015. Photo: Shutterstock
Chinese overseas

Being Chinese | No stereotypes please, overseas Chinese students are a wonderful mix

By no stretch of any imagination can one reduce Chinese students in the UK to a uniform, faceless tribe, as my cohort once was.

Britain

Membership of UK’s anti-immigration Reform party overtakes Conservatives

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Britain

Farage challenges UK two-party system, threatens European-style fragmentation

Britain

Starmer pledges measurable milestones to rebuild UK in ‘plan for change’

Starmer hopes it will turn the page on criticism of his government on everything from use of campaign donations to a tax-raising budget.

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British Prime Minister Keir Starmer (middle) takes photos with attendees following his speech at Pinewood Studios in Iver Heath, Britain. The speech is an attempt by the premier to relaunch his administration after a bumpy first few months that have brought a sharp decline in his poll ratings. Photo: EPA-EFE
Britain

UK’s Starmer vows to slash immigration, reform points-based system

Official data shows net migration into Britain at a record 900,000 in the year to June 2023, much higher than original estimates.

Britain

UK’s new Conservative Party leader to name shadow cabinet in days

Kemi Badenoch has signalled her willingness to work with leadership rivals and pledged to hold the ruling Labour Party to account.

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Britain

Badenoch elected new leader of UK Conservative Party

Badenoch came out on top in the two-horse race with former immigration minister Robert Jenrick with 57 per cent of the vote.

New Conservative Party leader Kemi Badenoch (centre) and her husband Hamish (right) and Conservative Party leader candidate Robert Jenrick (left) following the party’s new leader announcement in London, Britain, on Saturday. Badenoch succeeds Rishi Sunak. Photo: EPA-EFE
Malaysia

Kuala London: aspiration, class and the Malaysian dream of a British education

In a country still shaped by its colonial past, the pursuit of a UK education by Malaysia’s elites reveals a stark opportunity gap at home.

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Diplomacy

Opinion | Britain’s China policy needs an additional ‘C’

If the West attempts to make China a pariah, the world’s second largest economy will be left with no option but to lean towards Russia.

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Diplomacy

Opinion | Chinese investment could soon pour back into Britain. It’s about time

Increasing Chinese investment could lay the groundwork for the wealth creation needed to reduce the UK’s regional and economic disparities.

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Chinese President Xi Jinping wears 3D glasses to view robotic equipment during a visit to Imperial College London, on October 21, 2015. Photo: AP
Britain

UK’s Keir Starmer visits Brussels for first talks on EU reset

He is looking to tweak the relationship but has ruled out any return to the EU’s single market, its customs union or freedom of movement.

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Britain’s Prime Minister Keir Starmer (left) and European Commission president Ursula von der Leyen speak to the press at the European Commission headquarters in Brussels. Photo: Reuters
Britain

UK lawmaker quits Labour Party citing PM Starmer’s ‘hypocrisy’ over freebies

Rosie Duffield denounced the leader for cutting a US$400 payment to pensioners while accepting over US$134,000 in gifts and hospitality.

Britain

Is remote work hindering UK productivity? New Labour stance sparks debate

UK finance minister Rachel Reeves says in-person collaboration boosts efficiency, while other ministers prioritise results over physical presence.

Italy

UK’s Starmer seeks to learn from Meloni’s tough migration policies

UK prime minister looks for ‘new solutions’ on tackling the flow of migrants in small boats to Britain’s southern shores.

UK Prime Minister Keir Starmer with Italian Prime Minister Giorgia Meloni in Rome, Italy on Monday. Photo: LaPresse via Zuma Press / dpa
Britain

‘Reform or die’: UK PM Starmer promises 10-year plan to fix health service

His promise comes after a report showed there would be no more money without reform to a system found to be in critical condition.

NHS workers march in London during a nurses’ strike over pay and working conditions. The state-run NHS has been in crisis and endured some of its toughest winters in recent years. Photo: EPA-EFE
Britain

UK’s Keir Starmer warns against ‘snake oil’ offered by far-right

Britain’s prime minister says he’s making unpopular decisions early following his election victory in July.

International Property

Homebuyers flock to city centres as demand wanes for flats close to nature

That shift has become evident in metropolises across the UK and Australia, as well as in compact cities like Singapore and Hong Kong.

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Britain

Starmer says government looking at smoking crackdown, potentially outside pubs

Prospect widely criticised by hospitality bosses, who said it would be an overreach of the state and another potential blow to their income.

Smoking in Britain has been banned inside pubs, restaurants and most workplaces since 2007. Photo: AP
Keir Starmer

UK PM Keir Starmer urges European allies to meet far-right ‘challenge’

UK Prime Minister Keir Starmer said he fears a rise of the far-right in Britain and suggested progressive parties across Europe should jointly fight populism.

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Britain

Starmer warns of ‘painful’ higher taxes to fix UK’s ‘economic black hole’

Starmer warned of tax hikes for the wealthy to rebuild Britain, acknowledging tough choices ahead and the need to address societal divisions exacerbated by the previous government’s policies.

Britain

Starmer to warn of tough times ahead in first major speech as UK PM

Starmer, whose Labour Party was elected on July 4, is expected to use Tuesday’s speech to ramp up attacks on legacy left by Conservatives.

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Britain’s Prime Minister Keir Starmer delivers a speech during a press conference at 10 Downing street in London on August 1. Photo: Reuters.
Britain

New UK government cuts billions of pounds of spending to fix ‘unsustainable’ finances

Finance minister Rachel Reeves announces spending cuts of US$7 billion, pencils in further cuts of US$10.4 billion and hints at tax rises.

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Britain’s Chancellor of the Exchequer Rachel Reeves on Monday. Photo: PA Wire / dpa
Britain

Un-purr-turbed: Larry the cat training another UK prime minister in Downing Street

British prime ministers come and go at the premier’s official residence, 10 Downing Street. But the real power remains unchanged – Larry the cat.

Britain

UK faces stark choice as public service pay hikes loom

Chancellor of the Exchequer Rachel Reeves has warned of the possibility of a return to strikes and a shortage of nurses and teachers.

Britain

King Charles sets out Labour government’s agenda to ‘take the brakes off’ economy

In a ceremony full of pomp, King Charles set out the government agenda, which included Labour’s plans to revive the economy, with an emphasis on new homes, and infrastructure projects

Britain’s King Charles wears the Imperial State Crown on the day of the State Opening of Parliament at the Palace of Westminster in London, Britain, July 17, 2024. REUTERS/Hannah McKay/Pool
Britain

EU and Britain hold first talks to ‘reset’ ties after UK vote

New PM Keir Starmer has vowed to turn a page with EU after years of bad blood following Brexit under previous Conservative government.

The EU flag and the British flag. UK PM Keir Starmer has vowed to turn a page with the EU. Photo: AFP
Asean

India beckons UK and France after Europe’s election earthquakes

Voters’ economic frustrations caused huge electoral upsets in Europe, opening new avenues for Britain and France to deepen ties with Asia.

Britain

Opinion | 3 factors that will shape Britain’s China policy under Labour

The British economy’s woes, US influence and tension between chasing growth and upholding British values will guide Labour’s policymaking.

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