Economy
UK PM Starmer pledges big drop in immigration
15 May
Prime Minister Keir Starmer is promising to cut net migration to Britain significantly over the next four years, saying the country risks becoming “an island of strangers” if it cannot maintain social cohesion. Controlling immigration...[Read More]
UK and India clinch landmark trade deal
8 May
India and the United Kingdom have concluded a long-coveted free trade pact, in a landmark deal that represents the UK’s most significant post-Brexit agreement that was finalised in the shadow of US President Donald Trump’s tariff...[Read More]
UK inflation slows by more than expected in March
24 April
British inflation has slowed to its weakest in three months in March, according to official figures that show other measures closely watched by the Bank of England cooling, too. Inflation slowed to an annual rate of 2.6 per cent in March from 2.8...[Read More]
UK economy sputters, underlining growth challenge
20 March
Britain’s economy unexpectedly contracted in January, extending a run of stop-start data that has dogged finance minister Rachel Reeves’ attempts to ignite growth, before an update to parliament on the economic outlook. Gross domestic...[Read More]
UK to cut welfare payments to address spiralling costs
20 March
Britain’s Labour government plans to cut the amount spent on supporting people with disabilities and long-term health conditions, seeking to tame a sharply rising welfare bill despite unrest among some of the party’s lawmakers. The cuts...[Read More]
UK economy contracts in blow to Labour’s growth push
21 November
Britain’s economy has contracted unexpectedly in September and growth slowed to a crawl during the third quarter, data shows, an early set back for finance minister Rachel Reeves’ ambitions to kick-start a sustained pick-up. Gross...[Read More]
Chancellor backs business and rewards workers to get Britain growing: Autumn 2023 Statement
30 November
Tax cuts for working people and British business headlined Chancellor Jeremy Hunt’s ‘Autumn Statement for Growth’ today, Wednesday 22 November. Plan for stronger economy will reward hard work, putting £450 back into the pocket of the...[Read More]