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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.
Illustration: Craig Stephens
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.

Britain

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

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Diplomacy

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

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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.

Former Conservative Party member Robert Jenrick with Reform UK leader Nigel Farage. Photo: Reuters
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.

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.

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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.

A record flu surge and looming doctors’ strike is threatening to put a strain on the UK’s health system. Photo: Shutterstock
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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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.

British Chancellor of the Exchequer Rachel Reeves poses with the red budget box outside her office in Downing Street in London, Britain on Wednesday. Photo: Reuters
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.

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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A cargo ship unloads at a port in Belfast, Northern Ireland. China is eyeing increased investment in Northern Ireland, which has a unique status as part of both the United Kingdom and the European single market. Photo: Getty Images
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.

British Prime Minister Keir Starmer outside 10 Downing Street in London. Photo: Reuters
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’.

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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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.

A woman shops for food in a supermarket in Windsor on September 17. Photo: EPA
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.

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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The UK announced plans for a new nationwide digital ID in a bid to curb illegal migration. Photo: Getty Images
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.

Britain

UK deputy PM faces calls to resign over tax error on US$1 million home

Angela Rayner has admitted to a tax error on a property purchase and has referred herself for investigation.

Britain

Happy home hunters as UK property prices drop by U$14,900 in 3 months

The number of houses for sale is at a decade high, pushing average prices down to US$500,000.

A person walks past an estate agent’s properties listing in London, on August 7. The average home prices fell by 1.3 per cent this month. Photo: EPA
Britain

How a tiny Welsh village brought its pub back from the brink

Of the 45,000 UK pubs still operating, 378 – at least one a day – are expected to close by the end of this year.

The frontage of the Radnor Arms Pub, which has been revived thanks to a government scheme aimed at giving people the financial firepower to take ownership of pubs or shops at risk of being lost. Photo: AFP
Britain

Ex-Labour leader Corbyn shakes up UK politics with ‘Your Party’ launch

In launching the party, Corbyn called for a ‘mass redistribution of wealth and power’ and ‘an end to all arms sales to Israel’.

India

How the India-UK trade deal could shape future pacts with the EU and US

Analysts say the free-trade deal, expected to be finalised this week, signals New Delhi’s shift away from protectionism.

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