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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.
British Prime Minister Keir Starmer meets Chinese President Xi Jinping at the Sheraton Hotel, as he attends the G20 summit in Rio de Janeiro, Brazil, on November 18, 2024. Photo: Pool via Reuters
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

Britain

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

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.

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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

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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The UK government is proposing to impose stricter rules for obtaining citizenship. Photo: EPA-EFE
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.

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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.

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.

Britain’s Deputy Prime Minister Angela Rayner reacts at the end of the final speeches on the fourth day of the annual Labour Party conference in Liverpool in September 2024. Photo: AFP
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.

UK Deputy Prime Minister Angela Rayner arriving in Downing Street for a Cabinet meeting on Tuesday. Photo: dpa
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.

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.

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’.

Former Labour Party leader Jeremy Corbyn is forming a new political party alongside another ex-member of Britain’s ruling party, MP Zarah Sultana. Photo: AFP
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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Britain’s Chancellor of the Exchequer Rachel Reeves (right) greets Indian Finance Minister Nirmala Sitharaman during the India-UK Economic and Financial Dialogue at the London Stock Exchange on April 9. The two sides are expected to finalise a broader trade agreement during Prime Minister Narendra Modi’s visit this week. Photo: AFP
International Property

Wimbledon courts wealthy homebuyers amid decline in London home prices

In the second quarter of 2025, Wimbledon home prices recorded a 3.4 per cent increase from a year earlier.

Britain

16-year-olds to gain full voting rights in UK in landmark election reform

The move, a major overhaul of the country’s democratic system, aligns with Scotland and Wales, aims to boost participation amid low turnout.

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