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Economy

Why are UK workers losing thousands of pounds?

Average UK households are £8,300 poorer than their counterparts in countries like France, Germany and the Netherlands, according to a new report by the Resolution Foundation and LSE.

Economy

All you need to know about the UK's 2024 economic plans

UK Chancellor of the Exchequer Jeremy Hunt has outlined the government’s financial plans for the year ahead in a press conference. Here's the key takeaways.

Economy

Time to buy a house? UK prices are falling, rents are sky-high

House prices in the UK fell compared to last year, the first time since 2012, according to official data.

Economy

UK wages rise adding to Bank of England inflation woes

Earnings, excluding bonuses, were 7.7% higher than a year earlier in the period from July to September, official data showed.

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Economy

UK: Is homeownership becoming a privilege for the elite?

A large majority of people aspiring to buy a house in the UK find that homeownership is reserved for the elite, says a new report.

Economy

UK mortgage approvals fall to lowest in eight months

The latest data suggests a further slowdown in the property market due to rising borrowing costs.

United Kingdom

It's a wealthy European country, so why is homelessness on the rise?

In new data, it’s been revealed that overall spending on homelessness has increased by 10.5% since 2021/22 and a majority of councils have reported their costs have gone up.

Economy

UK inflation remains unchanged but still way above target

The UK has the highest rate of inflation in the G7, with the EU due to release its own inflation figures later today.

Economy

British economy creeps forward

The UK’s GDP grew slightly in August, driven by the services sector.

Europe News

Brits regret Brexit but rejoining the EU is unlikely

Protests and demands for the UK to rejoin the EU are growing steadily in the UK, where most are saying Brexit has failed.

Economy

UK sees surprise fall in inflation

The decline was a surprise as most analysts had expected inflation in the UK to rise to 7%, but the new figure is still way above the Bank of England's target of 2%.

Economy

Shoplifting surges in UK as retail workers face violence and abuse

Major retailers have warned that a new 'epidemic' is becoming serious enough to eat into their profits.

Economy

UK economy slumps amid strikes and rain

The UK's GDP has shrunk by more than expected, following news of higher unemployment but also higher wages.

Economy

Unemployment is on the rise in the UK, but so are wages

Pay excluding bonuses was up 7.8% between May and July 2023 compared to the same time last year. When bonuses are factored in, the figure jumps to 8.5%.

United Kingdom

Stagnant UK economy lagging behind EU, new figures show

Britain has seen no economic growth in three months, the country's statistic agency said on Thursday. Other European states are faring better, meanwhile.

World News

UK's BT announces 55,000 job cuts amid plans to ultilise AI

UK telecoms company BT has announced plans to cut 55,000 jobs in a major overhaul and says some tasks will be undertaken by artificial intelligence

United Kingdom

Euroviews. Has the UK forgotten the lessons of the past in its latest trade deal?

The UK must not continue to reject the Single Market in favour of trade agreements such as that with the CPTPP, Dan Sutton and Christos Kourtelis write.

United Kingdom

Major strike will take British nurses out of cancer wards and ICUs

For the first time, the 28-hour strike will include nurses working in intensive care units and cancer wards, although exceptions are being made in hospitals where a lack of nurses could endanger patients' health.

Green News

Insulate Britain celebrates win after government pledge

Four Insulate Britain activists are on trial today after blocking the M25 last year. But the group has celebrated a ‘civil resistance win.’

United Kingdom

Hunt strives to play up UK's performance as he sets out austere budget

The UK finance minister said Britain was holding up against "unprecedented global headwinds" as he outlined a severe package of cuts and tax rises.