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UK
UK Economy Shows Signs of Recovery Amidst Lingering Structural Challenges
The UK economy has shown signs of recovery in the first half of 2024, with quarterly growth at 0.6%, an annual inflation rate of 2.2%, and unemployment at 4.2%. However, it is important to note that the economy continues to grapple with…
Reeves says Hunt lied ‘knowingly’ and ‘deliberately’ about his finances.
Rachel Reeves accused Jeremy Hunt on Monday of lying about the condition of the public finances. This escalated a dispute with the Conservatives, who claimed that they had left a £22bn deficit.
The chancellor said that her predecessor…
Pound reaches a new high against the dollar as UK inflation remains steady
The pound reached a new high of one year against the dollar after UK inflation data for June came in slightly higher than expected at 2%.
The data showed that consumer prices were higher than analysts' expectations of 1.9%, and traders…
King’s Speech: 40 bills for a ‘decade national renewal’
Sir Keir has laid out 40 bills that he says will start "a decade of renewal for our nation" in a King's Speech for economic growth. The plan includes a large role for the government and an upgrade to worker's rights.
The new Prime…
England and Wales have the largest annual population increase in 75 years
The net migration accounted for the largest population growth in England & Wales in 75 Years last year, while births fell to a two decade low. This highlights the changing demographic pressures that Sir Keir's Starmer government is…
The pound has surged to a one-year high following UK inflation and UK growth surprises
The pound rose to its highest value against the dollar since almost a full year after the UK's economy grew faster than expected in May, while US inflation was lower than forecast. This led to a general decline in the greenback.
The…
Green investments to begin ‘immediately” with the new £7bn National Wealth Fund
The Chancellor Rachel Reeves announced that the new flagship National Wealth Fund of £7.3bn to decarbonise Britain’s heavy industry would start investing "immediately" in areas like green steel and megafactories.
She announced on Tuesday…
After UK landmark pollution ruling, water companies are facing legal challenges
A landmark Supreme Court judgment ruled that individuals and private landowners can sue water companies for sewage discharged into UK waters.
The lawsuit is one of many that water companies are facing as the anger grows over the storm…