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Economic news and events

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Economic news and events
  • 11 July 2025, 9:13 am

    UK trade deficit slims in May amid return to US export growth

    The UK trade deficit narrowed in May, as exports rose and imports were largely steady, numbers on Friday showed.

    The Office

    2 min read
    Economic news and events
  • 11 July 2025, 8:02 am

    UK minister declines to rule out tax rises amid welfare climbdown warn

    There will be ‘financial consequences’ to UK Prime Minister Keir Starmer’s last-minute climbdown on welfare reform, a Cabinet

    5 min read
    Economic news and events
  • 11 July 2025, 7:10 am

    UK economy shrinks for second month running with 0.1% May contraction

    The UK economy suffered another decline in May, falling well-short of expectations of growth, numbers son Friday showed.

    Acco

    2 min read
    Economic news and events
  • 10 July 2025, 5:28 pm

    London, Paris tighten nuclear bond over US, Russia concerns

    Britain and France took a key step to underpin Europe’s security by agreeing to tighten nuclear cooperation, as the region

    4 min read
    Economic news and events
  • 10 July 2025, 12:27 pm

    ONS to resume PPI releases in October after review identifies errors

    The Office for National Statistics on Thursday said it will restart producer price inflation data releases in October after

    2 min read
    Economic news and events
  • 10 July 2025, 12:19 pm

    Irish consumer price inflation rate picks up to 1.8% in June

    Ireland’s consumer price inflation rate accelerated in June, data published by the Central Statistics Office showed Thursday

    1 min read
    Economic news and events
  • 9 July 2025, 5:35 pm

    Trump issues more letters to countries in push for tariff deals

    US President Donald Trump released a fresh set of letters to trading partners Wednesday, setting out tariff rates for six

    2 min read
    Economic news and events
  • 9 July 2025, 1:27 pm

    UK PM declines to rule out wealth tax; says sticking to fiscal rules

    UK Prime Minister Keir Starmer has declined to rule out a wealth tax, after Conservative leader Kemi Badenoch accused the

    4 min read
    Economic news and events
  • 9 July 2025, 10:50 am

    UK workforce exposed if global trade war intensifies? Bank of England

    Trade tariffs could increase the risk of some businesses falling behind on loans, while a high proportion of the UK workforce

    3 min read
    Economic news and events
  • 9 July 2025, 10:27 am

    UPDATE: UK-US talks to finalise US steel tariff exemption continue

    Government talks to finalise the deal to spare the UK from US steel tariffs are ongoing, Downing Street has said, as the

    3 min read
    Economic news and events
  • 9 July 2025, 6:39 am

    UK PM Starmer and French President Macron to meet at No 10

    Keir Starmer and Emmanuel Macron will hold talks at No 10 as the UK pushes for France to do more to stop migrant crossings.

    Th

    2 min read
    Economic news and events
  • 8 July 2025, 9:21 pm

    UPDATE: Trump says to set 50% copper tariff, no deadline extension

    President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on

    4 min read
    Economic news and events
  • 8 July 2025, 9:12 pm

    Global trade grew in first half of 2025, UN economist says

    Global trade grew by around $300 billion in the first half of the year due to US imports and EU exports, the United Nations

    2 min read
    Economic news and events
  • 8 July 2025, 5:54 pm

    New building guidelines allow for smaller apartments in Ireland

    New guidelines on building apartments will allow for smaller apartment sizes and a reduced provision for private open spaces

    5 min read
    Economic news and events
  • 8 July 2025, 2:03 pm

    UPDATE: UK public finances on 'unsustainable' path? OBR

    The UK’s state finances are on an ‘unsustainable’ path due to a raft of public spending promises the government ‘cannot

    6 min read
    Economic news and events
  • 8 July 2025, 12:30 pm

    UK Foreign Office set to shrink by up to 25%, says top mandarin

    The UK Foreign Office is set to shrink by up to a quarter as ministers look to slim down the Civil Service, the department’s

    2 min read
    Economic news and events
  • 8 July 2025, 11:38 am

    Macron in UK promising co-operation on issues including migration

    French President Emmanuel Macron promised ‘concrete, effective and lasting’ co-operation on migration as he arrived in the UK

    3 min read
    Economic news and events
  • 8 July 2025, 11:17 am

    England water regulator handed largest ever budget to tackle pollution

    The water watchdog in England has been handed its largest ever budget for tackling pollution, the government said.

    The

    3 min read
    Economic news and events
  • 8 July 2025, 10:27 am

    UK finances in vulnerable position after reversed spending cuts? OBR

    The UK’s public finances are in a ‘relatively vulnerable position’ amid pressure from recent U-turns on planned spending cuts

    2 min read
    Economic news and events
  • 7 July 2025, 6:20 pm

    Trump slaps allies Japan, South Korea with 25% tariffs

    US President Donald Trump said on Monday he was slapping 25% tariffs on Japan and South Korea, in his first letters to

    3 min read
    Economic news and events
  • 7 July 2025, 1:52 pm

    UK-France relationship 'key' to migration, No 10 says amid meeting

    The UK’s relationship with France is ‘key’ to tackling small boat crossings, Downing Street signalled a day ahead of Emmanuel

    3 min read
    Economic news and events
  • 7 July 2025, 8:39 am

    UK house prices flat monthly in June but market resilient? Halifax

    UK annual house price growth eased ever-so-slightly last month, though transactions and mortgage approvals have picked up

    2 min read
    Economic news and events
  • 6 July 2025, 12:03 pm

    UK ministers 'pushed ahead too fast' on welfare reform? Phillipson

    Ministers in the UK ‘pushed ahead too fast’ and ‘didn’t listen enough’ on welfare reform, the Education secretary has said.

    Br

    3 min read
    Economic news and events
  • 6 July 2025, 11:16 am

    UK re-establishes diplomatic relations with Syria as Lammy visits

    David Lammy has said that a ‘stable Syria is in the UK’s interests’ as the UK re-established diplomatic relations with the

    2 min read
    Economic news and events
  • 6 July 2025, 11:06 am

    France's Macron to visit UK as Starmer eyes 'reset' with EU

    French President Emmanuel Macron is to begin a state visit to the UK on Tuesday, where he is set to address the British

    4 min read
    Economic news and events
  • 5 July 2025, 10:52 am

    UK's Cooper orders crackdown on illegal working for delivery apps

    UK Home Secretary Yvette Cooper has ordered a nationwide immigration ‘enforcement crackdown’ which the government says will

    4 min read
    Economic news and events
  • 5 July 2025, 10:44 am

    UK Chancellor Rachel Reeves declines to rule out tax hikes

    Rachel Reeves refused to rule out tax rises in the autumn budget, as she admitted the fallout over the government’s welfare

    3 min read
    Economic news and events
  • 4 July 2025, 9:51 am

    UK construction activity decline decelerates in June but optimism down

    The contraction in activity in the UK construction sector slowed in June, but the forward-looking survey indicators were

    2 min read
    Economic news and events
  • 4 July 2025, 9:48 am

    UK new car market continues growth in June as plug-ins gain ground

    The UK’s new car market continued to improve in June, led by electric vehicles and following a return to growth in May, data

    2 min read
    Economic news and events
  • 4 July 2025, 7:44 am

    UK PM Keir Starmer says he understands what 'anchors' Donald Trump

    Keir Starmer said he has a good relationship with US President Donald Trump because they both ‘care about family’.

    The UK

    3 min read
    Economic news and events
  • 3 July 2025, 2:03 pm

    UK PM vows to press on with welfare reform as takes blame for U-turn

    Keir Starmer has insisted welfare reform is still on the table as he took the blame for Tuesday’s U-turn in the face of a

    3 min read
    Economic news and events
  • 3 July 2025, 1:57 pm

    UK's Reeves insists she is 'cracking on with job' after Commons upset

    Rachel Reeves said she was ‘clearly’ upset during her appearance at Prime Minister’s Questions but insisted she was ‘cracking

    5 min read
    Economic news and events
  • 3 July 2025, 12:05 pm

    Rural UK councils to get money for remoteness cost in funding shake-up

    Rural councils in the UK are to get more money to pay for the cost of ‘remoteness’ as part of a funding shake-up, ministers

    4 min read
    Economic news and events
  • 3 July 2025, 11:49 am

    UK Chancellor Rachel Reeves appears in public day after PMQs tears

    UK Chancellor Rachel Reeves has appeared in public with Prime Minister Keir Starmer a day after breaking down in tears

    4 min read
    Economic news and events
  • 3 July 2025, 10:57 am

    UK home buyer mortgage demand eyed by lenders to soften over summer

    UK mortgage demand from home buyers is expected to soften over the summer, according to a Bank of England survey of lenders.

    L

    4 min read
    Economic news and events
  • 3 July 2025, 10:22 am

    UK service sector activity grows at fastest pace for 10 months in June

    The UK service sector grew at its fastest rate for 10 months in June, supported by increased new orders, numbers on Thursday

    3 min read
    Economic news and events
  • 3 July 2025, 7:49 am

    New NHS 10-year-plan marks start of 'major renewal'? UK PM Starmer

    A new 10-year-plan for the National Health Service marks the beginning of a ‘major programme of renewal and rebuilding that

    4 min read
    Economic news and events
  • 3 July 2025, 7:40 am

    Reeves will be UK chancellor 'for a very long time'? PM Starmer

    Rachel Reeves will be chancellor for a ‘very long time to come’, Keir Starmer has said after she was seen crying during Prime

    4 min read
    Economic news and events
  • 2 July 2025, 1:43 pm

    UPDATE: No 10 says UK PM Starmer backs Reeves after tears in Commons

    Rachel Reeves is ‘going nowhere’ and will remain as UK chancellor, Downing Street said, despite Prime Minister Keir Starmer

    3 min read
    Economic news and events
  • 2 July 2025, 1:40 pm

    UK's Reeves battles tears as PM declines to back her staying in post

    UK Chancellor Rachel Reeves appeared to cry in the Commons as Keir Starmer declined to guarantee she would remain in place

    3 min read
    Economic news and events
  • 2 July 2025, 12:24 pm

    UK rates should be cut three more times in 2025? BoE's Alan Taylor

    A Bank of England policymaker has said interest rates should be cut three more times in 2025 as he cautioned the inflation

    2 min read
    Economic news and events
  • 2 July 2025, 12:19 pm

    UK's Starmer defends welfare reform package despite climbdown over Pip

    Keir Starmer defended his welfare reform plans despite being forced into a humiliating climbdown which leaves an almost £5

    1 min read
    Economic news and events
  • 2 July 2025, 12:16 pm

    National Health Service workers in Wales vote to strike over pay

    National Health Service staff across Wales have voted to take strike action in a dispute over pay.

    Members of Unite rejected a

    2 min read
    Economic news and events
  • 2 July 2025, 11:20 am

    UK to ban 'exploitative' zero-hours contracts from 2027

    A ban in the UK on ‘exploitative’ zero-hours contracts and ‘day-one’ protections against unfair dismissal will not come into

    5 min read
    Economic news and events
  • 2 July 2025, 11:10 am

    Irish unemployment rate remains unchanged at 4.0% in June? CSO

    Ireland’s unemployment rate remain steady in June, data published by the Central Statistics Office showed Wednesday.

    The

    1 min read
    Economic news and events
  • 2 July 2025, 10:52 am

    UK PM Starmer 'doing the job for Britain'? Deputy PM Rayner

    Angela Rayner has defended Keir Starmer as ‘doing the job for Britain’ as he approaches his first year in office.

    The UK

    2 min read
    Economic news and events
  • 2 July 2025, 8:42 am

    UK minister declines to rule out tax rises; welfare climbdown warning

    There will be ‘financial consequences’ to UK Prime Minister Keir Starmer’s last-minute climbdown on welfare reform, a Cabinet

    4 min read
    Economic news and events
  • 1 July 2025, 9:05 pm

    Starmer ditches Pip benefit reforms in face of Labour revolt

    Keir Starmer was forced to abandon a key plank of his welfare reform agenda to get the legislation through its first Commons

    4 min read
    Economic news and events
  • 1 July 2025, 6:02 pm

    UK govt braces for crunch welfare reforms vote amid major rebellion

    UK Prime Minister Keir Starmer faced the most serious internal rebellion of his year-long premiership on Tuesday, as MPs

    4 min read
    Economic news and events
  • 1 July 2025, 2:05 pm

    UPDATE: UK PM defends record as biggest revolt of premiership looms

    Keir Starmer has defended his government’s record over its first year in office, all while he faces the largest revolt of his

    4 min read
    Economic news and events
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