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How UK–Europe Trade Is Driving the Next Generation of Manufacturing

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Economy

Spring statement: Iran war casts shadow over UK economic recovery

Chancellor Rachel Reeves sought to strike an upbeat note on Tuesday on the state of the UK economy, even as oil and gas prices surged in the wake of the fast-evolving war with Iran.

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Open for Business | UK – Europe Trade Reset

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A new phase in the UK’s economic relationship with Europe is taking shape – defined by practical partnership and a clear focus on long-term economic opportunity. For European companies, the message from the UK is increasingly clear: Britain is open for business.

United Kingdom

Record number of people in UK live in 'very deep poverty', study shows

About 6.8 million people — almost half of all of those in poverty — are living in "very deep poverty" in the UK, the Joseph Rowntree Foundation warns.

Economy

A decade of Brexit: Britain falls behind peers in trade and growth

Economic analysis shows UK GDP per capita grew up to 10% less than similar nations as firms froze spending and productivity slipped.

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Economy

UK budget: Record-high tax measures see positive market reaction

Britain's Chancellor of the Exchequer Rachel Reeves announced tax-raising measures, including new duties on high-value properties, dividends, and savings, in the state budget presented on Wednesday.

Economy

What’s at stake in the UK Autumn Budget? Here are the points to watch

UK Chancellor Rachel Reeves faces the challenge of raising an estimated £20-30bn, with both her and the government’s credibility on the line.

Markets

What has been driving the significant decline in stock markets?

Global shares fell on Friday amid mounting concern over stretched tech valuations and renewed uncertainty about whether the US Federal Reserve will cut interest rates.

Economy

BoE keeps rates steady at 4% as economy shows signs of slowing

The UK's annual rate of consumer price inflation is standing at 3.8%, nearly double the bank’s 2% target.

Business

Jaguar Land Rover cyberattack drives UK car production to 73-year low

UK factories built 35.9% fewer vehicles in September after major manufacturer JLR was knocked offline by a cyber incident. Now the sector is accusing Westminster of unfairly taxing its own workers, putting Britain’s economy at risk.

Economy

Inflation in the UK remains high, sitting at 3.8% in September

Consumer prices remained almost twice as high as the Bank of England’s 2% target in September.

Economy

Bank of England holds key rate at 4% with inflation above target

The decision comes as no surprise as inflation in the UK remains stubbornly high, almost double the central bank's 2% target.

Economy

Why a decline in the UK's university sector is a threat to GDP

UK universities face a funding crisis that could cost the overall economy, but mostly impact a few already fragile regions, said Oxford Economics in a recent report.

Economy

The UK economy grows despite tariff pressures, outpacing G7 peers

While not comparable to the growth at the beginning of the year, July's numbers are bigger than predicted and signal a greater resilience than other top G7 economies.

Economy

The UK’s weak economic growth and Brexit: Is the worst over?

The UK’s decision to leave the European Union has left lasting impacts on the country’s economy. While many of the repercussions appear to be longstanding, including low productivity, Euronews Business asked experts whether they think the worst is over.

Economy

Bank of England holds interest rates amid intensifying inflation risks

As widely expected, the Bank of England kept interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States. This would likely send oil prices soaring and push UK inflation further above target.

Economy

US and UK sign a trade deal, but steel imports are still in question

The two leaders agreed on the details of how to implement the trading terms disclosed last month, including lowering tariffs on key British exports and opening the door of the UK to US imports.