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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 Andy Burnham. Photo: dpa
Britain

UK’s Burnham vows to end ‘subscription traps’ amid cost-of-living crisis

New rules would force companies to make cancelling contracts as easy as joining.

Britain

France condemns Farage-led plan to deploy British navy against Channel migrants

Britain

UK’s Burnham signals support for written constitution

Britain

UK’s PM Burnham vows to fix Britain’s ‘unfair’ adult care system

Burnham did not rule out tax rises to fund a new scheme as part of efforts to overhaul Britain’s social care system.

Britain’s Prime Minister Andy Burnham meets residents as he visits social care organisation Jewish Care, in northwest London on Wednesday. Photo: AFP
Britain

UK’s Burnham ‘putting Britain first’ as he rules out 2029 election

Britain’s new Prime Minister Andy Burnham ‘will always put Britain’s interests first’ when asked if he would call out US President Donald Trump.

Britain

New UK PM to cut taxes for struggling pubs: ‘drop in the ocean’

Ministers did not say how the cut, which is expected to cost government finances around £100 million a year, would be funded.

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Britain

UK’s Burnham eyes lower energy bills in first move as PM

This is the first of several early moves to ease a cost-of-living crisis and quell anger over previous governments’ failure to bring change.

Britain’s Prime Minister Andy Burnham (middle) attends his first cabinet meeting as prime minister at 10 Downing Street, London on Tuesday. Photo: via AP
Britain

China’s Li congratulates Andy Burnham on becoming Britain’s new prime minister

Li said strengthening dialogue and cooperation between ⁠China and the UK will benefit ‌the nations and ‘inject stability into global ‌peace’.

Britain

UK’s new PM Andy Burnham vows to end years of instability

After being formally appointed by King Charles, Burnham promised a 10-year plan to restore political stability and revive the economy.

Donald Trump

Trump welcomes reports Andy Burnham could open up North Sea oil drilling

People in the Scottish city of Aberdeen will be ‘dancing in the streets’, Trump said. Britain’s incoming PM has not confirmed the reports.

US President Donald Trump speaks to reporters in flight on Air Force One after landing at US Air Force Base at RAF Mildenhall, in Suffolk, England on July 8. Photo: AP
European Union

Opinion | As the UK discusses an EU return, Hong Kong offers lessons

Like Hong Kong, which functions as a special administrative region of China, could the United Kingdom rejoin the European Union with a special administrative name?

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Workers remove a Union Jack flag, near the Elizabeth Tower, commonly known as Big Ben, on May 14. Photo: Reuters
Britain

‘End of my political journey’: UK’s Starmer takes last questions session

The prime minister, who steps down next week, says he is leaving Britain ‘in better shape than I found it’.

Britain

UK’s likely next prime minister to unveil plan to shift power from London

Andy Burnham to push for more local decision-making in a major speech after returning to national politics.

Britain

Opinion | UK’s revolving door of prime ministers reveals a deeper malaise

Britain’s democratic institutions can endure instability, but this does not translate into an ability to deliver sustained national renewal.

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Andy Burnham is sworn in as the member of parliament for Makerfield in the House of Commons chamber in London on June 22, following the resignation of British Prime Minister Keir Starmer. Photo: EPA
Diplomacy

Editorial | Even as Starmer goes, Britain’s pragmatic China stance likely to stay

Andy Burnham, tipped to succeed Starmer, is not an outspoken critic of Beijing and engagement is set to continue despite broader geopolitical tensions.

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Andy Burnham, Labour MP for Makerfield, celebrates after his swearing-in at the Houses of Parliament on June 22. Photo: Getty Images/TNS
Britain

After 6 prime ministers in 10 years, can anyone fix the UK?

Keir Starmer quit less than two years after a landslide win. His successor will be the seventh prime minister since Brexit in 2016.

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Britain

Burnham’s road to 10 Downing Street: how will Starmer be replaced?

With Andy Burnham emerging as the clear front-runner to lead Britain, here’s what could happen next.

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Britain

‘Sort of a friend’: Trump takes parting shot at UK’s Starmer

US leader offers his thoughts after UK Prime Minister Keir Starmer announces resignation.

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Britain’s Prime Minister Keir Starmer and US President Donald Trump at the recent G7 summit in Evian, France,. Photo: AFP
International Property

Spain’s property market sees boost as Hongkongers, others, depart UK and Canada

As the cost of living rises, some Hongkongers living in the United Kingdom and Canada are set to move to Spain under the NLV scheme.

Hong Kong society

Nearly 10,000 Hongkongers granted permanent UK residence under BN(O) scheme

British National (Overseas) visa pathway was launched five years ago.

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Britain

Turning over a new leaf: why UK’s green mandate is a win for Asia

The Green Party’s record-breaking gains in UK council elections are a sign voters are taking climate change seriously, analysts say.

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Members of the Green Party celebrate a win in Bellingham in south London on May 9. Photo: EPA
Britain

UK health minister quits, calls for leadership contest to oust PM Starmer

Health Minister Wes Streeting is the first senior minister to quit after days of calls by Labour lawmakers for Starmer to step down.

Sunlight shines on 10 Downing Street in central London on Thursday. Britain’s Health Secretary Wes Streeting, a potential rival to Britain’s Prime Minister Keir Starmer, announced his resignation on Thursday. Photo: AFP
Britain

UK PM’s biggest political challenge overshadows King’s speech

According to reports, Health Minister Wes Streeting was preparing to resign as early as Thursday to challenge Starmer.

Britain

UK’s Starmer to ‘get on with governing’, defies calls to quit

At a meeting of his cabinet, there was no official move to trigger a leadership contest even as three junior ministers quit.

Britain

UK’s Starmer under renewed pressure to quit as revolt grows

Home secretary and deputy PM reportedly join calls for a leadership transition as several aides resign.

Britain’s Prime Minister Keir Starmer on Monday. Photo: PA via AP
Britain

Ex-minister tells UK cabinet to boot Starmer or she’ll challenge him herself

Catherine West’s ultimatum comes amid calls for his resignation after Labour’s crushing defeat in local elections.

Britain’s Prime Minister Keir Starmer reacts as he prepares to leave the Elysee Presidential Palace in Paris in April. Photo: AFP
US, Israel war on Iran

Starmer calls emergency meeting on Iran war’s economic impact on UK

Stretched public finances and dependence on imported gas leave Britain exposed to the energy war in the Middle East.

Britain

UK eyes ‘targeted’ support for households amid rising energy costs

Finance chief Rachel Reeves says there are plans to help those vulnerable to sharp rises in energy prices, especially those who rely on heating oil.

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