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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.
Hongkonger Eddie Chan has made an initial deposit for this €500,000 apartment in Cullera in Spain’s Valencia. Photo: Handout
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

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Britain

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

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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.

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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.

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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Cars refuel at a BP petrol station in London, Britain, on Tuesday. Global oil prices have risen sharply amid the conflict ⁠in the Middle East. Photo: EPA
United States

Trump tells Starmer ‘do not give away Diego Garcia’ in new attack on Chagos deal

President says the UK should not lose control of Indian Ocean island by entering ‘tenuous’ lease, amid concerns about China’s growing ties there.

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Diego Garcia has long been a strategic asset for US missions. Photo: AFP
Diplomacy

Editorial | Starmer’s visit to China highlights benefits of dialogue over confrontation

While several deals were struck on the UK prime minister’s trip, the most important outcome is the willingness of the leaders of both countries to work constructively together.

China-UK relations

Britain’s Starmer hopes gift of Man United match ball scores with China’s Xi

Reviving a familiar playbook, the British leader uses football to seek diplomatic headway during an official visit to Beijing.

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Xi Jinping

Video | UK PM starts China state visit ahead of Xi meeting

Trade and the economy to top British prime minister’s agenda as London navigates ‘re-engagement’ with Beijing, analysts say.

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China-UK relations

Opinion | With China visit, Starmer makes clear he’s putting Britain first

The prime minister’s visit to China is a declaration that the UK will no longer be a simple passenger in a contest defined in Washington and Beijing.

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Illustration: Craig Stephens
Britain

‘Very deep poverty’ in Britain hits worst level in 30 years, report says

Report reveals that nearly 7 million people are living on well below the UK median income as the nation’s poorest get even poorer.

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Diplomacy

Opinion | Why UK Prime Minister Starmer’s visit to China could be historic

The British prime minister must decide whether Britain has the strength to look east and west, and not simply look inward.

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Britain

Britain’s surging Reform UK party draws big-name Tory defector

Robert Jenrick joins Nigel Farage’s Reform party as the Conservatives descend into civil war.

Former Conservative Party member Robert Jenrick with Reform UK leader Nigel Farage. Photo: Reuters
Britain

UK begins ‘world-leading’ junk food ad ban to curb childhood obesity

Restrictions on daytime television and paid online advertisements are part of a US$2.7 billion preventive health strategy.

Britain

UK’s Starmer says ousting him would lead to chaos, far-right government

Instability ‘would gift Nigel Farage’, the PM said, referring to the right-wing Reform UK leader who currently tops opinion polls.

Britain

UK ‘super flu’ crisis and doctors’ strike spark ‘worst-case’ Christmas fears

Flu cases hit record highs with a 55 per cent weekly jump as the NHS faces a planned doctors’ strike next week.

A record flu surge and looming doctors’ strike is threatening to put a strain on the UK’s health system. Photo: Shutterstock
Britain

Head of UK financial watchdog quits after early leak of Rachel Reeves’ budget

Richard Hughes said he wanted to help the Office for Budget Responsibility recover from the lapse, which is linked to leadership failures.

Britain’s Chancellor of the Exchequer Rachel Reeves speaks in the House of Commons in London on Wednesday as the government delivered its annual budget. Photo: House of Commons / AFP / Handout
United States

US-UK zero tariff deal to reshape NHS medicine spending

The agreement removes tariffs on medicines and raises NHS spending on new drugs by 25 per cent, boosting pharmaceutical growth.

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Britain

UK finance minister says did not mislead public on latest budget

Britain’s Conservatives have accused Rachel Reeves of misrepresenting the state of the nation’s finances in the run-up to her November 26 budget.

Britain

UK’s Reeves unveils tax plan amid embarrassing budget leak

In an unprecedented error, the UK’s financial watchdog apologised for publishing budget forecasts before they were delivered in parliament.

British Chancellor of the Exchequer Rachel Reeves poses with the red budget box outside her office in Downing Street in London, Britain on Wednesday. Photo: Reuters
Hong Kong society

Platform for Hong Kong BN(O) visa holders launches campaign against new UK rules

Sutton Hongkongers says people feel the UK government is ‘moving the goalposts’ by changing certain immigration rules.

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The UK government is proposing to impose stricter rules for obtaining citizenship. Photo: EPA-EFE
Britain

UK ex-PM Johnson hits back at ‘incoherent’ Covid inquiry report

Boris Johnson defends his Covid-19 pandemic response, saying he regrets errors but insists his government acted to save lives.

China-EU relations

China woos Northern Ireland with promises to boost investment, trade

Beijing seeks closer ties with Belfast at a new trade forum, with Northern Ireland offering potential entry to European market.

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