Topic
UK Economy
60 stories related to this topic, newest first.
news.sky.combusiness4 hrs ago
UK Retail Footfall Fell 3.4 Percent in June
Total UK footfall declined 3.4 percent year on year in June. High street locations recorded the largest drop at 6.2 percent while shopping centres and retail parks saw smaller declines.
The Independentbusiness4 hrs ago
New-build housing developments reach lowest level since 2017
The number of new housing developments listed for sale fell to its lowest point in nearly a decade during May. Overall homes for sale rose 85 percent from four years earlier, while data indicated the government is behind its 1.5-million-home target.
The Independentbusiness1 day ago
UK housing market shows modest signs of stabilization in June survey
Surveyors reported a slight easing in the pace of decline for buyer inquiries and agreed sales. The supply of homes listed for sale continued to tighten while rental demand strengthened.
news.sky.combusiness2 days ago
UK Average House Price Rises 0.2 Percent in June but Annual Growth Remains at 0.6 Percent
The typical UK property cost £299,330 in June as annual growth edged up to 0.6 percent from 0.5 percent in May. Mortgage rates have eased from recent highs while broader economic uncertainty persists.
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GB Newspolitics4 days ago
UK report: over one in ten factories face closure from electricity costs
A survey of 124 manufacturers found 13 percent said further electricity price increases could threaten their operations. The study estimated an £85 billion annual economic loss if closures occur.
business6 days ago
More Than 250 UK Employers Join Government Taskforce on Sickness-Related Work Absences
More than 250 of the UK's largest employers have signed up to the Get Britain Working taskforce to address unemployment linked to long-term illness. The group includes major companies and mayoral authorities and will track workplace health metrics.
espn.comfinance7 days ago
British Grand Prix at Silverstone Draws Projected 565,000 Spectators
The four-day event is expected to generate more than £100 million in regional spending. Silverstone's contract runs through 2034 and is projected to deliver over £1 billion in local economic value.
news.sky.comfinance8 days ago
UK House Prices Rise 2.2% Year Over Year in June
Nationwide reported annual house price growth of 2.2% for June, below the 2.5% forecast. Monthly prices were unchanged from May.
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uctoday.comtechnology13 days ago
Jaguar Land Rover Hack Halted Production for Months, Costing UK Economy $2.5 Billion
TechCrunch reported that Russian hackers carried out the 2025 attack on Jaguar Land Rover. The incident halted production for months and prompted a £1.5 billion UK government bailout.
techjuice.pkpolitics15 days ago
Pound reaches strongest level against Euro since August 2025
Sterling climbed to 1.162 against the Euro on Wednesday, its highest rate in nearly one year. Currency specialists advised British travelers and importers to secure euros while the rate remains favorable.
news.sky.comworld16 days ago
Nissan Considers Halting New Qashqai at Sunderland While Leaf EV Production Begins
Nissan is considering ending development of its next Qashqai at the Sunderland plant months after starting Leaf EV production there. The UK government is in advanced talks on financial support tied to long-term production commitments at the site that employs 6,000 people.
news.google.combusiness16 days ago
UK foreign direct investment projects fell 14 percent in 2025
A survey by EY recorded a 14 percent drop in overseas investment projects last year. Political instability ranked as the second-biggest concern for investors after energy costs. Greater London was the only English region to record growth.
riotimesonline.combusiness16 days ago
UK private sector activity falls to 14-month low in June
The S&P Global flash UK composite PMI registered 49.4 for June, below the 50 threshold that signals growth. The reading marks the lowest level since April 2025 and fell short of economists' expectations.
news.sky.compolitics19 days ago
Leave-voting areas recorded faster relative growth in foreign workers after 2016 referendum
A data review of Pay As You Earn records shows non-UK workers increased by a larger percentage in constituencies that voted Leave than in Remain areas between 2016 and late 2024. The same constituencies also recorded slower improvement or outright worsening in several deprivation…
politics20 days ago
UK Tax Changes Prompt Rise in Isle of Man Luxury Home Enquiries from British Buyers
Enquiries for homes over £1 million from UK residents now make up at least half of requests at one leading estate agency, more than double the share recorded 18 months earlier.
rnz.co.nzfinance22 days ago
UK Inflation Holds at 2.8% in May as Food Price Rises Slow
UK consumer price inflation remained unchanged at 2.8% in the year to May. Slower increases for meat, dairy and vegetables offset higher petrol prices.
longreads.comworld22 days ago
British Cheesemaker Finds New Export Markets in Hong Kong After Brexit
Bridge Cheese resumed overseas sales four years after Brexit disrupted European exports. The company now sells cheddar and mozzarella products to buyers in Hong Kong.
etftrends.compolitics23 days ago
UK to Receive £1.3 Billion in Clean Energy and AI Investments
British officials announced investments from French and Indian companies after G7 meetings in south-west France. The funds target battery storage, flexible energy projects, and AI operations in several cities.
app.buzzsumo.compolitics25 days ago
UK and Japan reach £18bn investment agreement
The UK and Japan have agreed an investment package under which Japanese firms will spend more than £9bn on UK infrastructure and financial services and up to £9bn on offshore wind projects. Officials said the commitments will create tens of thousands of jobs.
nippon.compolitics25 days agoUpdated
UK and Japan reach £18bn investment deal on infrastructure and energy
The United Kingdom and Japan have agreed to £18 billion in new investment focused on infrastructure, financial services, and offshore wind. The package is expected to create tens of thousands of jobs over five years.
The Independentbusiness29 days ago
Rightmove Data Shows Mixed First-Time Buyer Asking Prices Across UK With 18% Rises in Bridlington and St Helens but 20% Fall in Exeter
Rightmove analysis of May listings found average asking prices for typical first-time buyer homes rose 18% year-on-year in two northern towns while the national average fell 0.7%.
The Independentbusiness29 days ago
UK Housing Market Stabilisation Hopes Emerge as Buyer Inquiries Stop Worsening, But Sales and Prices Continue to Fall – Rics
Buyer inquiries and agreed sales held steady in May while completion times reached a record 21.5 weeks. Rents rose 2.1 percent nationally but climbed 5 percent in lower-cost areas.
morningstaronline.co.uktechnology29 days ago
Business Secretary Says He Would Have Blocked Sale of UK Chip Firm
Business Secretary Peter Kyle said he would have used government powers to stop the 2016 sale of ARM Holdings to Softbank. He spoke during London Tech Week while the government outlined new steps to retain fast-growing technology companies.
The Independentfinance31 days ago
BP Paid £1.2 Billion in UK Taxes in 2025
The energy firm reported its total UK tax payments for 2025, including amounts from the energy profits levy. The figures were released as the government considers changes to tax rules for overseas activities.
rte.iebusiness34 days ago
Bally’s Intralot Agrees £243m All-Stock Takeover of Evoke at 77% Premium
The owner of William Hill and 888 agreed to an all-stock deal valuing the company at 52p per share after two months of talks. The transaction follows UK tax increases that took effect in April.
The Independentbusiness34 days ago
UK Average House Price Falls 0.1 Percent in May
The average UK house price declined 0.1 percent month-on-month in May to £298,806, according to Halifax data. The figure represents a 0.5 percent increase from the same month last year.
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The Independentbusiness35 days ago
Eight small firms win UK growth awards at London ceremony
A kombucha producer, campervan converter and electric-bike maker were among eight national winners named at the 2026 Small Business Growth Awards. The event drew roughly 2,800 entries and was held at The Savoy on Thursday.
automotiveworld.comtechnology35 days ago
UK new car registrations rose 7% in May to strongest level since 2019
New car registrations in the UK reached 160,662 in May, a 7% increase from the same month last year. Battery electric vehicle sales grew 34.2% and accounted for 27.3% of the market.
thehindu.compolitics36 days ago
OBR Admits £60bn Borrowing Underestimate but 2025-26 Outturn Beats Forecast
The fiscal watchdog published an evaluation report Tuesday that showed its projections for 2024/25 borrowing were off by £65-66 billion. Actual borrowing reached £151 billion while growth came in at 1.4 percent instead of the 2 percent forecast.
Substrate placeholder — needs reviewpolitics38 days ago
Net Zero Sector Supports Over One Million UK Jobs and Contributes £105bn, Says CBI Report
A CBI Economics report commissioned by the Energy and Climate Intelligence Unit finds the Net Zero sector now underpins more than one million jobs and contributes £105 billion to the UK economy.
news.sky.comworld41 days ago
Nissan to Keep Sunderland Plant Open and Continue UK Manufacturing
A Nissan spokesperson told GB News the company will maintain operations at its Sunderland factory and other UK sites. The statement follows earlier reports of production cuts and workforce reductions under the Re:Nissan plan.
rte.iefinance41 days ago
Bank of England Signals Flexibility on Inflation Target to Aid Economy
The central bank indicated it may accept inflation above its 2 percent goal for a limited period. Officials cited the need to support economic activity amid current weakness.
rte.iefinance41 days ago
UK Bond Yields Decline; BOE Governor Says Further Drops Not Guaranteed
The Bank of England governor expressed hope that the recent decline in UK government bond yields will continue, while noting the outcome will depend on developments in the Middle East.
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The Independentbusiness41 days ago
Study Finds Digital Banking Tools Save UK Households £3,500 Over Ten Years
Research commissioned by Lloyds Banking Group estimates that wider use of banking app features could generate around £100 billion in national economic value. The study identifies seven areas where digital tools may help users reduce costs or improve returns.
GB Newsworld43 days ago
Airbnb Reports 11 Percent Rise in UK Staycation Searches for Summer 2026
Airbnb data show rural UK destinations recording the largest year-on-year growth in British searches ahead of summer 2026. Herefordshire leads the list with a 76 percent increase.
rnz.co.nzbusiness45 days ago
UK Food Prices Remain Elevated After Middle East Events and Weather Patterns
A report from the Energy and Climate Intelligence Unit finds that UK grocery prices recover slowly after global shocks. Food costs have risen more than 40 percent since mid-2021, with bread and pasta among items staying high.
rnz.co.nzworld47 days ago
UK Chancellor Announces Cuts to Food Tariffs and VAT on Children's Activities
Chancellor Rachel Reeves introduced tariff reductions on about 100 imported food items and lowered VAT to 5 percent on children's meals and summer attractions. The package also includes free summer bus travel for children and a higher tax-free mileage allowance for work-related d…
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japantimes.co.jpworld48 days ago
UK Chancellor Announces Summer Cost of Living Measures
Chancellor Rachel Reeves unveiled a package of temporary measures aimed at easing financial pressures for families during the summer holidays. The steps include reduced VAT on attractions, free bus travel for children, and a delay in fuel duty increases.
IN
order-order.comworld48 days ago
UK Public Sector Borrowing Reaches Highest April Level Since 2020
Public sector borrowing totaled £24.3 billion in April, exceeding forecasts and rising £4.9 billion from the prior year. Retail sales volumes declined 1.3 percent, led by a 10.2 percent drop in motor fuel sales.
ibtimes.co.ukfinance48 days ago
Long-Dated Gilt Yields Set for Largest Drop in Two Years
Yields on long-dated British government bonds began the week at their highest level in nearly 30 years. Market data now indicate they are positioned for their steepest single-week decline since 2023.
ansa.itworld49 days ago
UK Consumer Confidence Falls in May as Energy Costs Rise
A survey found that confidence among Britain’s lowest earners dropped sharply in May. Average-income households also reported using savings for daily expenses amid higher energy prices.
bbc.co.ukfinance49 days ago
UK Finance Minister Says Government Ready to Act on Energy if Conditions Worsen
The UK finance minister stated that the government stands ready to intervene in energy markets if conditions deteriorate later this year. The remarks addressed potential risks to household bills and supply stability.
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finance49 days ago
UK Business Activity Declined in May for First Time in Over a Year
A survey showed UK business activity fell in May for the first time in more than a year. Domestic political uncertainty and effects from the Middle East war contributed to the decline.
gizmodo.comworld49 days ago
UK Government to Announce Cost of Living Measures Without Universal Energy Bill Support
Officials will outline steps to ease household costs this week. The package includes a fuel duty freeze and free bus travel for children in August. No broad energy bill assistance is planned for the summer period.
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forbes.compolitics50 days ago
Report Examines Former Official's Role in Past UK Financial Decisions
A new report details decisions made by a former UK finance official in the late 1990s and 2000s. The analysis covers gold sales, bank support, and currency policy.
indiatoday.intoday.inworld50 days ago
UK Government to Cut Import Tariffs on Food and Offer Free Bus Travel
Officials plan tariff reductions on more than 100 imported products and a free bus travel scheme for children in England during August. The measures are projected to save consumers over £150 million annually.
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finance.yahoo.comfinance50 days ago
UK Treasury Seeks Voluntary Price Controls on Supermarket Items
The Treasury is seeking voluntary agreements with retailers to cap prices on certain supermarket goods. Backlash from industry groups has raised questions about the plan's viability.
BBC Newsworld50 days ago
UK Government Discusses Voluntary Grocery Price Freeze with Supermarkets
Treasury officials held talks with retailers about freezing prices on items such as milk, bread and eggs. Ministers said no mandatory cap would be imposed.
The Timesbusiness51 days ago
U.K. Treasury Discusses Price Freeze on Essential Foods with Supermarkets
The Treasury is in talks with supermarkets about a voluntary price freeze on items such as eggs, bread and milk. The discussions aim to offset higher costs expected from the closure of the Strait of Hormuz.
koreaherald.comworld51 days ago
UK Government Urges Supermarkets to Limit Food Price Increases
The Treasury has asked retailers to freeze price rises on certain groceries in exchange for easing packaging rules and delaying healthy food regulations. The British Retail Consortium called the approach 1970s-style price controls that would force sales at a loss.
vancouversun.comfinance52 days ago
IMF Staff Advises UK Government to Maintain Deficit Reduction Path
IMF staff recommended that the UK government continue its deficit reduction efforts amid market pressures and implementation risks. The advice comes as the government faces economic challenges.
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The Independentfinance53 days ago
UK Ranks Highest Among Major Economies for Property Tax Share of GDP
A report by tax firm Ryan found that the UK has the highest commercial property tax burden relative to GDP among major economies. Business rates receipts are projected to reach £37.1 billion in the 2026/27 financial year.
thecanary.cobusiness53 days ago
UK Businesses Pause Investment and Hiring Plans Over Iran Conflict
Surveys show more than half of medium-sized UK firms cite higher energy and fuel costs as their main challenge. Vacancies fell 7.7 percent in April to 711,733.
agriculture.einnews.comworld55 days ago
Beckhams Reach Billionaire Status on Sunday Times Rich List
The Sunday Times Rich List estimates Sir David and Lady Beckham's combined wealth at £1.1bn, making him the first UK billionaire from sports. Oasis brothers Noel and Liam Gallagher appear on the list for the first time with an estimated £375m. The list, which ranks the UK's 350 r…
The Guardianworld55 days ago
CAA Review Proposes Competition in Heathrow Third Runway Construction and Operation
The Civil Aviation Authority has published a review calling for changes to Heathrow's regulatory model that would require the airport to seek bids from other firms for parts of its expansion. Ministers backed plans for the third runway to operate by 2035 last November, even as th…
abcnews.go.compolitics56 days ago
Wes Streeting Resigns as Health Secretary After Labour’s Poor Local Election Results
Health Secretary Wes Streeting quit on May 14, 2026, stating that Prime Minister Keir Starmer will not lead Labour into the next general election. Angela Rayner cleared tax issues that had removed her from Cabinet last year and said she stood ready to play her part in any leaders…
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swissinfo.chworld56 days ago
UK Economy Grew 0.6% in First Quarter of 2026
Official figures show the UK economy expanded 0.6 percent from January to March 2026, outperforming recent trends despite the Iran war. GDP per capita recorded its fastest growth in four years. The UK currently leads G7 growth, contrary to an earlier IMF forecast that it would be…
rismedia.comworld57 days ago
UK Estate Agents Report Weaker House Price Expectations in April Survey
A closely watched survey found more UK estate agents reported declining house prices in April. The war in Iran and elevated borrowing costs both hit buyer confidence. The survey covers house prices across the UK.
The Timesfinance57 days ago
Vistry Cuts New-Build Prices by Average 6% and Lifts Sales Rate by One-Third
Britain’s second-biggest housebuilder reported stronger open-market sales in 2026 after reducing prices and offering more incentives, but said the moves will leave first-half pre-tax profits significantly lower than a year earlier. Vistry now forecasts adjusted pre-tax profit of…
The Independentscience57 days ago
UK Survey Shows Households Stockpiling Cash and Supplies for Emergencies
A March survey found 17 percent of UK households keep physical cash at home for emergencies, while nearly half have battery-powered torches and supplies of tinned goods. The research also shows continued decline in cash usage, with 61 percent having used physical currency in the…