Category: News

UK Chancellor Rachel Reeves will attend IMF talks in Washington to push for free global trade and urge the US to lift tariffs on British exports amid rising economic uncertainty and global market turmoil.

The UK government has been accused of “sabotaging” its own tourism industry after new figures revealed that international visitor spending fell by more than £2 billion in 2024 compared to pre-pandemic levels, despite a global recovery in travel.

OBR warns 8.3 million people will pay more tax by 2029-30 due to frozen thresholds, as fiscal drag quietly raises the UK’s tax burden to its highest level since WWII.

TUC’s Paul Nowak defends the Employment Rights Bill, dismissing claims it will damage economic growth. He says better job protections are vital to ending low-paid, insecure work in the UK.

The pound hits a seven-month high and gold soars above $3,500 as investors flee stocks amid fears over Trump’s escalating attacks on the US Federal Reserve. Global markets respond to uncertainty.

Britain plans major expansion of weapons manufacturing to reduce dependence on US and French imports amid rising global tensions. BAE Systems leads efforts with new explosive production sites.

Gatwick Airport was the UK’s least punctual in 2024, with flights delayed by over 23 minutes on average. Air traffic control issues cited, as other UK airports show improvement in delay times.

UK drone regulations could change by 2026, enabling beyond-visual-line-of-sight operations to deliver NHS supplies, inspect wind turbines and support offshore rigs. Discover how this innovation could transform public services.

Jacob Corlett, CEO of Shift, seeks injunction to halt changes to Yodel following InPost’s £106m acquisition. Legal battle intensifies amid ownership disputes and High Court claims.

UK mortgage completions soared in March as homebuyers scrambled to complete before April’s stamp duty threshold cuts. First-time buyers saw a 70% spike, but signs of a slowdown are emerging.

As tensions escalate over Trump’s 145% tariffs on Chinese exports, analysts warn Beijing against selling US bonds, highlighting risks to China’s currency, portfolio value and economic stability.

Zopa CEO Jaidev Janardana says London’s political stability could boost its appeal for IPOs as US markets face growing uncertainty. Read more on why Zopa may favour a UK float over New York.

UK officials have raised the classification of sensitive trade documents to “secret” to prevent US access amid Trump’s tariff war, reflecting strains in the special relationship.

New labour market stats show employment rates for over-50s lagging behind, risking government’s 80% employment pledge. Experts call for targeted policies to support older workers.

Polish delivery giant InPost has taken over struggling parcel firm Yodel by converting £100m of debt into equity, creating the UK’s third-largest logistics operator.