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November 16, 2025

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Economic policy

UK homeowners face huge rise in payments when fixed-rate mortgages expire

More than 2.4m deals are ending in 2024, raising fears of financial timebombMore than a quarter of UK homeowners on a fixed-rate mortgage are heading for sharp increase in monthly payments before the next election, in a financial timebomb that will roc…

June 17, 2023
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UK exports in last decade worse than any G7 country except Japan

UN figures show value of British goods and services exports rose by 6% between 2012 and 2021, compared with 29.1% for EUBritain has endured the worst exports record of any member of the G7 besides Japan over the last decade, according to a new analysis…

June 13, 2023
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Atlantic declaration shows Sunak and Biden’s willingness to simply make do

Although a slightly haphazard set of pledges, it accepts world has moved on from Brexit and 2019 UK electionUK politics live – latest updatesIf Rishi Sunak’s two-day visit to Washington demonstrated anything, it was the vital but sometimes neglected po…

June 9, 2023
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Rishi Sunak and Joe Biden sign ‘Atlantic declaration’ but hope of trade deal ends

Landmark agreement moves UK firmly into US economic orbit but falls far short of full trade deal Tories promised in 2019Rishi Sunak and Joe Biden have announced a deal for transatlantic cooperation that moves the UK firmly into the US administration’s …

June 8, 2023
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Biden and Sunak hold press conference as new transatlantic deal unveiled – live

US president and UK prime minister announce plan to bolster economic security in response to China’s growing influenceThe North Sea oil and gas industry is in decline, the shadow business minister Seema Malhotra said, as she defended plans to block new…

June 8, 2023
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No point in food price measures without targeting small stores, Which? warns

Consumer group tells chancellor ‘blanket approach’ will not address poor households’ access to affordable foodUK ministers’ efforts to reduce soaring food shopping bills “won’t touch the sides” without measures to make small grocery stores more afforda…

June 5, 2023
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Cameron-Osborne austerity years cost UK dearly when Covid struck, says TUC

Union body claims policies left Britain ‘hugely unprepared’, in report before opening hearing of inquiryYears of austerity overseen by David Cameron and George Osborne left Britain “hugely unprepared” for Covid, with consequences that were “painful and…

June 5, 2023
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Brexit will be known as ‘historic economic error’, says former US treasury secretary

Larry Summers says departure from EU ‘contributed to higher inflation’ and calls economic policy ‘substantially flawed’UK politics live – latest updatesBrexit will be remembered as a “historic economic error”, which damaged the UK economy and has helpe…

June 1, 2023
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Sure Start director says childcare reform is for UK economy not children

Naomi Eisenstadt, first programme lead, says there is lack of attention on what childcare is actually forNaomi Eisenstadt remembers her excitement as she started as the first director of the government’s Sure Start unit in 1999.“I felt like Lyndon John…

May 28, 2023
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Rishi Sunak warned over possible UK recession in 2024

High inflation likely to push interest rates above 5% and force up mortgage and loan payments just ahead of electionHunt will back more rate rises even if they lead to recessionHouseholds warned to brace for 5%-plus mortgage ratesRishi Sunak has been w…

May 26, 2023
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