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July 17, 2025

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Economic policy

UK ‘may need 92,000 extra public workers if fall in productivity continues to 2030’

Report suggests Rachel Reeves could be forced to spend £5.1bn if last year’s downward trend continuesThe chancellor, Rachel Reeves, could be forced to spend more than £5bn and employ 92,000 extra workers across the public sector if declines in producti…

May 19, 2025
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Wealthy Britons avoiding more tax than thought, spending watchdog says

NAO reports £1.9bn tax gap for wealthy individuals and urges ministers to redouble efforts to secure more revenueWealthy individuals in Britain could be avoiding more tax than thought, the government’s spending watchdog has said, after a dramatic fall …

May 16, 2025
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UK asking other countries to host ‘return hubs’ for refused asylum seekers, Starmer confirms – as it happened

PM on trip to announce increased cooperation against people smugglers alongside Albania’s prime minister, Edi Rama. This live blog is closedAll Commons Speakers, at least for the past 30 years, have complained about the government making major announce…

May 15, 2025
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UK economy defies gloomy warnings to grow 0.7% in first quarter of year

Expansion came despite looming tax rises and tariffs but economists predict growth will weaken in coming monthsThe UK economy grew by 0.7% in the first three months of the year, according to official figures, defying business warnings of a collapse in …

May 15, 2025
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London dominates England’s social mobility league with top 20 places

Sutton Trust ‘opportunity index’ measured factors such as children on free school meals passing key GCSEsThe top 20 constituencies with the best social mobility in England are all in London, according to research from a leading education charity that u…

May 15, 2025
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British plane parts ‘exempted from Trump tariffs’ as US trade deal progresses

Boost to £40bn UK aerospace industry as Rolls-Royce engines and aircraft parts reportedly excused by US commerce secretary British plane parts are set to be exempted from US import tariffs as part of the evolving trade agreement with Donald Trump’s adm…

May 11, 2025
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Two trade deals and a rate cut in one week … are things looking up for UK plc?

Analysts say the news boosts business confidence, helps an EU trade reset and shows the UK is a good place to invest – but it’s unlikely to turbo-charge GDPYou wait three years for a trade deal and then two come along at once.As of Monday, the UK had n…

May 9, 2025
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New UK/US trade deal is a relief for Starmer but doubts, and tariffs, remain

The deal definitely puts the UK in a better position, but its impact on the wider economy might be limitedTrump and Starmer confirm ‘breakthrough’ US-UK trade dealAston Martin and Rolls-Royce share prices soar as manufacturers welcome US tariff cutsThu…

May 8, 2025
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UK interest rates fall to 4.25% as Bank of England announces a quarter-point cut

Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war falloutExplainer: what does it mean for mortgages and savings?Analysis: mood-boosting rate cut is a fillip for Reeves but leaves future uncertainBusiness live – l…

May 8, 2025
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Domestic economic woes will wreck Reeves’ budget plans, says thinktank

The forecast said low growth would place the Bank of England in difficult position ahead of next interest rate decisionSlow growth and persistent inflation will wreck Rachel Reeves’ budget plans and increase the likelihood of further tax rises in the a…

May 8, 2025
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  • Exclusive: Military contractor says she was fired for noting problem that ‘jeopardized the safety of U.S civilians and troops’ July 17, 2025

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