Economy

Sir Keir Starmer is set to take the UK’s overseas aid budget to its lowest level as a percentage of national income since records began. This decision marks a dramatic …

A UK startup, Volklec, has announced plans to manufacture batteries for electric vehicles, boats, construction equipment, and aircraft, taking a calculated approach to avoid the pitfalls that have hindered previous …

Prioritizing plug-in hybrid cars instead, British sportscar company Aston Martin EV has revealed yet another delay to their first battery-electric vehicle (BEV). Reversing from the earlier stated 2026 aim, the …

New research shows that the net zero industry is growing three times faster than the whole UK economy, generating high-paying employment all throughout the nation while lowering climate-heating emissions and …

Thirty English local authorities have been given financial bailouts, enabling them to borrow money to prevent going bankrupt. The choice comes as underfunding and extreme demand for social care and …

Rising to 3% from 2.5% in December, UK inflation in the year to January surged significantly. In ten months, this represents the quickest rate of price rise. Higher food prices, …

The UK economy growth is on course to grow by 1.5% this year, after an optimistic revision in its growth forecast, thanks to a boost in public spending. However, the …

Last week, global markets were taken aback when Catherine Mann, a Bank of England policymaker, voted to support a half-point reduction in UK interest rates. She had previously opposed the …

The average yearly leasehold service charges for a flat in England and Wales has soared by an inflation-busting 11%, currently reaching £2,300. The leasehold service charge is now one of …

Interest rates have been lowered once more in the UK, with a noteworthy half-percentage-point drop receiving unexpected attention. This occurs since it is predicted that economic stagnation will continue into …