Bank of England holds rates, warns against premature cut expectations
The Bank of England held interest rates at 4.5 per cent and warned against assumptions that they would be cut over its next few meetings as it grappled with deep uncertainty ...
UK pay rises align with inflation
Pay increases granted by British employers have fallen back in line with inflation for the first time since October 2023, according to data from human resources data firm Brightmine that is ...
World War Two steam train ‘Canadian Pacific’ returns to the rails in England
The ‘Canadian Pacific’, a 1940s steam train that took soldiers and supplies to England’s south coast during World War Two, returned to service on Wednesday, taking on board volunteers ...
New evidence casts doubt on nurse Letby’s baby murder convictions
A public inquiry examining how British nurse Lucy Letby was able to murder babies in her care should be suspended because new evidence casts real doubt on her convictions, the ...
Britain’s growth risks put bond investors on high alert
Britain’s public finances, strained by growing debt and sluggish growth, face a crucial test this month that investors say could prompt another market shock to an economy that is ...
UK: significant number of nations ready to provide troops for Ukraine peace
A “significant number” of countries are willing to provide peacekeeping troops in Ukraine in the event of a peace deal with Russia, a spokesperson for British Prime Minister Keir Starmer ...
UK housing market cools sharply as tax break deadline looms
Britain’s housing market had its slowest month in more than a year in February as a rush by buyers to close deals ahead of the expiry of a tax ...
UK retail sales slow after January bounce, BRC data shows
British consumer spending lost momentum last month after a bounce at the start of the year, despite households’ rising confidence in their personal finances and the broader economy, surveys of ...
UK abolishes payments regulator in red tape shake-up
Britain’s payments regulator will be abolished and its remit absorbed by another financial regulator, the government said this week, as it aims to cut red tape in favour of ...
Bank of England appoints new chief operating officer
The Bank of England (BoE) said on Wednesday it appointed Sarah John, the central bank’s current Chief Cashier, as its new Chief Operating Officer.
John will be replaced by ...
UK pollution fears ease after cargo ship crash, Russian captain still in detention
Fears of an environmental disaster eased on Wednesday, two days after a container ship ploughed into a stationary U.S. fuel tanker off northeast England, as the vessel’s owner ...
Bank of England allots most money since 2020 at indexed long-term repo
The Bank of England said it allotted 2.127 billion pounds ($2.75 billion) of six-month funds to banks at an indexed long-term repo operation on Tuesday, the most since April 2020 during the early ...
Tatar: We do not see the UK as a neutral guarantor
Turkish Cypriot leader Ersin Tatar on Tuesday said he does not see the United Kingdom to be a neutral guarantor power of Cyprus.
“I wanted the motherlands present at the ...
Fires burn after ships collide off UK, stoking fears over environment
Fires continued to burn on Tuesday after two ships collided off the coast of northeast England a day earlier, adding to concerns the jet fuel carried by one and toxic ...
UK hiring cools, starting salaries rise at slowest pace in four years
Britain’s jobs market cooled in February as the pace of hiring slowed and starting salaries rose by the least in four years, according to a survey on Monday that ...
Tanker, cargo ship collide off UK coast causing blaze and casualties
A chemical tanker and container ship collided off the northeastern coast of England on Monday causing a huge fire on at least one of the vessels and leading to numerous ...
Britain’s top banks clocked up 33 days’ worth of IT glitches in two years
Britain’s Treasury Committee has announced that nine top UK banks and building societies suffered at least 803 hours of unplanned tech and systems outages in the last two years, blocking ...
UK services job cuts intensify before employment tax hike
British services firms in February cut staff at the fastest pace since 2020 ahead of tax and minimum-wage hikes that come into effect next month, an industry survey showed this week.
...
Man climbs London’s Big Ben tower waving Palestinian flag
A man waving a Palestinian flag climbed the Big Ben tower at London’s Palace of Westminster early on Saturday, with local media reporting he shouted “free Palestine”.
A spokesman ...
Heathrow mulls shorter third runway to cut expansion costs
Britain’s Heathrow Airport is weighing changes to its previous expansion blueprint in a bid to cut costs and has been evaluating options such as building a shorter third runway, ...
Turkish Cypriot side will act ‘in constructive manner’, Tatar tells Doughty
The Turkish Cypriot side will act “in a constructive manner” at the forthcoming enlarged meeting on the Cyprus problem to be held in the Swiss city of Geneva, Turkish Cypriot ...
UK government planning £6 billion in welfare savings, ITV News reports
The British government is planning to make more than £6 billion in welfare savings, ITV News reported on Friday, as Chancellor of the Exchequer Rachel Reeves seeks to balance the books.
...
Doughty holds ‘constructive’ meetings in Nicosia ahead of Geneva talks
The United Kingdom’s minister of state for Europe Stephen Doughty had “very constructive meetings” on Friday in Nicosia, “particularly discussing issues relating to our bilateral relationship, the geopolitical circumstances ...
Modern slavery cases in Britain reach record high
The number of potential modern slavery victims in Britain rose to a record last year, official statistics showed on Thursday, highlighting a growing crime that experts say requires the government ...