English Newsletters Events Podcasts Videos Africanews Search

British economy

Economy

UK economy grows 0.7% in third quarter as AI demand lifts output

ADVERTISEMENT

ADVERTISEMENT

Economy

UK inflation hits four-month high of 2.9% as energy bills soar

A 13% jump in the energy price cap drove UK inflation to 2.9% in July, the sharpest gas price rise in almost four years.

Economy

New UK PM touts 'cost of living government' with tax cut and £2 buses

Andy Burnham has used his first days in Downing Street to scrap the 5% VAT charged on household electricity bills and cap single bus fares in England at £2, telling his new cabinet that Britain now has a "cost of living government".

Business

China ‘firmly opposes’ UK nationalisation of British Steel

The UK government announced on Thursday that it had passed legislation to nationalise British Steel, previously owned by China’s Jingye Group, to protect the country’s steelmaking capacity after Jingye moved to shut the company’s blast furnaces.

Economy

A decade after Brexit, Britain weighs costs and gains

Ten years to the day since Britain voted to leave the EU, the economic reckoning is neither the collapse its opponents feared nor the renaissance its champions promised, and the anniversary arrives with the country once again leaderless, after Sir Keir Starmer's resignation on Monday.

ADVERTISEMENT

Economy

Bank of England holds interest rate at 3.75% as inflation steadies

The Bank of England left its key interest rate unchanged at 3.75% for a fourth consecutive meeting after fresh data showed inflation holding steady and the labour market continuing to cool without a sharp deterioration.

Economy

UK economy shrinks in April as the Iran war energy shock takes a toll

Britain's economy contracted by 0.1% in April, the first monthly fall since August 2025, as the conflict in the Middle East pushed up energy costs and prompted households to rein in their spending.

Markets

How UK 30-year bonds reached the highest yield this century

Investors are demanding significantly higher returns to hold British debt as 30-year gilt yields reached levels not seen since 1998 this week. The surge represents a major challenge for the UK Treasury but why did it happen and what does it mean exactly?

Partner content

Inside Europe’s Supply Chains: Why Companies Source From The UK

Partner content presented by DBT

European manufacturers increasingly build their supply chains across borders, drawing on suppliers, skills and production in multiple countries. For companies like Bosch, the UK plays a specific role within that network, contributing a unique set of skills and expertise.

Economy

UK inflation hits 3.3% as Iran war drives energy costs higher

British consumer prices rose at a faster pace in March, reaching 3.3% as the ongoing Iran war sent fuel prices soaring. The data has forced markets to reassess expectations for the Bank of England, with a previously anticipated interest rate cut next week now looking very unlikely.

Partner content

How UK–Europe Trade Is Driving the Next Generation of Manufacturing

Partner content presented by DBT

From electric vehicle batteries to aircraft wings, many of the products shaping Europe’s future are not made in one country alone. They are built across borders – with parts, expertise and technology moving between states – including between mainland Europe and the UK - at every stage.

Economy

Bank of England holds rate at 3.75% amid Iran war inflation fears

The Bank of England has held its main interest rate at 3.75% in the wake of rising oil and gas prices following the start of the Iran war.

Partner content

Why the UK is Europe’s Technology Partner of Choice

Partner content presented by DBT

As the UK and Europe reset their trading relationship, technology is emerging as one of the most dynamic areas of cooperation.

Partner content

‘Starting from a strong base’: Ceri Morgan on resetting the UK–Europe business relationship

Partner content presented by DBT

Trade between the UK and Europe has been shaped by geography, shared supply chains and decades of economic integration. Through changes of government, the commercial ties between them have remained deep and structurally significant.

Economy

Spring statement: Iran war casts shadow over UK economic recovery

Chancellor Rachel Reeves sought to strike an upbeat note on Tuesday on the state of the UK economy, even as oil and gas prices surged in the wake of the fast-evolving war with Iran.

Partner content

Open for Business | UK – Europe Trade Reset

Partner content presented by DBT

A new phase in the UK’s economic relationship with Europe is taking shape – defined by practical partnership and a clear focus on long-term economic opportunity. For European companies, the message from the UK is increasingly clear: Britain is open for business.

24 February 2026

United Kingdom

Record number of people in UK live in 'very deep poverty', study shows

About 6.8 million people — almost half of all of those in poverty — are living in "very deep poverty" in the UK, the Joseph Rowntree Foundation warns.

27 January 2026