Britain prioritising jobs in Tata Steel talks: Minister

Britain prioritising jobs in Tata Steel talks: Minister

Britain‘s new government is prioritising avoiding job losses in talks with Tata Steel over government backing for a transition to lower-carbon technologies, business minister Jonathan Reynolds said on Sunday. Tata, Britain’s biggest steel producer, started closing one of its carbon-intensive blast furnaces on Thursday while the shutdown of its other one is slated for September, … Read more

UK wages expected to feed pressure for BoE rate hikes

UK wages expected to feed pressure for BoE rate hikes

Britain‘s inflation fever may be starting to break, but data due out this week is expected to show the economy has more cooling to do before the Bank of England can change course on interest rates. Official statistics are slated to show Tuesday that wages accelerated to the fastest pace on record in July, pushing … Read more

Ukraine military train in Britain

Ukraine military train in Britain

Watch | Ukraine military train in Britain Ukrainians are undergoing military training in the United Kingdom. Called Operation Interflex, over 2,000 Ukraine military recruits are undergoing five weeks of basic training in the UK. The course is run by the U.K. and nine other partner countries including Canada, New Zealand, Australia, Norway, Denmark, Finland, Sweden, … Read more

Trade talks with India not conditional on illegal migration: U.K.

Trade talks with India not conditional on illegal migration: U.K.

A United Kingdom spokespoerson was asked whether the U.K. government was making a trade deal with India conditional on India taking back “significant” numbers of illegal migrants. Image for representation only | Photo Credit: AP Finalising a trade deal with India is not contingent on New Delhi taking back Indians who are in the U.K. … Read more

Bank of England makes biggest interest rate hike in 30 years

Bank of England makes biggest interest rate hike in 30 years

The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The Bank of England has announced its … Read more

Why the British public is not choosing its leader

Why the British public is not choosing its leader

Observers of Britain‘s governing structure can be forgiven for scratching their heads in recent weeks as they watch the country reel through a succession of prime ministers without holding an election. While the opposition Labour Party is demanding an election, the governing conservatives are pushing on with choosing another prime minister from within their own … Read more

Bleak UK shopping and borrowing data underscore challenge for new PM

Bleak UK shopping and borrowing data underscore challenge for new PM

British shoppers cut their spending sharply last month and their confidence is close to record lows, underscoring the challenge facing the next prime minister who must also take painful measures to slow fast-rising public borrowing. Data published on Friday added to signs that Britain‘s economy faces a recession which could be deepened by new finance … Read more

Liz Truss resigns as U.K. Prime Minister

Liz Truss resigns as U.K. Prime Minister

Spoke to King Charles III on intent to resign, says Tory leader; a ‘leadership election’ will be completed next week, she says; reports say that former PM Boris Johnson is planning a comeback Spoke to King Charles III on intent to resign, says Tory leader; a ‘leadership election’ will be completed next week, she says; … Read more

Liz Truss resigns as U.K. Prime Minister

Liz Truss resigns as U.K. Prime Minister

The outgoing Prime Minister Liz Truss also announced that a “leadership election” will be “completed in the next week” The outgoing Prime Minister Liz Truss also announced that a “leadership election” will be “completed in the next week” Britain is about to get its third Prime Minister in three months, with Prime Minister Liz Truss … Read more