Britain
Bank of England to play for time as war brings inflation heat
The Bank of England will choose its words even more carefully than usual this week alongside its expected decision to delay an interest rate cut in the face of inflation risks from the war in the Middle East. Still stung...
UK considering targeted support for households as energy costs soar, Reeves says
The British government is looking to provide "targeted" support for poorer households to offset the impact of surging energy costs due to the conflict in the Middle East, finance minister Rachel Reeves said in an interview published on Saturday. Reeves...
UK spending watchdog warns over cost of funding British Steel
Britain has spent 377 million pounds ($500 million) funding British Steel for nine months, the country's spending watchdog said, adding there was no certainty about the duration of support and whether it would be repaid. In April 2025, the government...
UK to provide over $6 million in emergency funding for Lebanon aid
British Foreign Secretary Yvette Cooper on Sunday said the UK will provide over 5 million pounds ($6.62 million) of emergency funding to support humanitarian work of the Lebanese government amid conflict in the region. "Today, I am mobilising over 5...
Britain unveils jobs drive for young people to tackle high unemployment
Britain will invest an additional 1 billion pounds ($1.3 billion) to unlock jobs for young people, the government will say on Monday, part of a drive to reduce the high numbers of 16- to 24-year-olds not in education, employment or...
UK’s Starmer vows to protect ‘working people’ from conflict fallout
British Prime Minister Keir Starmer will promise on Monday to support "working people" with cost-of-living pressures worsened by the conflict in the Middle East, warning companies not to try to "exploit this crisis" by increasing prices. In his latest attempt...
UK’s John Lewis restores staff bonus but flags caution on trading outlook
British retailer the John Lewis Partnership reported a 6% rise in annual profit and restored its staff bonus after a four-year hiatus but said it was cautious on the trading outlook given a tough economic backdrop. The UK's largest employee-owned...
Sterling sinks for third day as oil crisis burnishes dollar
The pound headed for a third daily loss against the dollar on Thursday, as concern about a lasting rise in energy prices and nervousness about the war in the Middle East drove investors into the dollar. Bank of England Governor...
Britain’s Lloyds apologises after customers able to see others’ transactions
Lloyds Banking Group said on Thursday it was investigating the causes of a glitch that allowed customers to see each other's transactions online, the latest in a series of technical problems for UK banks embracing digital services. "We’re sorry that...
Bank of England to hold rates in March, cut twice this year but timing unclear: Reuters poll
The Bank of England will cut interest rates to 3.50% either in April or June, according to economists polled by Reuters who have largely abandoned calls for a March 19 reduction as soaring energy prices driven by the Iran war...
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