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Keywords: UK economy
Britain's new Prime Minister, Andy Burnham, has announced a nationwide plan to cap the price of single bus tickets at £2 from January 2027, marking one of the first major affordability measures of his new administration. The initiative is designed to reduce everyday transport costs for millions......
Newly appointed UK Prime Minister Andy Burnham has pledged to maintain a cautious approach to economic management, promising not to take unnecessary risks while seeking to ease pressure on households facing persistent cost-of-living challenges. Speaking on Monday after taking office at 10 Downing Street......
The British pound slipped slightly on Friday but remained positioned for its third consecutive weekly advance as investors reacted positively to expectations of a more moderate economic approach from the incoming UK government. Sterling was trading around $1.345, down 0.2% during the session, giving......
The British pound remained close to its strongest level against the U.S. dollar in more than two months on Thursday, supported by improving market sentiment over the United Kingdom’s fiscal direction and reduced concerns about government spending plans. Sterling traded slightly lower against the......
Britain's economy returned to modest growth in May, supported by continued expansion in the services sector despite weaker performances in manufacturing and construction, according to the latest official economic data. Figures released by the Office for National Statistics (ONS) showed that gross......
The United Kingdom will need significant tax increases or spending reductions in the coming years to prevent public debt from entering an unsustainable upward spiral, according to the Office for Budget Responsibility (OBR). In its latest assessment of the country's long-term public finances, the......
The Bank of England has warned that the rapid expansion of artificial intelligence could create new risks for financial stability, as investors increasingly place large bets on the technology while banks become more exposed to potential cyber threats. In its latest half-yearly assessment of risks facing......
The UK’s FTSE 100 edged higher on Tuesday and was set to extend its winning streak to a sixth consecutive quarterly gain, as investor sentiment improved on optimism surrounding a potential ceasefire in the Middle East. The blue-chip index rose around 0.5% by 09:04 GMT, supported by strong performances......
The British pound traded largely unchanged on Monday as financial markets awaited a key speech from Andy Burnham, who is widely expected to become the United Kingdom’s next prime minister. Sterling has experienced a challenging month, falling approximately 1.7% against the US dollar, placing it......