UK’s Reeves Vows to Beat OBR Forecasts as Tough Budget Looms

Chancellor of the Exchequer Rachel Reeves said she aims to outperform anemic growth forecasts for Britain’s economy, as she ...
Bloomberg L.P.

UK Set to Be Second-Strongest G-7 Economy This Year, OECD Says

Britain will be the fastest-growing Group of Seven economy bar the US this year, while still struggling to get a handle on its inflation problem, according to the Organisation for Economic Cooperation ...
Crude Oil Prices

UK Economy Sees Sluggish Growth in Second Quarter

The UK economy grew by a modest 0.3 per cent in the second quarter, a figure unchanged from previous estimates and a setback for Chancellor Rachel Reeves' growth ambitions. Despite a decline in ...

Plea to reform oil windfall tax as more than half of UK’s offshore operators cut staff

The proposal to reform the levy in 2026 is a key part of the group’s submission and is said to be supported by its membership ...

Why is inflation so high in the UK?

Britain's inflation rate looks set to hit 4% in September in data due for release on Wednesday, the highest among the world's ...