Britain

British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday and scrapped parts of their economic package in a desperate bid to stay in power and survive ...

Investors piled cash into sterling money-market funds at more than three times their usual rate during the recent turbulence in British bond markets, and pension funds likely made up the ...

Britain’s corporation tax will rise to 25 per cent this April, the Daily Telegraph reported on Friday, in a second humiliating government u-turn on economic policy and amid a report ...

British finance minister Kwasi Kwarteng cut short his trip to Washington for this week’s global finance minister meetings and has headed back to London amid reports Prime Minister Liz ...

Bank of England Governor Andrew Bailey has been unequivocal: the central bank will end emergency support for bonds on Friday. Yet with markets showing few signs of stabilising, the BoE ...

British Prime Minister Liz Truss faced growing pressure on Thursday from lawmakers in her own party to rethink tax-cut plans that sent markets into turmoil, with one ally saying it ...

Britain’s new government said on Wednesday it would not reverse its vast tax cuts or reduce public spending as it sought to stand firm in the face of yet ...

UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them ...

Britain’s economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her ...

Britain’s economy shrank by 0.3 per cent in August, hit by weakness in manufacturing and maintenance work in North Sea oil and gas fields, according to official data which underscored ...

British businessman Graham Bonham-Carter was arrested on U.S. charges of conspiring to violate sanctions placed on Russian oligarch Oleg Deripaska, prosecutors said on Tuesday. Bonham-Carter was arrested in the ...

Britain’s King Charles III will be crowned at London’s Westminster Abbey next May in a ceremony set to follow the traditional pageantry used for anointing monarchs over the ...

British shoppers are stocking up on electric blankets, candles and energy-efficient slow cookers as surging gas bills and record food price inflation force millions of people to prepare for a ...

Britain would expect to see indicators that Russia was starting to consider deploying its nuclear arsenal in its war with Ukraine, Britain’s top cyber spy said on Tuesday, repeating ...

The Bank of England acted again on Tuesday to stem a sharp sell off in Britain’s 2.1 trillion-pound ($2.31 trillion) government bond market by announcing the purchase of inflation-linked debt until ...

Britain’s unemployment rate fell to its lowest since 1974 at 3.5 per cent in the three months to August, but the drop was driven by a record jump in the number ...

Britain’s biggest airport Heathrow warned that the demand outlook for the coming winter was uncertain given the growing economic headwinds plus the impact of a new wave of COVID-19 ...

While British households head into a winter of soaring energy costs, a tumbling currency and nearly double-digit inflation, the country’s banks are in line for a handsome payday as ...

The Bank of England moved to ease concerns about the expiry at the end of this week of its emergency programme to calm turmoil in the government bond market, including ...

Senior Cabinet Office minister Nadhim Zahawi on Sunday said it is “extremely unlikely” Britain would have planned power cuts over winter, responding to a National Grid warning that the country ...

The northern English city of Liverpool will host the 2023 Eurovision Song Contest, on behalf of this year’s winners Ukraine due to the ongoing conflict there. Liverpool edged out the ...

Britain on Friday rejected Russia’s call for a secret ballot in the U.N. General Assembly next week on whether to condemn Moscow’s move to annex four partially ...

A genuine effort by the new British government to settle a long-running post-Brexit trade row over Northern Ireland has created a “flicker of optimism” as talks resume with the European ...

Britain is not asking people to use less energy, climate minister Graham Stuart said on Friday, despite a warning from the National Grid that homes and businesses could face three-hour ...