Economic news and events


US President Trump tells UK to drill oil, stop building wind turbines

US President Donald Trump on Friday urged Britain to drill for more oil rather than build wind turbines, just a fortnight after Washington signed a...

Fri, 23/05/2025 - 12:44


UPDATE: Household energy bills in Great Britain down by 7% from July

Household energy bills in Great Britain will fall by 7% from July, Ofgem has confirmed.

The typical bill will drop by £129 to £1,720 per year...

Fri, 23/05/2025 - 07:25


UK retail sales growth tops forecast in April on warm weather boost

UK retail sales rose at a faster pace than expected last month, aided by warm weather, numbers on Friday showed.

Retail sales volumes expanded 1.2%...

Fri, 23/05/2025 - 07:09


UK PM hails trade deals before meeting with national, regional leaders

Recent trade deals with the US, India and the EU will ‘improve livelihoods’ across the UK, Prime Minister Keir Starmer said.

Ahead of a meeting with...

Fri, 23/05/2025 - 06:54


UPDATE: Starmer signs deal with Mauritius to hand over Chagos Islands

UK Prime Minister Keir Starmer has signed an agreement to hand over sovereignty of the Chagos Islands to Mauritius in a deal that will cost...

Thu, 22/05/2025 - 15:50


Doctors, teachers in England to be awarded above-inflation 4% pay rise

Teachers and doctors will get above-inflation pay rises over the next year, ministers have announced after the latest review of public sector pay.

Both professions in...

Thu, 22/05/2025 - 14:09


UPDATE: Judge clears way for UK government to sign Chagos Islands deal

A judge has cleared the way for the UK government to sign its deal over the Chagos Islands after discharging a High Court injunction which...

Thu, 22/05/2025 - 13:59


UPDATE: Chagos deal can still be done on Thursday despite injunction

The Chagos Islands deal could still be signed on Thursday after an overnight injunction was granted temporarily preventing the plans, the High Court has been...

Thu, 22/05/2025 - 12:27


Net migration halves as fewer people come to UK for work and study

The difference between the number of people moving to the UK and leaving the country is estimated to have halved, in the biggest fall in...

Thu, 22/05/2025 - 10:00


UK private sector stays in decline as tariffs weigh on export orders

The UK private sector economy remained in decline in May, amid manufacturing sector weakness, numbers on Thursday showed.

The S&P Global flash composite purchasing managers’...

Thu, 22/05/2025 - 09:48


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