Bank governor wades into row over Reeves’ focus on fiscal rule forecasts
Andrew Bailey says OBR projections – which the chancellor uses to calculate headroom – shouldn’t be ‘over-interpreted’ The Bank of England governor, Andrew Bailey, has waded into the controversy over Rachel Reeves’s fiscal rules with a warning against “over-interpreting” the Office for Budget Responsibility’s forecasts. The chancellor announced
Read More
Joint Foreign Secretary-Home Secretary statement on Hong Kong announcing new arrest warrants for overseas activists
The Foreign Secretary and Home Secretary have issued a response after Hong Kong announced new arrest warrants for overseas activists. HM GovernmentSource
Read More
Prime Minister to meet President Trump for wide ranging talks in Scotland
The Prime Minister will travel to Scotland today to meet the President for talks. HM GovernmentSource
Read MoreE3 Leaders’ Statement on the Situation in Gaza and the West Bank: 25 July 2025
E3 Leaders’ Statement on the Situation in Gaza and the West Bank. HM GovernmentSource
Read More
Fall in UK GDP puts focus back on expectations of tax rises in autumn budget
Depressing data comes as Rachel Reeves and her team were daring to hope business confidence was recovering UK economy shrinks unexpectedly in blow to Reeves Business live – latest updates May’s unexpected 0.1% decline in GDP will make depressing reading for Rachel Reeves before a tough budget in
Read More
UK economy shrinks unexpectedly by 0.1% in blow to Rachel Reeves
May’s fall in GDP fuelled by sharp declines in manufacturing and construction Business live – latest updates Britain’s economy unexpectedly shrank in May, fuelled by sharp declines in manufacturing and construction, in a blow for chancellor Rachel Reeves. The Office for National Statistics said gross domestic product fell
Read More
UK unemployment rises and wage growth slows as jobs market ‘weakens’
ONS data shows jobless rate climbing to highest rate since June 2021 with growth in average earnings slowing to 5%. Analysis: the UK jobs market is cooling, not collapsing Business live – updates Unemployment climbed and wage growth slowed in the three months to May, according to official
Read MoreStatement from the Foreign Secretary on the situation in Gaza
The Foreign Secretary has issued a statement following today's announcement of a temporary humanitarian pause by the IDF in Gaza. HM GovernmentSource
Read More
Pound drops after Bank of England says it could cut interest rates more if jobs market slows
‘Slack’ opening up in UK economy as higher taxes squeeze employers, says Andrew Bailey Business live – latest updates The pound dropped to a three-week low after the governor of the Bank of England said it could make bigger cuts to interest rates if the job market slows
Read More
Office for National Statistics has ‘deep-seated’ problems and needs an overhaul
Devereux Review on the UK’s main statistics body also says a revision of past figures may be required The UK’s main statistics body needs a £10m overhaul and its top role split in two after a series of management failings and errors that have plagued the organisation for
Read More