UKAEA launches International Fellowships Scheme for fusion
UKAEA has launched the International Fellowships Scheme to help expand the global talent pool supporting the fusion industry. HM GovernmentSource
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Government and business put forward “Team UK” approach to unleash defence sector’s potential
Plans to deliver jobs across the UK by unlocking the full economic potential of Britain's defence sector are set to be unveiled today (8 July 2025). HM GovernmentSource
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Tell us: what would you like to see on a redesigned bank note?
Banknotes issued by the Bank of England are being redesigned. We’d like to hear your suggestions for a new theme Banknotes issued by the Bank of England are to have a major redesign for the first time in more than 50 years. Historic figures such as Winston Churchill
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UK inflation falls to 3.4%, complicating Bank of England’s interest rate task
Annual drop in May but policymakers still almost certain to hold rates at 4.25% on Thursday Inflation in the UK fell to 3.4% last month as shop prices declined, complicating the Bank of England’s interest rates decision on Thursday. Policymakers are still almost certain to hold interest rates
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Rachel Reeves needs wider headroom against fiscal rules, ex-Bank of England deputy says
Charlie Bean says slim margin of £10bn means chancellor ‘has to neurotically fine-tune taxes to control OBR forecast’ Business live – latest updates The former Bank of England deputy governor Charlie Bean has urged Rachel Reeves to create much wider headroom against her fiscal rules – a decision
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UK households hit by squeeze on living standards despite fastest growth in G7
ONS confirms GDP growth at 0.7% between January and March but households saving less of disposable income Business live – latest updates UK households faced a renewed cost of living squeeze in the first three months of 2025 amid increases in taxes and inflation, official figures show, despite
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Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened
Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars UK will slump to 1% growth next year as Trump tariffs bite, says OECD US firms say Trump trade war is hitting production as dollar nears
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Inflation data shouldn’t deter us from rate cuts, says Bank policymaker
Alan Taylor voted for a 0.5-point cut last month and feels recent economic figures are led by one-off factors Business live – latest updates A member of the Bank of England’s interest rate-setting committee has warned that higher-than-expected inflation and growth figures should not distract policymakers from continuing
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UK interest rates more uncertain due to Trump policies, says Bank governor
Andrew Bailey tells MPs pattern of trade deals and lower tariffs ‘blown up’ with serious impacts for global economy Business live – latest updates The Bank of England governor, Andrew Bailey, has told MPs that the future path of interest rates in the UK has become more uncertain
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Bank of England governor urges deeper ties with EU to ‘minimise’ Brexit impact
Andrew Bailey says Brexit was not ‘wrong’ but welcomes the UK’s efforts to reset relations with the bloc Andrew Bailey has urged the UK government to deepen ties with the EU, as he warned a breakdown in global trade would make it harder for the Bank of England
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