UK economics news

A major review examining the causes of rising youth unemployment says getting on the career ladder is now "out of reach" for many.

Petrol, food and even your home could all cost significantly more this year

The former PM’s essay rightly calls for a coherent economic plan, but then sets too much store by AI – and a worldview stuck in the past Tony Blair is right. Labour has made some big and avoidable mistakes since it came…

Household energy prices will rise by 13% a year in July, as soaring wholesale costs caused by the US-Israel war with Iran hit bills for the first time.

When Wes Streeting and Andy Burnham announced that they intend to challenge Keir Starmer as prime minister, it felt like the start of a depressingly familiar loop. A leader who had made many great-sounding promises faile…

Stephen Burns, chief executive of the 10-pin bowling alley operator, took aim at tax rises and minimum wage increases.

The boss of Next has warned there has been a "dramatic fall" in the number of entry-level job opportunities in the UK.

Typical annual household bills will rise by 13% when the new energy cap takes effect on 1 July.

The online marketplace is one of the UK’s biggest employers with about 75,000 staff.

Tesco and Sainsbury’s continue to be the top two for British shoppers

Retailers based overseas can send small parcels worth less than £135 to the UK without paying import duties.

The company did not pay any corporation tax in 2021 and 2022 because of the ‘super-deduction’ tax break

Shoppers increasingly relied on promotions to mitigate costs

The chancellor can point to growth and lower inflation, but weak job data, flat living standards and uncertain productivity are no reason to cheer In October 1991, the then chancellor Norman Lamont said he thought he saw…

The war between Iran, the US and Israel has escalated into a major global crisis, with consequences that are reaching far beyond the Middle East. The closure of the Strait of Hormuz, through which around 25% of the world…

Rolling coverage of the latest economic and financial news Full story: BP removes chair Albert Manifold over ‘serious’ governance and conduct concerns Middle East crisis live: US attacks Iran missile sites as Tehran ne…

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

Peer’s comments come as Milburn report is likely to find government has failed to tackle youth unemployment The boss of Next has sounded the alarm about a “dramatic fall” in the number of entry-level jobs in the UK that…

Data shows even if Iran war ends, shop price inflation on rise, while only 16% of firms left unscathed by conflict Higher prices could persist over the summer even if ceasefire talks between the US and Iran bear fruit, c…

The UK's brewery scene is shrinking as pubs close, costs rise and drinking habits change.

Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recession If a US-Iran deal is about to be reached, three months on from the launch of Donald Trump’s Operation Epic F…

Prewar US gas prices averaged about $3 a gallon nationally – kiss that number goodbye for 2026 Sorry, US drivers, but don’t expect pump prices to return to prewar levels any time soon, even if the US and Iran agree to a…

Temperatures hit 28.4C in parts of England on Friday, while delays have been reported at the Port of Dover and Birmingham Airport ahead of the bank holiday weekend.

John Boumphrey says the education system "isn't necessarily producing young people who are ready for work".

The £24.3bn figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bn The UK borrowed more than expected in April as high inflation drove up the cost of pensions and benefits,…

Prime minister tells reporters he would campaign personally in the contest The Home Office has also published asylum figures this morning. These show that the number of asylum seekers being housed temporarily in hotels s…

A new model of central banking would weaken the power of bond vigilantes – and help progressive politicians pay for transformative change Daniela Gabor is professor of economics and macrofinance at Soas, University of L…

Firms hit by ‘perfect storm’ of uncertainty about Labour leadership and impact of Iran war Companies in the UK’s dominant services sector have reported one of the sharpest declines in business activity in a decade, accor…

Ban social media and reform education to tackle scandal of young people not in work or study, says Peter Hyman Schools have become a “pipeline” to worklessness for a large cohort of young people in the UK, according to a…

City made outsized contribution to falling levels of deprivation between 2010 and 2025, thinktank finds Manchester has recorded the biggest fall in inner-city deprivation in Britain, according to a report, as Andy Burnh…

Chancellor launches ‘Great British summer savings scheme’ after Keir Starmer postpones fuel duty increase Planned fuel duty rise to be scrapped, says Keir Starmer Rachel Reeves is to promise free summer bus rides for c…

Retailers such as M&S need not worry – the UK is not in a state of emergency and competition is clearly working Call for food price caps ‘preposterous’, says M&S boss “Completely preposterous,” said Stuart Machin, the…

Food inflation slows to 3%, led by meat and chocolate; prices of computer game downloads drop sharply; economists say benign inflation data reduces chances of June rate hike Stamp duty should be scrapped and replaced wit…

So now we know exactly what you get when you cross two distinct brands of Swiss watch-making, one affordable (Swatch) and one luxury (Audemars Piguet). You get a new model of watch that attracts massive hype, huge queues…

Lower than expected April annual rate a lift for Rachel Reeves as impact of Iran war yet to fully hit households Business live – latest updates UK inflation slowed to 2.8% in April, the lowest rate in more than a year,…

photoyh/Shutterstock Chelsea FC losing the 2026 FA Cup final 1-0 to Manchester City will have been disappointing for the club’s fans. But perhaps the result was not hugely surprising, as the London club hasn’t had a bril…

The Financial Conduct Authority and the Bank of England set out a shared vision and seek industry views on the future of UK wholesale markets

The Prudential Regulation Authority has today announced plans to consult on reforming rules around shared operational services for ring-fenced banks.

A street in Worcester, England, after heavy rainfall in 2023. Chris Homer/Shutterstock New Orleans could be surrounded by sea water in a matter of decades according to new research. The study says the US city has reached…

Statement from the Bank of England, Financial Conduct Authority and HM Treasury

After years away from the spotlight, a quiet return to the stage is making noise.

The US and Israel’s war on Iran has cast a long shadow over the Gulf. It has placed many of the economies that make up the Gulf Cooperation Council (GCC) regional grouping – Bahrain, Kuwait, Oman, Qatar, the United Arab…

We were all flying without wings back in the heyday of Irish boy band Westlife. The group were formed in Dublin in 1998 and rose to international popularity during the early 2000s. The new release of their anniversary al…

Billion Photos/Shutterstock Millions more people will face hunger in the coming months if the conflict in the Middle East is not resolved soon, the UN has warned. The price of energy, which instantly affects the cost of…

KieferPix/Shutterstock When earthquakes struck Turkey and Syria in February 2023, more than 50,000 people were killed and thousands more were injured. One month after the disaster, a bank employee named Efe Demir died b…

The Market Participants Group (MPG) is a senior-level forum for financial market participants to share their views on relevant themes and narratives in financial markets with members of the Bank of England’s Monetary Pol…

The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five…

Food magic/Shutterstock The standoff in the Strait of Hormuz has already made fuel and energy noticeably more expensive. But energy prices are only part of the story. While tensions continue between Iran and the US over…

Europe’s wind turbines have become part of a wider struggle over energy security, industrial power and the west’s dependence on China. European wind power capacity has surged dramatically in recent years. Wind energy now…

After a high-impact Chicago lecture circuit, N. Robert Branch returns his focus to the Pacific coast—linking scholarship, student activism, and a growing economic-liberalism movement across Los Angeles.

We invite short commentaries on monetary–fiscal interactions, regional inequality, and post-Brexit trade adjustment.

At Mandel Hall, N. Robert Branch paired a lecture on the USIC kernel with a vintage TAG Heuer Monaco—a deliberate thesis on liberalism, geometry, and spontaneous order.

In quantitative finance, the bottleneck is the “translation layer” between intent and silicon. N. Robert Branch’s USIC is a bare-metal x86 kernel built for high-fidelity economic simulation.