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Former British Prime Minister Liz Truss, in her first public speech since resigning, yesterday called for an "economic NATO" to counter China. She also said that the "golden era" announced by London a few years ago in relations with China was a mistake.more

The UK’s annual inflation rate fell in January, continuing a decline to 10.1% from a peak of 11.1% in October. But households remain under pressure as prices continue to rise for a wide range of goods and services. Despite the fall in the headline reading, the price of many goods and services continued to rise at a much faster rate.more

British Gas owner Centrica has posted huge profits after oil and gas prices soared last year, sparking renewed calls for energy firms to pay more tax. Its profits hit £3.3bn for 2022, more than triple the £948m it made in 2021. more

It will come as no surprise to most of us that some areas of the UK contribute more to the nation’s economic output than others, with many factors affecting a city’s local economy. more

The UK's annual inflation rate fell to 10.1 per cent in January from 10.5 per cent in December last year, and this is the third consecutive month that price growth has slowed, the ONS statistics office here reported today.more

Scotland’s employment rate has reached a new high, after the latest figures showed a rise in the number of people in work.more

Millions of households in Britain are facing another financial squeeze with local authorities set to raise council tax by the maximum amount possible as they attempt to make up for funding shortages. more

Due to the surplus of wine in France, the Ministry of Agriculture plans to spend €160 million on distilling the liquor to obtain industrial alcohol for pharmaceutical and cosmetic use, French public radio station RFI reported.more

British employers expect to raise wages for their staff by the most in at least 11 years but the 5% pay deals for workers would still fall well below expected inflation, a survey published on Monday showed.more

At least £145.5 million was spent by 14 UK government departments using business cards - i.e. out of taxpayers' pockets - in 2021, an increase of 71.4 per cent compared to 2011. - reported the opposition Labour Party in a report published today.more

The lights in future City of London skyscrapers may be turned off or dimmed at night in order to save energy under proposed plans by the local authority.more

The euro is becoming untenable, former Minister of Finance of the Netherlands Hans Hoogervorst said in an interview with the daily De Telegraaf yesterday. "If the Netherlands were to join the eurozone now and adopt the single currency it would be madness," the economist concluded.more

In Spain, which has a population of 47 million, almost 4 million people live in poverty, of which over 2.4 million do not receive any financial support, according to the latest report by the National Association of Directors and Managers of Social Services on the material situation of the country's inhabitants.more

The dating term “cuffing season” must have passed me by when it was shortlisted as the word of the year by Collins Dictionary in 2017. Cuffing season is the period of time in which people begin to look for someone with whom they can spend the winter months.more

The U.K. economy minimally avoided recession in the second half of 2022, as GDP did not grow in the final quarter, but it did not fall either, according to the British statistics agency ONS. In contrast, the economy grew by 4 percent in all of 2022.more

Soaring energy prices have put UK households under a tremendous amount of pressure, but some experts have indicated there is promising news on the horizon.more

Five decades on from Britain’s rapid shift away from an economy based on heavy industry, the toxins it left behind continued to blight the country’s towns and cities, data seen by i shows.more

One in five households with pre-payment meters have not cashed in their energy vouchers issued to help pay bills. more

Oil giant BP has more than doubled its 2022 profit to nearly $28 billion, the British company announced today. This is the best result in the company's 114-year history.more

Some 80,000 medical appointments and 11,000 scheduled treatments were canceled yesterday in England due to a strike by medical staff, which media reports indicate is the largest ever in the public health service during the current wave of strikes.more

Former British Prime Minister Liz Truss asserted yesterday that she does not regret her time in Downing Street, but does not intend to seek a return to the post. She explained that she now wants to promote her agenda for economic growth.more

The City is defying predictions of a post Brexit jobs cull with last year seeing a record-breaking year for financial services jobs in England and Wales.more

Return tickets will be scrapped and new digital ticketing introduced under reforms of the British rail system expected to be announced this week. The two-way tickets, which offer a discounted rate, will be replaced by “single-leg pricing” which will mean that the price of two singles will be the same as the current return fare, according to the Telegraph. The idea was trialled by London North Easmore

Council tax bills in London’s most expensive borough are set to rise by an average of almost £125, it can be revealed. By comparison, the capital’s cheapest borough will add just over £9 to its share of bills – less than a quarter of the £38.55 increase that London mayor Sadiq Khan is imposing across the capital.more

The Bank of England and Treasury will next week throw their weight behind a "digital pound" as they set out a roadmap to introduce a new central bank currency by 2030. more