Britain’s national debt topped £3 trillion ($4 trillion) for the first time as the government borrowed more than forecast in the first half of the fiscal year, according to official figures that underline the challenge Chancellor of the Exchequer John Healey faces at his inaugural budget next week.

Bank of England Governor Andrew Bailey warned that the UK needs to be prepared for financial market shocks triggered by a potential correction after the artificial intelligence boom.

Britain borrowed more than forecast in the first five months of the fiscal year after rising inflation drove up spending in a blow to Chancellor of the Exchequer John Healey ahead of his debut budget next month.

Britain borrowed more than forecast in the first three months of the fiscal year, a reminder to new Chancellor of the Exchequer John Healey of the challenges he faces to keep the public finances on track.

Britain borrowed more than forecast in the first three months of the fiscal year, a reminder to new Chancellor of the Exchequer John Healey of the challenges he faces to keep the public finances on track.

UK companies became more optimistic about inflation in June, even as they plan to raise their own prices by 4% in the coming year — double the Bank of England’s CPI target.

Britain has scrapped plans to replace its aging warships with a new destroyer and will instead procure at least six so-called common combat vessels as it seeks to prepare the military for modern warfare.

Andy Burnham will pledge the biggest devolution of power in England in modern times in his first major speech since confirming his intention to succeed Keir Starmer as the UK’s prime minister.

Andy Burnham will pledge the biggest devolution of power in England in modern times in his first major speech since confirming his intention to succeed Keir Starmer as the UK’s prime minister.

UK house prices fell at the fastest pace for almost a year, according to one of Britain’s biggest mortgage lenders, suggesting the surge in borrowing costs triggered by the Iran war is placing a strain on prospective homebuyers.

Prime Minister Keir Starmer is due to host meetings to tackle antisemitism on Tuesday after two men were stabbed in north London last week in the latest attack targeting British Jews.

Prime Minister Keir Starmer is due to host meetings to tackle antisemitism on Tuesday after two men were stabbed in north London last week in the latest attack targeting British Jews.

UK employers are to be offered thousands of pounds to hire young people as part of a new drive to tackle youth joblessness, an issue that is becoming a crisis for Prime Minister Keir Starmer’s government.

UK employers are to be offered thousands of pounds to hire young people as part of a new drive to tackle youth joblessness, an issue that is becoming a crisis for Prime Minister Keir Starmer’s government.

Rachel Reeves’ future was in the balance this time last year — Britain’s borrowing costs had surged, forcing the Chancellor of the Exchequer to consider more tax hikes or spending cuts. Still, she survived and one year on the UK economy is treating the Labour government to some pleasant surprises.

Rachel Reeves’ future was in the balance this time last year — Britain’s borrowing costs had surged, forcing the Chancellor of the Exchequer to consider more tax hikes or spending cuts. Still, she survived and one year on the UK economy is treating the Labour government to some pleasant surprises.

Rachel Reeves’ future was in the balance this time last year — Britain’s borrowing costs had surged, forcing the Chancellor of the Exchequer to consider more tax hikes or spending cuts. Still, she survived and one year on the UK economy is treating the Labour government to some pleasant surprises.

Housebuilding in England is on track to fall to its lowest level in more than a decade, pushing Prime Minister Keir Starmer’s pledge to deliver 1.5 million homes further out of reach.

Housebuilding in England is on track to fall to its lowest level in more than a decade, pushing Prime Minister Keir Starmer’s pledge to deliver 1.5 million homes further out of reach.

The UK economy grew less than forecast in the fourth quarter as business investment shrank and services stagnated, adding to pressure on embattled Prime Minister Keir Starmer.