For most of this year, the Bank of England argued that interest rates were probably high enough to bear down on inflation. Now it’s not so sure.

Britain was singled out for praise by the International Monetary Fund this month for the boldest deficit-reduction plan of any Group of Seven nation. Bolder still is its decision to deliver the whole squeeze with higher taxes, as economists warn that Chancellor of the Exchequer John Healey is pushing the boundaries of what’s possible.

Andy Burnham promised to “bring back hope” when he replaced the unpopular Keir Starmer as Britain’s prime minister in July. His first budget will require a dose of luck, as well.

The UK is set to hike bank taxes less steeply than feared, as Chancellor of the Exchequer John Healey seeks to balance the competitiveness of the City with the need to raise funds for voter giveaways in his first budget.

Chancellor of the Exchequer John Healey is poised to raise the UK’s national living wage by about 4%, but will not close the pay gap with younger workers, amid growing concern that hiring costs are driving youth unemployment.

Chancellor of the Exchequer John Healey is poised to raise the UK’s national living wage by about 4%, but will not close the pay gap with younger workers, amid growing concern that hiring costs are driving youth unemployment.

UK businesses are hopeful Chancellor of the Exchequer John Healey will cut levies from their electricity bills in his budget after being told that help with energy costs is the government’s top priority for firms, according to industry leaders familiar with the plans.

The UK and Canada scrapped talks to merge their two defense financing banks after failing to agree on a location for a joint institution and terms of future membership.

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.

Britain received unexpected praise for its fiscal restraint at the International Monetary Fund’s annual meetings in Bangkok this week. While welcome, the fund’s support puts an even brighter spotlight on Chancellor of the Exchequer John Healey ahead of his debut budget in two weeks’ time.

Chancellor of the Exchequer John Healey has backed plans for a third runway at Heathrow, setting up a possible Downing Street clash with Prime Minister Andy Burnham.

Chancellor of the Exchequer John Healey’s plan to raise bank taxes may help ease Britain’s strained public finances, but risks an awkward difference of opinion with Bank of England Governor Andrew Bailey.

Bank of England Governor Andrew Bailey said there is little evidence yet of inflation becoming embedded in UK price and wage-setting.

UK businesses are looking to absorb the energy shock and cut costs rather than hike prices for consumers, Bank of England Deputy Governor Sarah Breeden said as two other officials appeared to make the case for interest-rate hikes.

Chancellor of the Exchequer John Healey declined to rule out raising taxes on banks in this month’s budget, despite praising them as the “jewel” in the UK’s economic crown.

UK Chancellor John Healey said he will “stay the path” on plans to bring down borrowing over the next few years as he welcomed the International Monetary Fund’s support for the government’s fiscal plans ahead of the budget.

UK Chancellor John Healey said he will “stay the path” on plans to bring down borrowing over the next few years as he welcomed the International Monetary Fund’s support for the government’s fiscal plans ahead of the budget.

Britain needs a “deeper and stronger” relationship with the European Union, Foreign Secretary Ed Miliband said at sidelines of the International Monetary Fund’s annual meeting in Bangkok.

Bank of England Governor Andrew Bailey urged social media companies to take greater responsibility for criminal activity on their platforms.

The UK government needs to level with the public that departmental cuts will be needed to pay for higher defense spending, the International Monetary Fund warned.