UK households scaled back their borrowing in December, suggesting sentiment remained cautious going in 2026 in a potential warning sign for the tepid British economy.
UK households scaled back their borrowing in December, suggesting sentiment remained cautious going in 2026 in a potential warning sign for the tepid British economy.
An Estate agents 'Sold' sign outside residential homes in London.
UK government borrowing fell more than expected in December as strong tax receipts helped Chancellor of the Exchequer Rachel Reeves in her bid to bring the public finances under control.
UK government borrowing fell more than expected in December as strong tax receipts helped Chancellor of the Exchequer Rachel Reeves in her bid to bring the public finances under control.
Rachel Reeves Photographer: Chris Ratcliffe/Bloomberg
UK government borrowing fell more than expected in December as strong tax receipts helped Chancellor of the Exchequer Rachel Reeves in her bid to bring the public finances under control.
UK government borrowing fell more than expected in December as strong tax receipts helped Chancellor of the Exchequer Rachel Reeves in her bid to bring the public finances under control.
Rachel Reeves Photographer: Chris Ratcliffe/Bloomberg
UK government borrowing fell more than expected in December as strong tax receipts helped Chancellor of the Exchequer Rachel Reeves in her bid to bring the public finances under control.
UK government borrowing fell more than expected in December as strong tax receipts helped Chancellor of the Exchequer Rachel Reeves in her bid to bring the public finances under control.
Rachel Reeves Photographer: Chris Ratcliffe/Bloomberg
UK Prime Minister Keir Starmer and US President Donald Trump discussed Ukraine and Gaza during a pre-Christmas phone call on Sunday, according to a statement released by Downing Street in London.
UK Prime Minister Keir Starmer and US President Donald Trump discussed Ukraine and Gaza during a pre-Christmas phone call on Sunday, according to a statement released by Downing Street in London.
Keir Starmer, UK prime minster, during a meeting with Bart de Wever, Belgium's prime minister, at 10 Downing Street in London, UK, on Friday, Dec. 12, 2025. The European Union is set to approve a deal on Friday that would let the bloc lengthen its freeze on Russian assets using emergency powers — a key step toward tapping the funds to help Ukraine.
UK government borrowing fell in November as the economy continued to generate healthy tax receipts and debt costs declined, a modest boost for Chancellor of the Exchequer Rachel Reeves weeks after she unveiled a difficult budget.
UK government borrowing fell in November as the economy continued to generate healthy tax receipts and debt costs declined, a modest boost for Chancellor of the Exchequer Rachel Reeves weeks after she unveiled a difficult budget.
Rachel Reeves presents her budget in Parliament on Nov. 26. Source: UK Parliament
UK companies expect to increase wages by 3.8% over the next year, according to a Bank of England survey that’s likely to fuel concerns among some rate-setters about sticky inflation.
UK companies expect to increase wages by 3.8% over the next year, according to a Bank of England survey that’s likely to fuel concerns among some rate-setters about sticky inflation.
Demand for home loans fell slightly in October as prospective buyers put decisions on ice amid fears of tax rises targeting the UK property market in the budget.
Demand for home loans fell slightly in October as prospective buyers put decisions on ice amid fears of tax rises targeting the UK property market in the budget.
Estate agents 'For Sale' and 'Let' signs outside residential properties in Guildford, UK, on Monday, July 28, 2025. The number of UK home loans given the green light rose to a three-month high in June, as the housing market continued to shake off the impact of April’s tax hike.
Britain remains on course to borrow billions more than forecast this year, underscoring the perilous state of the public finances as Chancellor of the Exchequer Rachel Reeves prepares her make-or-break budget.
Britain remains on course to borrow billions more than forecast this year, underscoring the perilous state of the public finances as Chancellor of the Exchequer Rachel Reeves prepares her make-or-break budget.
Skyscrapers and commercial buildings on the skyline of the City of London. Photographer: Jose Sarmento Matos/Bloomberg
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