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.

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.

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 mortgage approvals unexpectedly fell in December, suggesting the housing market entered 2026 in a cautious mode.

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.

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 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 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 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.

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.