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Reeves Gets Boost From Trio of Economist-Defying UK Data Points

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.

Commuters on Westminster Bridge near the Houses of Parliament in London. Photographer: Jose Sarmento Matos/Bloomberg
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Reeves Gets Boost From Trio of Economist-Defying UK Data Points

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.

Commuters on Westminster Bridge near the Houses of Parliament in London. Photographer: Jose Sarmento Matos/Bloomberg
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Reeves Gets Boost From Trio of Economist-Defying UK Data Points

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.

Commuters on Westminster Bridge near the Houses of Parliament in London. Photographer: Jose Sarmento Matos/Bloomberg
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Starmer and Trump Discuss Ukraine, Gaza and New UK Ambassador

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.
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UK Mortgage Approvals Dipped in October Amid Tax Rise Fears

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.
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