Alastair Campbell and Jacob Rees-Mogg share little common ground on Britain’s decision to leave the European Union a decade ago — except both agree a second vote to join is unlikely in the near future.
A pro-Brexit banner outside the Houses of Parliament in London in 2019.
Britain should set out a path for more Chinese investment as relations between the two countries normalize, Foreign Minister Wang Yi said while welcoming his counterpart Yvette Cooper.
Keir Starmer and Xi Jinping ahead of their meeting in Beijing, in January.. Photographer: Carl Court/AFP/Getty Images
The UK could miss its goal of adding 1.5 million new homes in the current parliamentary term by at least 40%, according to a report by Bloomberg Intelligence that urges the government to ramp up efforts to stimulate demand and help developers.
A worker passes roof frame timber for new houses on a Countryside Homes housing development in Harlow, UK, on Thursday, March 13, 2025. Interest-rate cuts, wage growth and stagnant home prices have begun to marginally improve affordability, boosting confidence that housing output will start to recover from the plunge offset by the end of the cheap-money era.
China’s credit expansion slowed far more than expected from a year earlier in April while banks extended less new loans, underscoring unusually anemic borrowing demand even for a typically slow month for lending.
Chinese households picked up their pace of spending over the recent Labor Day extended holiday weekend, according to preliminary figures economists are assessing for a turnaround from a disappointing March.
Visitors in the Nanjing East Road retail area in Shanghai, China, on Friday, May 1, 2026. China is seeing signs of a return of inflation as the Iran war pushes up energy costs but will need more sustainable price gains to fully turn around deflationary pressures, according to an International Monetary Fund official.
Britons will head to the polls on Thursday for one of the most consequential rounds of local elections in memory, with control of the Scottish and Welsh parliaments and more than half of England’s councils at stake.
The Green Party is seeking to reduce the UK’s borrowing costs by tackling the climate crisis and reducing inequality, its leader Zack Polanski said a day before England-wide local elections at which his party is predicted to make strong gains.
The UK could slip into recession later this year and be forced to hike interest rates aggressively to contain inflation if the Middle East crisis worsens, the National Institute of Economic and Social Research warned.
Moody’s Ratings revised China’s credit outlook to stable from negative, an expression of confidence in the economy as the government copes with risks stemming from its swelling debt load.
UK Prime Minister Keir Starmer and his Dutch counterpart Rob Jetten met energy leaders to discuss cooperation in the North Sea as the war in the Middle East disrupts global supplies.
UK Prime Minister Keir Starmer, right, and Dutch Prime Minister Rob Jetten during a meeting in London on April 14.
Britain has signed a “multimillion-pound” contract with Cambridge Aerospace, a startup aiming to supply systems for intercepting drones and cheap missiles at much lower cost than existing defense systems.
A Cambridge Aerospace 'Skyhammer' interceptor missile. Source: UK Government
Britain has signed a “multimillion-pound” contract with Cambridge Aerospace, a startup aiming to supply systems for intercepting drones and cheap missiles at much lower cost than existing defense systems.
A Cambridge Aerospace 'Skyhammer' interceptor missile. Source: UK Government
The UK warned Vladimir Putin against damaging Britain’s undersea cables and pipelines after a month-long operation to track three Russian submarines in nearby waters.
China will set up a sweeping new mechanism to ensure the security of its supply chains, targeting espionage and allowing Beijing to retaliate against foreign entities if they impose curbs on trade, according to a directive released by the State Council on Tuesday.
Operations at the Yangshan Deepwater Port in Shanghai.
An influential journal of China’s leading Communist Party published a rare warning about risks associated with the nation’s gaping trade surpluses, saying that pushing exports too far can expose the economy to vulnerabilities at home and abroad.
Gantry cranes and shipping containers at a port in Shenzhen, China, on Friday, Feb. 27, 2026. US and Chinese trade negotiators are slated to meet in mid-March, according to people familiar with the matter, signaling a planned summit between Donald Trump and Xi Jinping is pushing ahead despite American strikes against Iran.
The economic repercussions of Donald Trump’s war on Iran are threatening to hurt Britain more than other major economies, with the Bank of England keeping a close eye on price pressures. Yet one of the US President’s other flagship policies — high tariffs — could have a peculiar side-effect of defending the UK from spiraling inflation.
Properly designed UK support to cut household energy bills could help reduce both inflation and government debt service costs, potentially resulting in an aid package that pays for itself, Deutsche Bank said.
Electricity pylons in a residential neighborhood in Bramford, UK.
China’s government spending got off to its fastest start to any year since 2022, likely an effort by authorities to fortify the economy in the face of rising external uncertainty.
Angela Rayner, the former deputy prime minister who bookmakers rate the favorite to succeed Keir Starmer as Labour leader, said the UK’s governing party is “running out of time” to deliver change, in her most public criticism yet of the premier’s leadership.
Angela Rayner Photographer: Chris Ratcliffe/Bloomberg