Economics

The UK’s path toward lower inflation faces a significant setback as escalating conflict in the Middle East puts upward pressure on global energy markets. The Office for Budget Responsibility (OBR) …

UK Chancellor Rachel Reeves has cautioned that British households should prepare for a renewed surge in inflation as the conflict between the US and Iran escalates. While the government has …

A technical dispute over “fiscal headroom” has exploded into a major political controversy for the Labour government. At the center of the storm is the revelation that updated forecasts provided …

Both Prime Minister Keir Starmer and Chancellor Rachel Reeves have firmly declined to apologize for their budget decisions, despite facing intense questioning about whether they misled voters during the election …

Chancellor Rachel Reeves presented fiscal projections showing government borrowing declining from 4.5% of GDP to 1.9% by 2030-31, even as economic growth forecasts were downgraded and £26 billion in tax …

Rachel Reeves is preparing to raise £7.5bn by freezing income tax thresholds for two years, reversing earlier expectations that she would increase income tax rates. The chancellor abandoned plans for …

European industry leaders are expressing significant alarm as the United States prepares to expand its “steel derivatives” tariff list, a move that could see hundreds of new products facing steep …

S&P Global Ratings has revised India’s GDP growth forecast for the fiscal year 2025-26 downward to 6.3%, citing rising concerns over the ripple effects of the United States’ shifting tariff …

Ukraine is on the verge of finalizing a pivotal minerals agreement with the United States, signaling a major step in economic and strategic cooperation amid ongoing peace discussions with Russia. …

Starting Friday, U.S. consumers will see price hikes on millions of imported goods as former President Donald Trump’s executive order takes effect, ending the long-standing “de minimis” tariff exemption for …