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The UK is considering cuts to its flagship program to upgrade millions of homes, as it seeks more than £2 billion ($2.6 billion) in energy-department savings to help fund higher defense spending.
Companies from the United States, Britain and Singapore have been among the leading sources of inbound foreign capital in Hong Kong so far this year, the city’s commerce minister has said, insisting that “money is money” despite geopolitical instability. In an exclusive, wide-ranging interview with the South China Morning Post, Secretary for Commerce and Economic Development Algernon Yau Ying-wah described 2026 as a very challenging year because of the geopolitical situation. Nevertheless, the...
London's Waterloo Bridge faces closure within three years without urgent repairs, deepening concerns over the UK capital's crumbling river crossings. Are London's bridges really falling down? Harry Black explains. (Source: Bloomberg)
Investors are sticking with short-dated bonds in Europe and the UK, in a bet that expectations for interest rate increases have gone too far.
Britain’s private sector slowed and price pressures strengthened in September, according to S&P Global’s purchasing managers’ index, a closely watched survey that pointed to a summer growth spurt losing momentum. Dan Hanson of Bloomberg Economics reacts to the data. (Source: Bloomberg)
The UK’s strategy to prop up its long maturity debt by selling less in the wake of the Liz Truss-era crash is failing to pay off.
UK energy bills could jump 25% in January, Bloomberg Economics finds, threatening to undo much of prime minister Andy Burnham’s effort to ease the cost-of-living squeeze. Nicole Sy explains. (Source: Bloomberg)
Britain’s employers shed workers at the fastest rate in nine months, with the number of employees on company payrolls slipping 26,000 in August, according to the Office for National Statistics. The drop was worse than the 5,000 drop that economists expected, though the provisional estimates are often revised. Bloomberg's Sam Unsted breaks down the situation. (Source: Bloomberg)
A raft of British businesses urged Chancellor John Healey to move levies off electricity bills as rising energy costs squeeze industries from chemicals to steel.
The UK is facing new competition from countries such as Greece and Turkey, which offer disaffected ultra-wealthy residents more favorable tax regimes. Nicole Sy explains. (Source: Bloomberg)
Argentina's sovereignty claim is enshrined in its constitution, but oil production raises the economic stakes.