Category: News

Millions of households across the UK will see some relief on their energy bills this summer, after energy regulator Ofgem announced a 7% cut to the price cap, reducing the average annual bill to £1,720 from July 1.

The UK’s private sector shrank for the second consecutive month in May, fuelling concerns that the economy’s strong start to the year could be reversed in the second quarter.

British consumer confidence has bounced back this month, according to the latest GfK survey, as fears of a global trade war subside and optimism about personal finances improves — despite a spike in inflation linked to rising household bills.

The UK government is exploring the sale of its Sevington border facility in Kent as post-Brexit checks face redundancy under the new EU trade agreement.

The Tony Blair Institute urges UK to shift trade focus from traditional FTAs to faster, targeted digital and services deals better suited to the UK’s economic strengths.

HSBC has told thousands of UK employees that their pay could be cut if they fail to meet new in-office attendance requirements, as the bank steps up efforts to tighten its hybrid working policy.

Public sector borrowing in the UK surged past expectations last month, hitting £20.2 billion, as higher spending on public services and increased benefit payments drove up government outlays.

The EU plans a €2 handling fee on online parcels entering the bloc, mainly from China, as part of customs reforms to manage 4.6 billion annual shipments and ensure safety compliance.

UK inflation rose to 3.5% in April—its highest level in over a year—driven by surging household bills, national insurance hikes, and rising wages, ONS data shows.

UK banks are calling for branch staff to be included in new laws protecting retail workers from assault, citing over 10,000 incidents of abuse last year.

British business welcomes post-Brexit trade deal with the EU, easing food and energy trade, but concerns persist over regulatory alignment and future rule-making influence.