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Britain borrows more than expected, underscoring task for new government

Britain borrows more than expected, underscoring task for new government

The borrowing figure for June was 2.9 billion pounds higher than expected by Britain’s budget watchdog. | Photo: PTI 2 min read Last Updated : Jul 19 2024 | 1:03 PM IST Britain’s government borrowed a lot more than expected in June, according to official data published on Friday that highlighted the budget challenges...

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Globally-mobile millionaires threaten to leave Britain over tax revamp

Globally-mobile millionaires threaten to leave Britain over tax revamp

The Labour government reckons it can raise an extra 5 billion pounds a year by tackling domestic tax avoidance. Photo: Pexels 6 min read Last Updated : Jul 19 2024 | 12:34 PM IST For ultra-wealthy entrepreneur Bassim Haidar, living in London has become an expensive indulgence he can no longer justify. While...

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European leaders discuss migration and Ukraine at a UK summit as concern grows about direction of US

European leaders discuss migration and Ukraine at a UK summit as concern grows about direction of US

WOODSTOCK, England (AP) — Leaders from across Europe expressed support for Ukraine and concern about the direction of the United States on Thursday at a security-focused summit clouded by worries about whether the U.S. will remain a reliable ally if Donald Trump wins a second presidency. Newly elected U.K. Prime Minister Keir Starmer welcomed around...

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Extra union power! WFH for all! Easier strikes! How WILL Starmer’s new ‘red revolution’ burdens on firms ever help Britain grow?

Extra union power! WFH for all! Easier strikes! How WILL Starmer’s new ‘red revolution’ burdens on firms ever help Britain grow?

Labour‘s workers’ rights revolution will cost jobs and choke growth, ministers were warned last night. Sir Keir Starmer said he wanted to ‘unlock growth and take the brakes off Britain’. But the Prime Minister was warned that a radical package of employment rights championed by his deputy Angela Rayner could have the opposite effect. Unveiled...

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Labour to launch state-owned Great British Energy in £8.3bn market intervention

Labour to launch state-owned Great British Energy in £8.3bn market intervention

Labour is pushing ahead with plans to launch a state-owned energy company backed up with £8.3bn of taxpayer funds, in one of the biggest market interventions for decades.  In the King’s Speech, Sir Keir Starmer’s new Government confirmed that Great British Energy will develop, own and operate energy projects such as wind farms, using public...

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UK’s new government announces legislation for ‘national renewal’ as Parliament opens with royal pomp

UK’s new government announces legislation for ‘national renewal’ as Parliament opens with royal pomp

LONDON – Britain’s new Labour Party government promised to calm the country’s febrile politics and ease its cost-of-living crisis as it set out its plans for “national renewal” at the grand State Opening of Parliament on Wednesday. Stabilizing the U.K.’s public finances and spurring economic growth were at the center of Prime Minister Keir Starmer...

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UK launches armed forces review after NATO summit – World News

UK launches armed forces review after NATO summit – World News

LONDON U.K. Prime Minister Keir Starmer — just back from a NATO summit — launched on Tuesday a review of Britain’s armed forces to set out a path to increasing defence spending to 2.5 percent of GDP. The ministry of defence said the “Strategic Defence Review” would begin work “immediately in recognition of the urgency of the...

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Britain will be an Islamist country under Labour, claims Trump VP pick

Britain will be an Islamist country under Labour, claims Trump VP pick

Donald Trump’s pick for vice-president has said Labour will turn the UK into the world’s first Islamist nuclear power. JD Vance, who was nominated to be Trump’s running mate at the Republican National Convention in Milwaukee on Monday, made the comments at last week’s National Conservatism Conference. His reference to Labour’s landslide victory could complicate...

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UK launches armed forces review after NATO summit

UK launches armed forces review after NATO summit

Jul 16, 2024 04:33 AM IST UK launches armed forces review after NATO summit UK Prime Minister Keir Starmer just back from a NATO summit launched on Tuesday a review of Britain’s armed forces to set out a path to increasing defence spending to 2.5 percent of GDP. UK launches armed forces review after NATO...

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EU and Britain hold first talks to ‘reset’ ties after UK vote

EU and Britain hold first talks to ‘reset’ ties after UK vote

“As we work to reset the relationship, we discussed strengthening security and economic cooperation – to create a safer and more prosperous Europe,” Thomas-Symonds wrote on X. Britain’s Prime Minister Keir Starmer in Berlin on Sunday. Photo: AFP Sefcovic described the meeting as constructive and said he was “looking forward to our cooperation”. Britain’s new...

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