UK economy

Image for UK services firms report falling profits, higher costs, CBI says
Finance

UK services firms report falling profits, higher costs, CBI says

LONDON (Reuters) - Profits made by services firms, which dominate Britain's economy, have plunged an...

27th February, 2025

Image for UK car industry off to rocky start as January output drops, industry data shows
Finance

UK car industry off to rocky start as January output drops, industry data shows

(Reuters) - Britain's vehicle output was off to a poor start in 2025, with January production down n...

27th February, 2025

Image for UK 'minded to approve' Gatwick Airport expansion but decision delayed
Headlines

UK 'minded to approve' Gatwick Airport expansion but decision delayed

LONDON (Reuters) - Britain will decide on Thursday whether to allow Gatwick Airport to expand, a mov...

27th February, 2025

Image for No easy answer to higher global tariffs, BoE's Dhingra says
Headlines

No easy answer to higher global tariffs, BoE's Dhingra says

LONDON (Reuters) - The Bank of England may not need to take action if a fragmentation in global trad...

26th February, 2025

Image for UK's Reeves says trade with US can flow amid Trump tariff threats
Headlines

UK's Reeves says trade with US can flow amid Trump tariff threats

By Andy Bruce CAPE TOWN (Reuters) - British finance minister Rachel Reeves said on Wednesday she was...

26th February, 2025

Image for Sterling edges lower versus dollar, eyes on military spending
Finance

Sterling edges lower versus dollar, eyes on military spending

By Stefano Rebaudo (Reuters) - Sterling edged lower against a strengthening dollar and held steady v...

26th February, 2025

Image for UK's Heathrow Airport says slowing growth shows need for new runway
Finance

UK's Heathrow Airport says slowing growth shows need for new runway

By Sarah Young LONDON (Reuters) - Britain's Heathrow Airport forecast slower passenger growth in 202...

26th February, 2025

Image for UK energy regulator opens bidding for electricity transmission links worth $5 billion
Finance

UK energy regulator opens bidding for electricity transmission links worth $5 billion

(Reuters) - British energy regulator Ofgem said on Wednesday it is inviting bids from investors to o...

26th February, 2025

Image for UK's Heathrow profits jump on record passenger numbers
Finance

UK's Heathrow profits jump on record passenger numbers

LONDON (Reuters) - Britain's Heathrow Airport reported a jump in annual profit after passenger numbe...

26th February, 2025

Image for Britain's Metro Bank sells 584 million pounds unsecured personal loan book
Finance

Britain's Metro Bank sells 584 million pounds unsecured personal loan book

(Reuters) -British lender Metro Bank on Wednesday said it has signed an agreement to sell a portfoli...

26th February, 2025

Image for UK retail could shed 160,000 part-time jobs after employer tax increase, says trade body
Headlines

UK retail could shed 160,000 part-time jobs after employer tax increase, says trade body

LONDON (Reuters) - Up to 160,000 part-time retail jobs in Britain are at risk of being lost over the...

26th February, 2025

Image for Britain needs huge switch to EVs, heat pumps and to eat less meat to hit net zero
Headlines

Britain needs huge switch to EVs, heat pumps and to eat less meat to hit net zero

By Susanna Twidale LONDON (Reuters) - Britain must end its reliance on fossil fuels, switch to elect...

26th February, 2025