David Milliken

British GDP expanded by 0.7% from the previous quarter, above an initial estimate of 0.6% growth, the Office for National Statistics said

“The labour market continues to be tight, and I worry it is still impaired,” Haskel said in the text of a speech he is due to deliver later on Monday.

Underlying momentum in British workers' pay may have been even stronger in early 2024 than shown by official data, according to analysis published by the Bank of England on Thursday. Rapid pay growth is a key concern stopping the BoE from cutting interest rates from a 16-year high of 5.25%, despite inflation returning to its 2% target in May. Official data shows average weekly earnings between February and April were 5.9% higher than a year earlier, down from a peak of 8.5% in mid-2023 but still around double the rate most BoE policymakers think is consistent with 2% inflation.

British Prime Minister Keir Starmer's new government will widen the early release of prisoners to tackle an overcrowding crisis that has left jails within weeks of running out of space, prison governors said on Thursday.

THE scale of the challenge facing Prime Minister Keir Starmer's new government is writ large in Britain's prisons, which are within weeks of being

A woman walks in front of the Bank of England, in London, on March 23, 2023. Kin Cheung/The Associated Press Listen to this article

LONDON (Reuters) -Britain’s new government said on Wednesday it will strengthen the role of the country’s official budget watchdog under new laws that Prime Minister Keir Starmer hopes will boost Britain’s attractiveness to investors.

British consumers and businesses used cash in just 12% of transactions last year, a record low, although there was a rise in the small percentage of people who use cash for most day-to-day purchases, industry data showed on Wednesday.

By David Milliken LONDON (Reuters) - British business activity picked up this month, bolstered by the fastest manufacturing growth in two

New British finance minister Rachel Reeves will spell out on Monday the scale of the public finances mess she says she has inherited, potentially paving the way for tax rises that critics say she could have been more candid about before the election.