Irina Anghel

A heat wave and the World Cup prompted Britons to splash out on pints of beer, clothes and electronics in June, potentially boosting economic activity.

Bank of England Governor Andrew Bailey said Britain needs to prioritize economic growth and maintain fiscal discipline, in a thinly veiled warning to incoming Prime Minister Andy Burnham

The UK economy unexpectedly grew in May, suggesting that consumers and businesses were more resilient than feared in the face of political turbulence and higher energy prices.

The UK economy is fragile and some of its weaknesses are particularly tough on younger people.

Britons put the Iran war energy shock behind them this month as the soccer World Cup and Prime Minister Andy Burnham’s promise to help with living costs lifted the national mood, according to a survey.

UK retail sales defied expectations again with a surprisingly strong rise in June, as sunny weather and the World Cup outweighed any concern among shoppers over the cost of living.

Prime Minister Andy Burnham said the UK should make it harder for Britons to claim benefits as the government seeks to tackle a soaring welfare bill.

UK mortgage approvals ticked up in June, with the housing market showing some resilience in the face of higher borrowing costs and political turbulence.

Since the pandemic, British families have been building a financial buffer for when they might need it most. That time seems to have come.

UK house prices returned to growth in July, one of the country’s largest mortgage lenders said, as buyers weather higher borrowing costs linked to the Iran war better than expected.