Philip Aldrick

The Bank of England successfully sold £750 million ($911 million) of gilts despite recent market turmoil that has prompted calls for it to pause its quantitative-tightening program.

Chancellor of the Exchequer Rachel Reeves will speak in Parliament for the first time on Tuesday since the UK was rocked by market turbulence, one of several potential flash-points for the Labour leadership this week.

(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves will speak in Parliament for the first time on Tuesday since the UK was rocked by market turbulence, one of several potential flash-points for the Labour leadership this week.

(Bloomberg) -- UK inflation unexpectedly cooled for the first time in three months in December, keeping alive hopes of a Bank of England interest-rate cut next month and potentially soothing market jitters surrounding the British economy.

Britain’s economy returned to growth in November but fell short of expectations as the UK struggles to shake off concerns that the country in the grip of stagflation.

The International Monetary Fund has offered only luke-warm support for Rachel Reeves’ big-spending budget, upgrading its growth forecast for this year by just 0.1 percentage points and leaving it as the third fastest growing Group of Seven economy behind the US and Canada.

Prime Minister Keir Starmer has urged patience in what he promises will be a “decade of renewal” for the UK. The recent swings in City of London financial markets show that time is a luxury he doesn’t have.

Shares of UK lenders soared on Tuesday after Chancellor Rachel Reeves sought to intervene in a landmark case before the Supreme Court over historic practices in their motor finance businesses.

Chancellor of the Exchequer Rachel Reeves said the chair of Britain’s antitrust watchdog stepped down because he knew it was time to “make way for someone who does share the mission” of her Labour government to prioritize growth.

Chancellor of the Exchequer Rachel Reeves’ extension of inheritance tax to UK farms may raise less than hoped in the longer term as families use tax planning to avoid the levy, according to an analysis by the Office for Budget Responsibility.