Philip Aldrick

UK Treasury officials are concerned that the prime minister’s talk of using “flexibility” within the fiscal rules to ramp up investment could backfire by destabilizing financial markets, according to people familiar with the thinking.

(Bloomberg) -- UK Treasury officials are concerned that the prime minister's talk of using "flexibility" within the fiscal rules to ramp up investment

US Treasury Secretary Scott Bessent’s interventionist summer has already led to pushback and questions about his credibility in financial markets. Now he faces a test with global peers.

Former UK Prime Minister Keir Starmer is leaving British politics after deciding to step down as a Member of Parliament.

UK Prime Minister Andy Burnham was confronted by the harsh reality of Britain’s weak public finances on his return to parliament on Tuesday as the global selloff in government bonds left him facing a £12 billion problem.

More than a third of companies backed by the UK government under a rescue program during Covid have gone bust, costing the taxpayer £423 million ($571 million).

John Healey wants “to gets things done,” Britain’s new finance minister said in his first major speech on Monday. The problem is that the country’s fiscal position keeps deteriorating as conflict in the Middle East rumbles on, leaving Healey with few major tax and spending levers at his disposal.

UK borrowing is still too high and growth is still fragile, Chancellor of the Exchequer John Healey told the House of Commons on Tuesday as he faced calls to rule out tax rises at next month’s budget.

The withdrawal of government-funded childcare support for British parents earning six-figure salaries is so costly that a family’s main earner would need a £24,000 ($32,500) pay rise just to avoid being worse off, new research has found.

A machine learning model built by Bloomberg Economics that uses past decisions to predict future policy expects the Bank of England to raise interest rates in February, earlier than most forecasters.