Philip Aldrick

UK Prime Minister Rishi Sunak is arriving back from the Group of Seven summit in Japan facing yet another cabinet scandal and Conservative Party finger-pointing over soaring migration numbers.

(Bloomberg) -- Prime Minister Rishi Sunak will consult his ethics adviser Monday on whether Home Secretary Suella Braverman violated the ministerial code over her handling of a speeding ticket last year, a scandal that threatens to exacerbate fast-growing splits in the governing Conservative Party.Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’China’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalZe

Philip Aldrick, Kitty Donaldson & Alex Wickham / Bloomberg News

UNITED KINGDOM Prime Minister Rishi Sunak is arriving back from the Group of Seven summit in Japan facing yet another cabinet scandal and Conservative Party finger pointing over soaring migration numbers. At the center of both issues is Home Secretary Suella Braverman, an advocate of cutting back immigration who has…

The Bank of England expects to halve the size of its quantitative-easing portfolio to around £400 billion ($500 billion) over the next few years as commercial banks trim their demand for the safest of central bank assets, according to an internal BOE analysis.

The UK government borrowed more than forecast in the first month of the fiscal year as debt interest payments and cost-of-living support measures for consumers drove spending higher.

The UK economy will grow faster than Germany this year and avoid a recession, the International Monetary Fund said, after sharply upgrading its forecast on the back of strong household spending and better relations with the European Union.

The UK economy will grow faster than Germany this year and avoid a recession, the International Monetary Fund said, after sharply upgrading its forecast on the back of strong household spending and better relations with the European Union.

Brexit is responsible for a third of UK food price inflation since 2019, according to research by the London School of Economics that undermines efforts by the government to show the EU divorce has benefited Britain.

One of the three key officials in charge of the UK government’s budget watchdog is to step down for a role in the private sector before the Chancellor’s autumn statement due later this year.