uk-economy

Image for UK PM gives full backing to Reeves after tearful appearance in parliamentHeadlines

UK PM Gives Full Backing to Reeves After Tearful Appearance in Parliament

Image for Sterling nudges lower but still near multi-year highs, looking past UK politicsFinance

Sterling Nudges Lower but Still Near Multi-Year Highs, Looking Past UK Politics

Image for UK stocks fall on concerns over state finances after costly U-turnsFinance

UK Stocks Fall on Concerns Over State Finances After Costly U-Turns

Image for BoE's Taylor warns soft landing for UK economy at risk, sees more rate cutsFinance

BoE's Taylor Warns Soft Landing for UK Economy at Risk, Sees More Rate Cuts

Image for U-turns wipe out UK welfare savings and strain budget, analysts warn

U-Turns Wipe Out UK Welfare Savings and Strain Budget, Analysts Warn

Date: July 2, 2025

By Andy Bruce MANCHESTER, England (Reuters) -Prime Minister Keir Starmer's U-turns to pass welfare reforms mean the plans will no longer save taxpayers any money and have shredded the margin Britain...

Image for UK baker Greggs warns of profit dip as heatwave deters customers

UK Baker Greggs Warns of Profit Dip as Heatwave Deters Customers

Date: July 2, 2025

(Reuters) -British baker and fast food chain Greggs said on Wednesday its annual operating profit could be modestly below last year's levels, as unusually high temperatures in the UK discouraged...

Image for UK's Topps Tiles posts 10% rise in quarterly sales; shares soar

UK's Topps Tiles Posts 10% Rise in Quarterly Sales; Shares Soar

Date: July 2, 2025

(Reuters) -British tile retailer Topps Tiles posted a 10.1% increase in third-quarter adjusted sales on Wednesday on strong demand from builders and contractors and signs of recovery from homeowners. ...

Image for UK pay awards rise to 3.4% in three months to May, IDR survey shows

UK Pay Awards Rise to 3.4% in Three Months to May, Idr Survey Shows

Date: July 2, 2025

LONDON (Reuters) -Average annual pay awards offered by British employers rose in the three months to May, after an increase in the minimum wage boosted pay significantly for some lower-paid workers, a...

Image for Motor racing-F1 talks up Silverstone's 'forever' future before Starmer meeting

Motor racing-F1 Talks up Silverstone's 'forever' Future Before Starmer Meeting

Date: July 1, 2025

By Alan Baldwin LONDON (Reuters) -Silverstone circuit could stay on the Formula One calendar forever with no real rival to host the British Grand Prix, the sport's chief executive Stefano Domenicali...

Image for Santander bolsters presence in UK with acquisition of TSB for $3.64 billion

Santander Bolsters Presence in UK With Acquisition of Tsb for $3.64 Billion

Date: July 1, 2025

By Jesús Aguado MADRID (Reuters) -Spain's Santander on Tuesday said it had reached an agreement to acquire smaller local rival Sabadell's British unit TSB for 2.65 billion pounds ($3.64 billion) in an...