Political News
Rishi Sunak announces 4 July general election
Prime minister Rishi Sunak announced on Wednesday that a general election will be held on 4 July, following a day of intense speculation in Westminster.
IMF upgrades UK growth forecast, warns against tax cuts
The International Monetary Fund (IMF) revised its growth forecast for the UK economy on Tuesday, projecting a “soft landing” with a faster-than-expected recovery following last year's mild recession.
Foreign bid for Royal Mail would face security review - Hunt
Any takeover bid for the Royal Mail owner International Distributions Services would be subject to routine national security scrutiny but it would not be opposed in principle, British Finance Minister Jeremy Hunt said on Friday.
Biden administration to hike tariffs on $18bn of Chinese goods
The Biden administration announced significant tariff increases on $18bn worth of Chinese imports overnight on Monday, targeting sectors such as electric vehicles (EVs), solar panels, steel, aluminium, and more.
Treasury reportedly planning significant sale of NatWest stake
The Treasury is finalising plans for a significant sale of its remaining stake in NatWest Group, it was reported on Monday, in a bid to expedite the bank's privatisation and stimulate retail investment in the UK.
Trainline says Labour has no plans to revive UK ticket app, website
Britain's opposition Labour Party has no plans to revive government plans to introduce a national rail ticket website and app if it wins the next General Election, online platform Trainline said on Friday.