Foreign secretary James Cleverly has become the first secretary of state to admit departments face spending cuts, saying the Foreign Office will need to deliver to a “tighter budget”.

The UK government’s economic policies are “likely” to have caused a “great many more deaths” than the Covid pandemic, an academic has claimed.

The pound dropped to a fresh 37-year low against the dollar as the chancellor unveiled tens of billions of pounds of tax cuts and spending. Sterling declined by 0.89 per cent to 1.115 US dollars as Kwasi Kwarteng outlined his “growth plan” for...

Britain will bring back sales tax free shopping for overseas visitors to boost the country's flagging retail sector, finance minister Kwasi Kwarteng announced recently.

Health secretary Therese Coffey has promised a £500 million “down payment” for social care as part of plans to “rebalance” NHS and care funds. Unveiling her new plan for the NHS, Coffee also admitted NHS backlogs would rise before they fall.

The Bank of England increased the bank rate by 0.5 percentage points to 2.25 pc mailing it the highest level since 2008. The average monthly mortgage bill has now risen to £1,150, a jump of £349 since the beginning of the year, according to...

Consumers in UK are racing to exchange their old paper banknotes for new plastic versions, just over a fortnight before they cease to be legal tender at the end of September.

New Chancellor Kwasi Kwarteng is in talks with bank bosses to thrash out the details of a £40 billion bailout fund for energy firms. Bank of England governor Andrew Bailey is also in the talks amid mounting concerns over soaring wholesale gas...

More than a quarter of UK SMEs say they have had difficulties accessing finance from their main banks, according to new research.