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Daunting challenges await Starmer's government, including a stagnating economy, creaking public services and households suffering from a years-long cost-of-living crisis

New UK PM Declares Rwanda Migrant Plan 'Dead And Buried'

Newly elected UK prime minister Keir Starmer on Saturday began his first full day in charge declaring the ousted Tories' plan to deport migrants to Rwanda "dead and buried" and pledging growth as his government's "number one mission".
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Rachel Reeves has become the UK's first woman finance minister

Rachel Reeves: Britain's First Woman Finance Chief

Rachel Reeves, Britain's first woman finance minister, is a former child chess champion and Bank of England economist who has pledged to grow the nation's economy while showing strong fiscal discipline.
The risk of a resurgence in inflation and the July 4 election are seen as keeping the Bank of England from starting to cut rates at its Thursday meeting

As Election Looms, BoE Set To Sit Tight On UK Rate

The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's looming election preventing a cut, according to analysts.
Prime Minister Rishi Sunak is launching his Conservative party's general election manifesto

UK's Sunak To Unveil Tax-cutting Manifesto

British Prime Minister Rishi Sunak will promise voters "financial security" and tax cuts when he unveils his Conservative party manifesto on Tuesday, following a disastrous week that even led to rumours he might quit.