The British government announced an expansion of free child care, extended household energy subsidies and bolstered business investment incentives on Wednesday as ministers attempt to pull the nation’s economy out […]
Sunak, Rishi (1980- )
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Back to news homeUK Braces for Strikes Across Several Industries Through Christmas
Rarely would a brewery, a nonprofit housing organization and a pickle factory have much in common. But this week in Britain, workers at all three walked off the job in […]
U.K. Backs Giant Nuclear Plant, Squeezing Out China
The British government on Tuesday threw its weight behind nuclear power, saying it would back a major new generating plant on the coast of the North Sea northeast of London.The […]
U.K. Economy Shrinks as Threat of Recession Nears
The ride down may be shallow or steep, but either way, the European Union and Britain could be starting to slide into recession.The British economy shrank by 0.2 percent over […]
Rishi Sunak, New UK Prime Minister, Delays Economic Plan
Mr. Sunak’s government, seeking more time to make the “right decisions,” will deliver its first economic plan on Nov. 17 instead of Monday. Read More
U.K. Announces Windfall Tax on Oil and Gas Profits
LONDON — The British government said it would use a windfall profits tax on oil and gas companies to help raise funds for direct payments to households, totaling about 15 […]
Russia-Ukraine War Is Reshaping How Europe Spends
Nicolae Ciuca spent a lifetime on the battlefield before being voted in as prime minister of Romania four months ago. Yet even he did not imagine the need to spend […]