Reeves says diplomacy is ‘best economy policy’ as UK tax burden to mount April 15, 2026 Chancellor Rachel Reeves has said that de-escalating the war in the Middle East is the “best economic policy” to protect growth as the International Monetary Fund showed the UK tax burden was set to deepen at a faster pace than any country. Speaking at a CNBC event in Washington, Reeves doubled down on her attacks [...]
‘Vandalism’: Reeves and Starmer slammed over defence spending April 14, 2026 Rachel Reeves and Sir Keir Starmer have been slammed for a failure to provide defence with a substantial cash injection as a former Nato secretary general said an “ever-expanding welfare budget” would not keep the UK secure. Downing Street has come under fire for its delay in setting out a clear timeline for an uplift [...]
Healey: Defence investment is Starmer’s ‘highest priority’ April 10, 2026 Defence secretary John Healey has said defence investment is the Prime Minister’s “highest priority” as military officials wait for a long-awaited strategy paper on procurement and spending. At the London Defence Conference, Healey said Sir Keir Starmer has taken a “personal interest” in drafting the Defence Investment Plan, which was due to be published last [...]
‘Beautiful thing’: Trump moots US-Iran tax for ships in Strait of Hormuz April 8, 2026 President Trump has floated the prospect of a “joint venture” with the Iranian leadership on administering a tax on ships passing through the Strait of Hormuz in a new peace deal for the region. Trump said both the US and Iran could jointly tax ships passing through the stretch of water, which is critical for [...]
Rolls-Royce shares boom amid hopes of trade resumption April 8, 2026 Shares in the retail stock darling Rolls-Royce skyrocketed as investors went back to bullish ways on news of a ceasefire in the Middle East. The stock price for the engineering giant soared by as much as 10 per cent as trading opened. It meant the stock hit 1,259.80p. The jump in the share price will [...]
14 charts reveal the massive challenges facing UK and NATO defence spending April 7, 2026 Defence spending is casting a shadow over Downing Street. Military officers are in a state of despair. The choices facing Sir Keir Starmer are stark. The political calculus for the Chancellor, Rachel Reeves, has become more complicated than ever as the Iran war puts public finances in danger. Their difficulties go back to February 2025 [...]
Starmer moots closer ties with EU amid Trump row April 1, 2026 Sir Keir Starmer has mooted building closer ties on various sectors of the economy with the European Union after President Trump suggested he was considering pulling the US out of Nato. In a press conference on Wednesday, Starmer billed strengthening ties with the EU at an upcoming summit as part of a wider push to [...]
Exclusive: Mordaunt suggests only death of Brits would get UK to ‘wake up’ on defence March 30, 2026 Former defence secretary Penny Mordaunt has suggested that only the death of serving British soldiers would get the Prime Minister to “wake up” and fund extra defence spending. In an interview with City AM, the senior Tory figure said the current government’s spending plans for defence were “out of kilter” with reality given immediate threats [...]
Nato: Starmer’s defence spending pledge lagging behind March 26, 2026 Sir Keir Starmer’s pledge to upgrade the armed forces is facing renewed scrutiny after official Nato figures suggested that spending in defence was lagging ahead of a crucial expenditure target in 2027. Starmer said last year that the government would increase spending on defence to 2.6 per cent of GDP from 2027. But Nato, the [...]
Donald Trump is deluded, but so are we March 25, 2026 On the public finances, energy and national security, comforting rhetoric has concealed policy drift that has undermined the status quo it purported to uphold, says Alys Denby Donald Trump’s claims of an imminent end to the war in Iran may bear only a tenuous connection to reality – like his on/off tariff threats – but [...]