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      UK growth downgraded as firms measure hit from Iran turmoil

      A quarter of UK employers are planning to make redundancies over the next three months.

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Politics

  • Criminal investigation launched into Mandelson’s Downing Street ‘leaks’

    February 3, 2026

    A criminal investigation has been launched into Peter Mandelson, according to reports. The news comes after the scandal-hit politician decided to step down from the House of Lords following fresh pressure on the Labour veteran after the latest bombshell drop of the Epstein files. The Lord Speaker said on Tuesday afternoon Mandelson would exit the [...]

  • Crackdown on social media migrant adverts to begin, Home Office says

    February 1, 2026

    Social media users who tout illegal routes into the UK face up to five years in prison, starting on Monday. The Home Office will activate part of the Border Security, Asylum and Immigration Act, passed last year, as part of its crackdown on adverts telling migrants how they can circumvent immigration checks. Border security minister [...]

  • Mandelson told Epstein he was ‘trying hard’ to change bank bonus rules

    February 1, 2026

    Peter Mandelson told Jeffrey Epstein he was “trying hard” to change government policy on bankers’ bonuses at his request, months after Epstein had paid thousands of pounds to the then UK business secretary’s husband and the 2008 financial crash. Emails released by the Department of Justice on Friday showed new details of the closeness of [...]

  • Dollar slides as ‘loss of confidence’ in US policy spikes debasement fears

    January 28, 2026

    The US dollar had its worst day since President Donald Trump’s ‘Liberation Day’ tariff onslaught on Tuesday as investors dumped their exposure to the greenback. The DXY index – which tracks the dollar against a basket of other currencies – has slumped over two per cent since the beginning of the year. Amidst the dollar [...]

  • Trump to raise tariffs on South Korea to 25 per cent

    January 27, 2026

    US President Donald Trump has said he will increase tariffs on South Korea to 25 per cent, after accusing Seoul of “not living up” to the trade deal reached late last year. In a Truth Social post on Monday, Trump said the increase would apply to a range of products including lumber, automobiles, pharmaceuticals and [...]

  • Scottish higher earners at risk of being hammered with more tax

    January 13, 2026

    Higher earners in Scotland could pay over £1,000 more in extra tax, as the Scottish Finance Secretary copies Rachel Reeves’ Autumn Budget playbook. Finance Secretary Shona Robison opted to raise the tax threshold for both basic and intermediate tax payers, but left the higher rate unchanged, which is likely to drag more earners into higher [...]

  • Trump official warns UK on ‘Russia-style’ X ban after Grok row

    January 11, 2026

    A key Trump administration official has sent the UK a firm warning following speculation Elon Musk’s X platform may face a ban after a scandal around AI-generated images. Sarah Rogers, under-secretary for public diplomacy at the US State Department, issued a series of messages criticising the UK on the rumoured ban. Rogers said the UK [...]

  • Venezuela proves farce of political forecasting

    January 6, 2026

    If history teaches us anything, it's that political forecasters almost always get it wrong. Just look at Venezuela, writes Paul Ormerod.

  • Starmer: I’ll still be prime minister going into 2027

    January 4, 2026

    Prime Minister Sir Keir Starmer has insisted he will still leading the country this time next year, dismissing concerns about his leadership, despite growing rumours about challenges within the party. The Labour leader said that frequent leadership changes were not in the national interest, taking note of the “chopping and changing” of prime minister under [...]

  • Venezuelan President Nicolas Maduro indicted in New York on drugs and weapons charges

    January 3, 2026

    Venezuelan President, Nicolas Maduro, will stand trial in the US, after both he and his wife were captured and flown out of the country by US special forces on Saturday morning. US Attorney General, Pam Bondi, has confirmed that both Maduro and his wife have been indicted in the Southern District of New York. Bondi [...]

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