Bank of England Chief Economist Huw Pill has signaled that interest rates may need to remain high for longer than previously expected to tackle persistent inflation. Speaking at a recent conference, Pill warned that inflationary pressures could prove more stubborn, requiring a prolonged period of tight monetary policy to bring[Read More…]

The UK’s unemployment rate has increased to 4.5% as of April 2025, the highest level since 2021. This marks a slight rise from 4.4% in the previous month and signals a softening labor market. Payroll employment also declined by 33,000 in April, and job vacancies dropped by 42,000 in the[Read More…]

The Labour Party is facing mounting internal tensions after announcing a sweeping overhaul of the UK’s immigration system, prompting fierce backlash from major trade unions. The newly unveiled white paper, titled “Restoring Control Over the Immigration System,” outlines proposals to raise the residency requirement for citizenship from five to ten[Read More…]