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Bank of England (BoE) building seen in London

BoE torn over whether to join big rate hike club

The Bank of England must decide next week whether to join the ranks of central banks rushing out their biggest interest rate hikes in decades, or whether the warning signs of a recession mean it should tread more cautiously.
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People walk through the financial district of Canary Wharf, London, Britain 28 September 2017.

Inflation surge pushes up Britain's budget deficit

A surge in debt costs - pushed up by soaring inflation to twice their previous monthly peak - added to Britain's budget deficit in June, which was its highest since April 2021, data showed on Thursday.
Heatwave in Britain

Britain counts cost of historic heatwave as 13 die

At least 13 people have died in Britain while swimming during a spell of record-breaking hot weather that sparked wildfires, damaged train tracks and triggered warnings that efforts to tackle climate change needed to be stepped up.
The London skyline from Canary Wharf

Britain kicks off post-Brexit 'transformation' of finance

British financial regulators will have to promote the global competitiveness of the country's financial sector, though a plan for more government oversight of their work has been put on hold for now, finance minister Nadhim Zahawi said on Tuesday.
Campaigners say the heatwave gripping Europe is a reminder that climate change is an existential threat

Britain on course for hottest day on record

Britain was on course for its hottest day on record on Monday with temperatures forecast to hit 40C for the first time, forcing train companies to cancel services, schools to close early and ministers to urge the public to stay at home.
At Farnborough, US titan Boeing and its European arch-rival Airbus will battle for supremacy as they declare their latest multi-billion-dollar jet orders

Farnborough Airshow Opens Amid Heatwave

Global aviation's Farnborough airshow opens Monday amid a sweltering heatwave, with the sector aided by a modest recovery in air traffic and with Ukraine boosting defence budgets.
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