Financial Services UK
![Alan Taylor appointed to BoE’s Monetary Policy Committee, succeeding Jonathan Haskel](https://www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/08/16/GettyImages-2151593365.jpg)
Alan Taylor appointed to BoE’s Monetary Policy Committee, succeeding Jonathan Haskel
Taylor replaces Jonathan Haskel, who dissented against this month’s interest rate cut.
![UK economy grew robustly in Q2 — but that’s as good as it gets, for now](https://www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/08/15/GettyImages-84421445-scaled.jpg)
UK economy grew robustly in Q2 — but that’s as good as it gets, for now
![Russian oligarch files $16B claim against Luxembourg over frozen assets](https://www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/08/14/GettyImages-81585889-scaled.jpg)
Russian oligarch files $16B claim against Luxembourg over frozen assets
![UK inflation rose in July but underlying picture improves](https://www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/08/14/GettyImages-2164143478-scaled.jpg)
UK inflation rose in July but underlying picture improves
![UK Treasury failed to tell watchdog about senior official’s Labour donation](https://www.politico.eu/cdn-cgi/image/width=480,height=301,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/08/13/12395495-scaled.jpg)
UK Treasury failed to tell watchdog about senior official’s Labour donation
![UK wage growth slows to new 2-year low](https://www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/08/13/GettyImages-1237409925-scaled.jpg)
UK wage growth slows to new 2-year low
![Houthi rebels and the EU make your coffee more expensive](https://www.politico.eu/cdn-cgi/image/width=480,height=320,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/08/12/iStock-1411630132.jpg)
Houthi rebels and the EU make your coffee more expensive
A paradise for corruption: Britain tries to clean up its dirtiest secret
The British Virgin Islands mix fun in the sun with dark money. Will the UK’s new Labour government act?
Harris, Trump see votes in not taxing tips. Experts see trouble.
Deficit hawks, tax wonks blanch at the unintended consequences of the politically popular idea.
A killjoy’s guide to how the financial turmoil might screw up your life
What could possibly go wrong?
Labour donor bags plum UK Treasury job
Banker Ian Corfield is appointed to a top role in the civil service just months after donating thousands of pounds to Chancellor Rachel Reeves.
Family ties to ousted Bangladesh PM heap further pressure on UK City minister
The heat is being turned up on Tulip Siddiq, whose aunt is ousted Bangladesh PM Sheikh Hasina, after she failed to register rental income from a property in London.
Why the stock market is plunging — and what it means politically
The odds that the U.S. will fall into recession are still relatively low, particularly given that consumers continue to spend at a healthy clip. But the risks are mounting.
Labour plots radical shake-up at heart of British government
Cabinet Office faces being stripped back to core functions with 80 percent of staff moving out of the department, under plans for reform.
The UK’s first rate cut in four years is awkward for Labour
The U.K.’s finance minister spent all week saying Britain’s economy is broken. Then the BoE cut interest rates.
Bank of England cuts key interest rate to 5 percent, saying inflation threat has eased
First decrease since 2020 eases pressure on businesses a month after Keir Starmer became prime minister.
BoE set for knife-edge decision on first rate cut
Relief is in sight — but it’s still not a done deal.
Labour dares to take on Britain’s boomers
New government pares back pensioner payments and vows to build more houses — but it’s a big gamble.
5 ways Labour says Britain is broken
Labour attack dossier lays out holes in Britain’s finances — which the Tories dismiss as simply a political excuse to raise taxes.
Europe’s €10 trillion gamble
From Athens to Berlin, governments are coalescing around an idea to turbocharge the economy. If successful, it could be transformative ― but it’s a big if.
Is Brexit Britain about to turn into Switzerland — without the fondue?
As the U.K. and the EU enter a new era, their relationship is likely to gradually become more Swiss.
Labour steals Tory playbook for financial blame game
Labour, with an eye on the next election, wants voters to hear that the public finances are worse than they thought — so blame the Tories for higher taxes.
Yellen says $3T of fresh capital is needed annually to fight climate change
The Treasury secretary called the shift to a low-carbon global economy “the single greatest opportunity of the 21st century.”
G20 countries agree on need to tax the super-rich — but later
Governments to start looking at question of tax on billionaires, according to statement seen by POLITICO.
Germany wants a Brexit mega deal
Berlin wants to expand the British prime minister’s proposed security pact into a broader EU-UK “reset.”
Trump courting crypto industry could spell trouble for Europe
Trump’s about-turn on crypto-assets — and his pick of crypto-evangelist running mate JD Vance — resurfaces a nightmare scenario for EU policymakers.
EU, US near deal on $50B loan to Ukraine
Loan would be paid back using profits from invested frozen Russian assets.
Ukraine strikes deal to delay debt repayments
The deal gives Kyiv vital breathing space, and is set to be flanked by fresh tax increases and money generated by frozen Russian assets.
UK launches pensions review in bid to boost investments
The landmark review into the pensions and investment market seeks ways to boost the investment potential of support schemes while equally optimizing savings for pensioners.
UK ‘nowhere near’ renegotiating trade deal with EU, says David Lammy
The British foreign secretary’s comments come as leaders descend on Blenheim Palace in Oxfordshire for a meeting of the European Political Community.
UK inflation stays at 2 percent target in June
But services are still making life difficult for the Bank of England.