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Chancellor Rachel Reeves Axes Projects After Reviewing $28 Billion Budget Hole

Rachel Reeves, the chancellor of the Exchequer, cut some infrastructure funding and pensions benefits, adding that more “difficult decisions” would come later this year.

What We Know About the Global Outage

Everything from airlines to banks to retailers were impacted in many countries.

E.C.B. Leaves Rates Unchanged but Keeps Door Open for September

The central bank left its key deposit rate at 3.75 percent as inflation in the eurozone is expected to fluctuate throughout the rest of the...

Amazon Workers Narrowly Reject Union Drive at British Warehouse

The vote, which would have forced the tech giant to negotiate collectively with workers, was the closest an Amazon center in Britain had come to...

U.K. Inflation Steady as Economists Puzzle Over ‘Taylor Swift Effects’

Consumer prices rose 2 percent in June from a year earlier, a bit higher than economists expected, with a big jump in hotel prices coinciding...

U.K. Inflation Steady as Interest Rate Cuts Hang in the Balance

Consumer prices rose 2 percent in June from a year earlier, in line with the Bank of England’s target for the second month in a...

Rachel Reeves, Britain’s First Female Chancellor, Turns to Janet Yellen for Inspiration

Rachel Reeves, who will oversee Britain’s budget, is expected to pursue an agenda influenced by Janet Yellen’s more activist approach to job-creation and investment in...

How Taylor Swift’s Eras Tour Might Affect Europe’s Economy

Economists are debating what effect the singer’s sweep through Europe will have this summer as swarms of fans increase demand for hotels and services.

Bank of England Holds Rates Steady, Despite Slower Inflation

Officials kept rates at their highest level since 2008 for a seventh consecutive meeting, even as inflation dipped to 2 percent in May.

How Britain’s Economy Became So Stagnant

After more than a decade of deep budget cuts, slow growth and weak productivity, the country has struggled to overcome years of uncertainty and underinvestment.