The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its…

Policymakers who set interest rates for the 20 countries that use the euro have lowered rates in back-to-back meetings for the first time since 2011.

Four decades after privatization, calls to nationalize the water industry have swept across England and Wales amid sewage spills and rising household bills.

Investors now expect the European Central Bank to lower interest rates at its next meeting in October.

Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.

The British central bank has emphasized its intention to move steadily to ensure that inflation continues to slow.

Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing.

For the second time in five years, the parent company of the shipyard in Belfast, Northern Ireland, will enter administration, with Royal Navy contracts in…

The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy.

After ending last year in a recession, Britain’s economy has so far bounced back this year.