United Kingdom

Economy Headlines

UK unlikely to balance budget by mid-2020s - IFS's Johnson

Britain has only a "remote" chance of balancing its public finances by the mid-2020s, as sought by the government, and reversing the fiscal damage from the financial crisis will take more than 40 years on current plans, a leading think tank said on Thursday.

Britain to hike levy on diesel cars

Britain will increase the tax paid by those driving new diesel cars that do not meet the latest emissions standards from next year, in the latest blow to the hard-pressed sector.

Exports drive UK car output higher in October

British car production rose by an annual 3.5 percent in October as an increase in demand from abroad outweighed a decline in output for domestic buyers, an industry body said on Thursday.