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Sky News Politics23 May 2026

UK faces 'economic catastrophe' unless it adapts to young people rewired by smartphones

The UK is facing an "economic catastrophe" unless it adapts to younger generations who have grown up in a digital world, a former minister has warned.

EconomyDefence
The Guardian Politics22 May 2026

UK pitched single market for goods with EU, as it pursues deeper trade ties

Exclusive: Top official presented idea in Brussels, but sources say EU rebuffed it The UK government pitched the creation of a single market for goods with the EU as the cornerstone of an ambitious attempt to reintegrate British trade back into Europe, the Guardian can reveal. During recent visits to Brussels, the Cabinet Office’s top official on EU relations, Michael Ellam, presented the idea to deepen the UK’s economic relationship with the bloc. Continue reading...

PoliticsEconomy
The Guardian Politics22 May 2026

The Guardian view on Britain’s coming energy shock: mini-measures won’t suffice | Editorial

Consumer giveaways may soften the blow from the the war on Iran. But Britain’s vulnerability demands deeper state intervention and a faster transition Rachel Reeves’s announcement of a series of cost of living measures this week shows a government trying to prove it still has agency and relevance. The VAT cuts on summer attractions such as theme parks and soft-play centres, free bus rides for the under-16s in England and reduced import tariffs on food are politically useful, but they do not fund

PoliticsEconomyDefence
Guido Fawkes22 May 2026

EXC: FCDO Chagos Mission Made No Progress Despite Costing Tens of Thousands of Pounds

Last month Guido related how yet another Foreign Office mission to Mauritius – seeking to revive the dead Starmer giveaway – was forced on the British taxpayer. Officials lived it up in sunny Port Louis, lovely work if you can get it… Now exactly four weeks on from the beginning of those in-person negotiations Guido…

Economy
The Guardian Politics22 May 2026

Wes Streeting insists he can win Labour leadership race despite ‘underdog’ status

In interview with Guardian, former health secretary sets out plans for government, including social care, tax and refugees Wes Streeting has insisted he can win over the Labour left, as he launches a shadow campaign for the party leadership, saying he has “beaten the odds” throughout his life and can do so again. The former health secretary, who called on Keir Starmer to resign as he quit the cabinet last week, warned Labour MPs that drifting on with Starmer in charge risked a Joe Biden situatio

PoliticsEconomyImmigrationDefence
BBC Politics22 May 2026

Government borrowing higher than expected in April

Borrowing, the difference between spending and income from taxes, was £24.3bn last month.

Economy
Conservative Home22 May 2026

How culture flowered, the economy collapsed and democracy died in the Weimar Republic

In this brilliant new history of Germany from 1919-33 we find the weaknesses which latter-day Germans have striven to avoid. The post How culture flowered, the economy collapsed and democracy died in the Weimar Republic appeared first on Conservative Home.

Economy
The Guardian Politics22 May 2026

Ditched government projects lost taxpayer £6.6bn last year, watchdog says

Spending committee finds MoD most wasteful and also points to cancelled schemes such as Rwanda and Stonehenge Cancelled government projects such as the Rwanda deportation scheme and the road tunnel under Stonehenge are wasting billions of pounds of taxpayer money a year, parliament’s spending watchdog has found. About £6.6bn was written off by government departments last year alone – state spending that did not achieve its intended objectives or create any value for the taxpayer, the public acco

PoliticsEconomyImmigrationRemigration
The Guardian Politics21 May 2026

Prospect of Labour leadership race brings out different sides of rivals

Burnham and Streeting’s latest stances confound caricatures of left and right as party faces electoral bind The Labour party has seemed to inhabit three parallel worlds over the past fortnight. There is a prime minister celebrating good news on the economy and lower migration figures and breezily insisting he will fight the next election, but with his party intent on deposing him. Continue reading...

PoliticsEconomyImmigrationHousing
Sky News Politics21 May 2026

Rachel Reeves fires up summer spending reminiscent of Rishi Sunak's COVID scheme

Rachel Reeves' Great British Summer Savings, a family-friendly bundle of VAT cuts for kids' meals and leisure attractions, and free bus travel to get to there, is reminiscent of a previous Treasury wheeze intended to lift spirits in a troubled summer - think Eat Out To Help Out, without social distancing or gnawing anxiety.

Economy
Guido Fawkes21 May 2026

Andy Burnham’s Policy Adviser Supported Nationalisation of Banks & Expropriation of Businesses

An ex-minister who is now advising Andy Burnham on policy has expressed support for a cocktail of far-left proposals that would cripple the economy. You think Reeves proposing food price caps was bad… Miatta Fahnbulleh, who served as a senior economic adviser to Angela Rayner and Ed Miliband before entering government as energy minister and…

Economy
The Guardian Politics21 May 2026

Reeves cuts VAT on summer days out to 5% as part of cost of living support

Chancellor says she will raise tax on global oil giants to help meet costs of plans and confirms freeze on fuel duty increases Business live – latest updates Rachel Reeves will cut VAT to 5% on summer attractions such as theme parks and softplay centres during the school holidays, as she aims to ease the impact of the war in Iran on cash-strapped households. The chancellor told MPs on Thursday she would also raise more tax from global oil firms operating in the UK, to help meet the costs of he

PoliticsEconomyDefence