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Express Politics19 May 2026

Brexit betrayal fears surge as Starmer's EU youth scheme risks 'widespread unrest'

EXCLUSIVE: The tax consultant raised particular concerns about housing, noting the rental market had already suffered from the Renters Rights Act.

EconomyHousing
The Guardian Politics19 May 2026

No feelgood factor for Reeves as Iran war snuffs out economic upturn

Rise in unemployment and weak pay growth underline how tough this year will be for UK households UK unemployment unexpectedly rises to 5% Business live – latest updates News that the UK unemployment rate jumped back to 5% in March appears to be the latest evidence that the Iran war has snuffed out the economic upturn Rachel Reeves had hoped to see in 2026. The Office for National Statistics reports that, after an unexpected fall in the unemployment rate to 4.9% in last month’s data, it ticked

EconomyDefence
BBC Politics18 May 2026

Faisal Islam: Burnham seeks to calm markets by committing to fiscal rules

Greater Manchester Mayor Andy Burnham is looking to manage the markets as well as the Makerfield byelection

PoliticsEconomy
BBC Politics18 May 2026

Faisal Islam: Burnham seeks to calm markets by committing to fiscal rules

Greater Manchester Mayor Andy Burnham is looking to manage the markets as well as the Makerfield byelection

PoliticsEconomy
The Guardian Politics18 May 2026

‘Dodgy’ shops handling criminal cash targeted by new unit

Estimates suggest £1bn a year is laundered through high street businesses, with some connected to tax evasion, drugs and counterfeit goods “Dodgy” retail outlets such as vape stores, barbers, mini-marts and sweet shops suspected of being used to launder £1bn of criminal money will be targeted by a new specialist unit, the government has said. A £20m National Crime Agency cell will run and coordinate investigations and raids into businesses suspected of acting as fronts for gangsters, the Home Of

EconomyCrime
The Guardian Politics18 May 2026

Andy Burnham’s change in tack on fiscal rules and bond markets is understandable

Bookies’ favourite to replace Keir Starmer tones down stance on government borrowing to assuage City investors UK politics live – latest updates Andy Burnham has always faced a narrow path to replace Keir Starmer as prime minister: a tricky byelection, a leadership contest that is yet to be declared, and a far from constructive bond market backdrop. In making his pitch, assuaging City investors in particular has led the Greater Manchester mayor to dance on a pin. Continue reading...

PoliticsEconomy
The Guardian Politics18 May 2026

HS2: Heidi Alexander to set out true cost of rail project – and when trains will begin to run

Transport secretary to give budget details of troubled high-speed line, which backers hope will stay well below £100bn The latest estimate of the cost of HS2 and a timetable to complete construction of the high-speed railway will be set out by the government on Tuesday, including plans to run trains slower to trim costs. The transport secretary, Heidi Alexander, is expected to give the first official reckoning of the troubled project’s budget in 2026 prices, which HS2’s backers hope will remain

Economy
The Guardian Politics18 May 2026

Reeves poised to cancel planned fuel duty rise to help with cost of living

Chancellor has been under pressure to extend 5p temporary cut at an estimated cost to government of £2.4bn a year UK politics live – latest updates Rachel Reeves is planning to cancel a rise in fuel duty this week when she unveils a package of measures to reduce the cost of living. The chancellor will announce she will not put up the tax by 1p as was due to happen in September, government sources said, and she could cancel all of a 5p rise that is due to happen in stages over the subsequent si

PoliticsEconomy
Express Politics18 May 2026

HMRC confirms £1 'cliff edge' that could see pensioners lose entire tax exemption

HMRC has confirmed a £1 "cliff edge" that could see pensioners lose their entire tax exemption should they unknowingly make a certain payment.

Economy
Express Politics18 May 2026

Reeves reacts after IMF revises UK growth over Iran war

The cost of living looks set to continue going up

EconomyDefence
Express Politics18 May 2026

Santander and Natwest react after Reeves' major new Barclays, HSBC and Lloyds rule change

The Treasury today set out its plans in a bid to boost the economy

Economy
Guido Fawkes18 May 2026

IMF: British Tax Take Hits Ceiling & Labour Leadership Race to Hurt Growth

In its latest global outlook the IMF has warned that there is “limited fiscal space” and borrowing costs already “elevated.” Paging Mr Burnham… The international forecaster warned “domestic uncertainty” could hit the UK economy along with the Iran war could hit growth just as it upgraded its forecast for this year. Reeves will be handing…

EconomyDefence