Britain’s new Treasury chief says she will run the economy with “iron discipline.”.

British Treasury chief Jeremy Hunt is seeking to bolster spirits within his Conservative Party with a series of tax cuts that he hopes can turn the political tide ahead of a general election this year.

The British economy fell into recession at the end of 2023 as output shrank more than anticipated in the final three months of the year.

The International Monetary Fund’s chief economist has advised the U.K. government to avoid further tax cuts amid expectations Prime Minister Rishi Sunak’s battered administration will do just that to win over voters in an election year.

Britain’s Conservative government has sought to regain the political initiative with a series of tax cuts for businesses and individuals that it hopes will boost its chances in a national election next year that opinion polls suggest it will lose.

U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling.

The British economy flatlined in the third quarter of the year.

Britain’s Treasury chief has announced a hike in the national minimum wage.

Around 3,000 workers at Britain’s biggest steelworks face the prospect of losing their jobs as part of a government-backed package to make the plant “greener.”.

Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation.

Leaders of unions representing hundreds of thousands of nurses, ambulance crews and other health care workers in England have reached a deal to resolve months of disruptive strikes for higher wages.

The U.K. is likely to avoid a recession this year, Treasury chief Jeremy Hunt said Wednesday, adding a bit of surprise to what had been billed as a boring budget meant to restore confidence and stability in the nation’s finances.

Depositors withdrew savings, and investors broadly sold off bank shares as the federal government raced to reassure Americans that the banking system is secure following two bank failures.

Tensions over Russia's war on Ukraine have flared at meetings of finance ministers and central bank chiefs in India.

Britain’s Treasury chief says taming inflation is more important than cutting taxes.

Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center.

The British government is denying a report that it is seeking a “Swiss-style” relationship with the European Union that would remove many of the economic barriers erected by Brexit.

Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation.

Millions of people across Britain are facing higher taxes and energy bills after the government announced an emergency budget focused on restoring the country’s financial credibility and bolstering an economy battered by soaring inflation.

Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans Thursday.

Millions are hoping British Prime Minister Rishi Sunak finds money to help them survive a cost-of-living crisis when the government releases its spending plans Thursday.

Britain’s Treasury chief, Jeremy Hunt, has warned that a spending crunch and tax increases are on their way as he bids to fill the “black hole” in the country’s finances.

Statistics show that Britain’s economy shrank in the three months to September, and forecasters are warning of many months of contraction to come.

UK Treasury Chief Jeremy Hunt has delayed his much-anticipated economic statement until Nov. 17.

Rishi Sunak has faced the opposition in Parliament for the first time as Britain's prime minister, promising to restore economic stability after his predecessor’s tax plans triggered market tumult.

Rishi Sunak has become Britain’s third prime minister this year.

British government debt rose to the highest level in almost 60 years last month and retail sales slumped.

British Prime Minister Liz Truss took office last month with hopes and promises of reinvigorating the British economy and putting it on the path to long-term success.

Liz Truss’ resignation as British Prime Minister has triggered another leadership race — the second in just four months — for the U.K.’s fractured and demoralized Conservative Party.

British Prime Minister Liz Truss quit Thursday after a tumultuous and historically brief term in which her economic policies roiled financial markets and a rebellion in her political party obliterated her authority.

The government of British Prime Minister Liz Truss is teetering on the verge of collapse, just hours after she vowed to keep governing.

British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents.

As British Prime Minister Liz Truss struggles to retain her authority, one man is seen to be in the real position of power to restore order and credibility to the Conservative government and limit the damage caused by Truss’ economic plans.

New U.K. Treasury chief Jeremy Hunt has reversed most of an economic package announced by the government just weeks ago, including a planned cut in income taxes.

British Prime Minister Liz Truss has only been in office for six weeks.

The new U.K. Treasury chief has insisted that Prime Minister Liz Truss retains control of her government despite having to roll back her signature economic policies weeks into her premiership.

Britain’s new Treasury chief has acknowledged mistakes made by his predecessor and suggested that he may reverse much of Conservative Prime Minister Liz Truss’ tax-cutting plans, in order to bring stability to the country after weeks of economic and political turbulence.

British Prime Minister Liz Truss has abandoned a planned cut to corporation tax, scrapping a key part of an economic plan that sparked weeks of market and political turmoil.

Two candidates have been knocked out of the race to replace British Prime Minister Boris Johnson.

The race to succeed Prime Minister Boris Johnson is being called Britain's most diverse political leadership campaign.

Nominations in the race to replace British Prime Minister Boris Johnson have closed, with eight Conservative lawmakers securing enough support from their colleagues to make the first ballot.

Candidates to replace Boris Johnson as Britain’s prime minister are scattering tax-cutting promises to woo their Conservative Party members.

Potential successors to British Prime Minister Boris Johnson are rushing to differentiate themselves from an increasingly crowded field.

A British Cabinet minister tipped to be a frontrunner in the Conservative Party’s leadership race has ruled himself out of the contest.

The contest to succeed British Prime Minister Boris Johnson has begun after he announced he is resigning as Conservative Party leader.

Britain’s beleaguered Prime Minister Boris Johnson is determined to cling to power despite an open revolt within his Conservative Party.

British Prime Minister Boris Johnson managed to narrowly win a no-confidence vote from his own Conservative Party, but the result dealt a heavy blow to his authority.

Georgia's senior congressman is facing his toughest challenge from Republicans in more than a decade.

British Prime Minister Boris Johnson is walking a political tightrope as he faces increasing attacks from both friends and enemies amid a surge in COVID-19 infections.

The independent body advising the British government on the rollout of coronavirus vaccines says the direct health benefits of offering the jabs to all healthy 12-to-15-year-olds are marginal.

Tourists and the travel industry are venting frustration and anger after Britain's government reversed a plan to ease travel restrictions on France just two days after they were due to start.

Britain's Prime Minister Boris Johnson reacts while leading a virtual press conference on the Covid-19 pandemic, inside 10 Downing Street in central London Tuesday Jan. 26, 2021. The government said 100,162 people have died in the pandemic after testing positive for the virus, including 1,631 new deaths reported Tuesday. U.K. statistics agencies say that the number of deaths registered that mention COVID-19 on the death certificate is more than 108,000. British authorities are banking on a successful vaccination program to help the country suppress the outbreak and ease the lockdown. People arriving in the U.K. from abroad also must show they have tested negative for COVID-19.

Dominic Cummings, top aide to British Prime Minister Boris Johnson, leaves his home in north London, Wednesday, May 27, 2020. (Kirsty O'Connor/PA via AP)LONDON Senior British lawmakers are set to question Prime Minister Boris Johnson on Wednesday amid growing pressure to fire his closest adviser for allegedly flouting COVID-19 lockdown rules. Now, I think, is the time for us all to move on,'' Housing and Communities Secretary Robert Jenrick told the BBC. But Johnson appears determined to retain the aide seen as instrumental to his rise to power even if it erodes public trust in Britains response to the pandemic. One senior lawmaker on the panel, former Health Secretary Jeremy Hunt has already said Cummings broke the rules.

(CNN) - Hardline Brexiteer Boris Johnson has won the UK's Conservative Party leadership contest and will take over from outgoing Prime Minister Theresa May when she steps down on Wednesday. Turning his attention to Brexit, Johnson said that he read in the Financial Times newspaper that no new leader has ever faced such a daunting set of circumstances. As prime minister, Johnson, 55, will inherit the same problems of a deeply divided Parliament -- and nation -- when he assumes the role. During the 2016 campaign for Britain to leave the EU, Johnson was accused of lying to the public by stating that the country's membership of the bloc cost 350 million ($442 million) a week. And last week, both the Chancellor of the Exchequer Philip Hammond and Justice Secretary David Gauke confirmed they will step down before Johnson becomes prime minister.

Protestors confront during police clearance after the Legislative Council building was damaged by demonstrators during a protest on July 2, 2019, in Hong Kong, China. (CNN) - A diplomatic spat between the UK and China deepened Wednesday after London summoned the Chinese ambassador over what it said were "unacceptable and inaccurate" comments made by Beijing regarding the UK's role in ongoing Hong Kong protests. China's ambassador to the UK, Liu Xiaoming, followed up with his own criticism, blasting London for its "interference" in Hong Kong and saying the UK-China relationship "has been damaged" because of it. "I think it's totally wrong for Jeremy Hunt to talk about the freedom (of Hong Kong protesters) ... this is not a matter about freedom it's a matter about breaking laws in Hong Kong," Liu said. "We all remember what Hong Kong was 22 years ago under British rule, there was no freedom (or) democracy."

(CNN) - Hong Kong protesters are appealing for foreign support in their fight for political freedom, calling on world leaders to act ahead of the summit of the Group of 20 major economies in Osaka, Japan, this week. Carrying signs reading "Liberate Hong Kong," activists at an evening assembly, many of them wearing black, sang protest anthems and called on G20 leaders to defend their rights. The Legislative Council -- Hong Kong's Parliament -- closed for a number of days in response to the protests. Although Hong Kong is part of China, it has different laws, a principle called one country, two systems. The protesters have also drawn support from Taiwanese President Tsai Ing-wen, who tweeted that the people of Hong Kong are "not alone."