The Bank of England raised interest rates on Thursday, its first increase since August 2023. Its main rate rose by a quarter point, from 3.75% to 4%. The aim is to stop higher energy costs from the Iran war spreading through the wider UK economy. Governor Andrew Bailey said the move should not be seen… Continue reading Bank of England Raises Interest Rates to 4% as Iran War Lifts Inflation
The UK electricity bill cut is set to take effect on 1 October, just days after Prime Minister Andy Burnham entered Downing Street. The government says the measure will provide immediate financial relief for households facing continued cost-of-living pressures. Under the plan, VAT will be removed from domestic electricity bills. Officials estimate that the change… Continue reading UK Electricity Bill Cut Announced by PM Andy Burnham
Andy Burnham has officially become the United Kingdom’s new prime minister after replacing Keir Starmer, marking a major change in Britain’s political leadership. Burnham, the former Mayor of Greater Manchester, was formally appointed by King Charles III at Buckingham Palace on Monday, 20 July 2026. The King invited him to form a government after Starmer… Continue reading Andy Burnham Prime Minister After Starmer Steps Down
