Households and businesses are set to benefit from stronger, more secure supply chains as the UK invests £50 million in critical minerals projects. Government backs critical minerals projects across the UK, strengthening Britain’s economic security by diversifying supply.
The short answer is that oil traders are looking beyond today's headlines and trying to price what happens next. At first glance it seems illogical.
When Moray Council officially shelved plans for a new Buckie High School, it sent a shockwave through communities across the north of Scotland. The message was clear: in the current economic climate, even the most desperate promises of new school builds can vanish overnight when balanced against a massive budget deficit.
UK industry is no longer waiting for energy prices to fall. Instead, businesses are adapting by using less energy, generating their own power, relocating investment, or in some cases closing altogether.
The Highland Council has today (Monday 22 June) launched a new online engagement platform which will transform how residents, communities and visitors engage with consultations. The easy-to-use platform allows anyone to quickly see what projects and proposals are open for consultation and engagement.
Sir Keir Starmer has officially resigned as Prime Minister of the United Kingdom, standing outside 10 Downing Street to announce an orderly exit timetable. Following a bruising weekend of reflection at Chequers and a massive cabinet mutiny, Starmer choked back tears as he confirmed he will step down as Labour leader, with a successor expected to be in place by September 2026.
A letter of support from Wes Streeting is politically significant because Streeting had been viewed as a potential rival. Reports today suggest he is backing Andy Burnham rather than mounting his own challenge, which strengthens Burnham's position considerably.
The financial markets are displaying classic symptoms of political whiplash as the news of Starmer’s exit hits the trading floors. While London's equity markets have largely remained in a cautious "wait-and-see" pattern, the currency markets have taken an immediate hit.
At the moment, both sides are technically telling part of the story. Iran has announced that it considers the Strait of Hormuz "closed" and has warned shipping against using it.
There is a growing debate across both the UK and the EU about whether more protection is needed for domestic industries as Chinese exports increase. The issue is not simply that China exports a lot.
governments still have some levers, but they are much weaker than many people imagine. Oil and gas are traded in global markets, so no single government—especially one the size of the UK—can simply order prices lower.
To save or not to save oto spend or not to spend. There is a balance, and this is one of the central dilemmas in economics.
Streets will be safer as thousands of offenders are to be banned from drinking alcohol during the World Cup this summer as part of the Government’s commitment to cut booze-fuelled crime. Offenders to be fitted with innovative tags that measure alcohol intake 24/7 Drinking expected to soar as fans tune in to football games from pubs and at home Tags help to protect our streets from £21 billion cost of booze-fuelled crime Statistics show that around 7,300 criminals either released from prison or serving a community sentence will be forced to wear alcohol tags at some point during the tournament.
The Whole of Government Accounts (WGA) is the UK’s single consolidated set of financial statements covering over 10,000 public bodies — central government, NHS, local authorities, devolved governments, academies, and public corporations. It is globally unique and is meant to give Parliament and the public a full picture of the state’s finances.
If you want to understand Scotland’s public finances, you need to understand the Barnett Formula. It’s one of the most important — and most misunderstood — mechanisms in UK finance.
Walk through almost any town or city today and one thing quickly becomes apparent. The high street is not the place it was at the turn of the century.
The news that Devonshire Homes, a £50m‑turnover regional housebuilder, has filed a notice of intention to appoint administrators is more than a single corporate failure. It’s a symptom of deeper stress across the UK construction and housing market.
The Barnett Formula has shaped Scotland’s public finances for nearly half a century. It was introduced in 1978 as a temporary fix, yet it remains the backbone of how Scotland’s block grant is calculated today.
12 tonne haul found at Southampton Port smashes records. Border Force has seized a record-breaking 12 tonnes of cannabis as part of a major international operation.
The UK Government has published its latest Whole of Government Accounts (WGA) — a 200‑plus‑page document that attempts to show the financial position of the entire public sector in one place. It’s one of the most ambitious public‑sector accounting exercises in the world, but it’s also notoriously dense.