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UK carmakers are delaying factory investment decisions pending relaxation of electric vehicle sales mandates, according to the British automotive industry’s lobby group chief.
The Bank of England is expected to maintain interest rates at 3.75%, the lowest level since February 2023, as geopolitical tensions push inflation concerns higher despite earlier expectations for rate cuts.
Prime Minister Andy Burnham announced plans for major social care reform in England, commissioning cross-party talks and advancing a review that will examine funding mechanisms for the system.
Analysis of UK data shows 25-year-olds face worse economic prospects than any generation in 50 years, with homeownership collapsing, employment falling, and wages stagnating.
A think tank warned Prime Minister Andy Burnham has limited borrowing capacity and must raise taxes or cut spending to fund his policy pledges on defence and living costs.
FIFA announced plans to sell minority stakes in the World Cup to private investors through a new commercial company, aiming to raise up to $4.2 billion. The move has already drawn sharp criticism from UEFA and others questioning the precedent.
