British Government

UK finance chief says public finances show $28 billion spending hole

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UK finance chief says public finances show billion spending hole

Britain’s Finance Minister Rachel Reeves has pledged to make the “necessary”, “urgent” and “incredibly tough” choices to restore the country’s economic stability. Pool | Getty Images News | Getty Images Britain’s Finance Minister Rachel Reeves on Monday announced a raft of project cuts after detailing how the newly elected Labour government has inherited a projected … Read more

Who is the UK’s new prime minister?

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Who is the UK’s new prime minister?

Labour Party leader Sir Keir Starmer speaks ahead of the U.K.’s general election on July 4, 2024.  Anthony Devlin | Getty Images News | Getty Images LONDON — After 14 years of tumultuous Conservative rule, Britain’s Labour Party is expected to shake up the country’s politics with a return to power this year. The left-of-center … Read more