Joe Mayes

Minouche Shafik, the former Bank of England deputy governor and International Monetary Fund director, has left her post as chief economic advisor to Britain’s prime minister, according to people familiar with the matter.

UK Prime Minister Andy Burnham faces a dilemma over how to cut the cost of living while rebalancing business taxes toward larger companies. Hitting some bigger firms might cause them to pass prices onto consumers.

UK Prime Minister Andy Burnham exchanged messages with somebody impersonating one of Donald Trump’s closest advisers, according to people familiar with the matter.

Things are about to heat up in the UK Treasury as Chancellor of the Exchequer John Healey gears up for his first budget during a crucial autumn for the governing Labour Party.

After a political honeymoon of good vibes and voter-friendly announcements, the return of Parliament means that the UK’s new prime minister, Andy Burnham, must confront hard choices that lie ahead.

As Britain’s borrowing costs rise and hostilities flare between the US and Iran, the sums for Chancellor of the Exchequer John Healey’s debut budget are getting trickier by the day.

Chancellor of the Exchequer John Healey should seek to restore most of the UK’s fiscal buffer at his upcoming budget to win over the bond investors it needs to sustain its large debt pile, according to a new analysis by Bloomberg Economics.

John Healey said he would build on his predecessor’s attempts to reestablish the UK’s credibility in international bond markets, as he outlined his vision for economic growth in his first major speech as Britain’s chancellor.

Former Goldman Sachs Group chief economist Jim O’Neill warned UK Prime Minister Andy Burnham against raising taxes on banks and businesses, saying the moves would threaten economic growth.

Andy Burnham’s UK government is considering scaling back planned increases to the youth minimum wage due to concerns the policy is having a negative impact on employment rates.