UNITED KINGDOM

Rolling coverage of the latest economic and financial news, including Rachel Reeves’s Mais lecture at Bayes Business School in LondonThe number of people in England and Wales falling into insolvency has jumped.There were 11,609 individual insolvencies registered in England and Wales in February, the Insolvency Service has reported this morning. This was 18% higher than in February 2025 and 6% higher than in January 2026.The individual insolvencies consisted of 768 bankruptcies, 4,210 debt relief orders (DROs) and 6,631 individual voluntary arrangements (IVAs). The number of DROs in February 2026 was a record high in the monthly time series going back

Emily Thornberry is the latest figure to call on the king’s visit to the US to be delayed, citing the ongoing war against IranNigel Farage, the Reform UK leader, Robert Jenrick, his Treasury spokersperson, and Richard Tice, his business spokesperson, are holding their press conference now. As the BBC reports, they will commit the party to getting rid of VAT and green levies on energy bills.There is a live feed here.This strategy will provide unprecedented funding for local media outlets to invest in innovation and infrastructure, almost tripling the size of funding for community radio, harnessing the power of local

Michele Bullock says high inflation hurts everyone, but there still seems to be an extraordinary level of complacency about potential fallout from the US-Israel war on IranGet our breaking news email, free app or daily news podcastThe Reserve Bank has made some controversial calls over recent years, but hiking interest rates in the middle of a historic global energy shock is right up there.If this Middle East conflict lasts for months, not weeks, and drags the world and our economy down, then Tuesday’s decision to increase households’ borrowing costs will not age well. Continue reading... Source link : https://www.theguardian.com/australia-news/2026/mar/17/the-rba-has-made-one-of-its-most-controversial-calls-in-recent-years-and-this-rate-rise-may-not-age-well Author

Liz Kendall announces £1bn funding to help design large-scale quantum computers for scientists, researchers, public sector and businessThe UK will not let quantum computing talent slip through its fingers and must learn lessons from US dominance of the AI race, the technology secretary has said, as the government announced a £1bn quantum funding pledge.Liz Kendall said the government hoped to retain homegrown quantum startups, engineers and researchers rather than lose them to competing countries, with the US stealing a march on its western rivals in AI. Continue reading... Source link : https://www.theguardian.com/technology/2026/mar/17/uk-must-learn-lessons-from-ai-race-and-retain-its-quantum-computing-talent-says-minister Author : Dan Milmo Global technology editor Publish