The answer is that it points to the emergence of a new and increasingly paranoid style in British politics – one which revolves around exaggeration, suspicion and conspiratorial fantasy.

Gold is flat at $4,125 an ounce, and oil (Brent crude) is down about 1.3% to $64.30 a barrel. Bitcoin is up 2.3% at $105,010 per coin, while Ethereum is up 4.7% at $3,580. The pound is down 0.4% against the US dollar at $1.310, and down 0.3% against the euro at €1.132.

British Chancellor Rachel Reeves announced the latest budget on Wednesday, setting out sweeping tax hikes which are projected to raise 26.1 billion pounds ($34.4bn) for the public purse by 2030.

After a series of missteps and about-faces, British prime minister Keir Starmer’s popularity has tanked, and his leadership may not last much longer.

Economic insecurity is hastening the death of the two-party system that’s dominated UK politics for a century, detailed polling and deprivation data suggest.

News of the improved forecast calmed markets. Gilts and the pound had earlier sold off steeply when the FT reported that the government had abandoned plans to raise income tax rates amid fears it would anger voters and further antagonise mutinous Labour MPs.

Nigel Farage has been warned his controversial plans to introduce stricter rules for legal migrants will spark “tear families apart”. The Reform UK leader says he wants to abolish indefinite leave to remain after five years and force applicants to ...

Conservative activist Thomas Moffitt faced protesters at London School of Economics while discussing socially conservative values for Turning Point UK.

The British government plans to tighten its asylum system, following Denmark's model, to reduce immigration and address the political storm over migrants crossing the English Channel.

Reform UK councillor George Finch has said a letter he sent to the education secretary on school taxis in Warwickshire is being used as "political football". The leader of Warwickshire County Council wrote seeking permission for councils to set their own rules over children's walking distances between home and school to save them money.

U.K. Prime Minister Kier Starmer said Prince Andrew should testify in Jeffrey Epstein investigation as U.S. House committee requests royal cooperation.

Dramatic numbers! Keir Starmer's approval rating drops as Nigel Farage gains popularity. Reform overtakes conservatives. See the latest poll results.