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.

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.

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.

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.

UK government bonds fell sharply on Friday as Rachel Reeves ditched plans to raise income tax in this month’s Budget. Gilts sold off despite efforts by the Treasury to signal that the planned increase in tax rates had been pulled because of more positive fiscal forecasts.

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.

With a little more than a week to go until the UK’s Autumn Budget on 26 November, financial markets are looking twitchy. Government bond (gilt) yields are up 15 basis points from their low last week on reports that the Treasury has abandoned plans to lift income tax, supposedly on the back of better economic forecasts.

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.

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.