Reeves used her statement to announce a further £2.2bn for defence, while a target has been set to reduce the administrative ...

LONDON (Reuters) - Britain's economy is forecast to grow by 1.0% this year, the Office for Budget Responsibility said on ...

Chancellor Rachel Reeves said she was taking action to grow the economy but said she was battling global instability.

The U.K. Treasury chief says the economy will only grow by 1% this year, half the rate previously anticipated.