UK Prime Minister Liz Truss on Thursday defended her tax cuts policy, despite it triggering market turmoil.

Inflation in Britain will rise to ‘astronomical’ levels over the next year, a think tank warns.

Britain’s High Court denies the Venezuelan government access to its nearly $2 billion worth of gold reserves, ruling in favor of the nation's US-backed opposition figure Juan Guaidó.

The Bank of England sounds the alarm on UK’s economic outlook, warning the Brits that the worst is yet to come.

The price of Britain's cheapest brands of pasta and bread have increased sharply over the past year, new data shows.

Soaring inflation across the UK has caused “acute distress” to Britons, Finance Minister Rishi Sunak has said, stressing that the Bank of England must take “decisive action” to get prices back under control.

Housing prices in the UK in January rose at their slowest monthly pace since June last year, according to the UK-based banking company Halifax.

The BoE has doubled the interest rates in an attempt to tackle the soaring inflation in the country.

Millions of UK households are set to experience a sharp rise of more than 50 percent in their gas and electricity bills in April, after energy regulator announced a record-breaking increase to its price cap.

From the Wisconsin, all the way to Wuhan, inflation is ravaging economies around the world. Its latest victim, the UK, is experiencing record inflation, the highest in 10 years.