UK economy

The changes could cost up to £3bn which will have to come from higher taxes or cuts elsewhere, given the chancellor's self-imposed borrowing rules.

Problems at the Office for National Statistics, which provides data informing policy decisions affecting millions, need to be addressed so it can rebuild its reputation, a review says.

The government's plan comes as UK businesses worry about the impact of US President Donald Trump's trade tariffs.

Sales volumes in May saw their biggest monthly fall since December 2023.

The central bank decides to hold interest rates at 4.25% with inflation remaining above its target level.

UK Inflation has fallen from record highs but remains above the Bank of England's 2% target.

Interest rates, set by the Bank of England, affect mortgage, loan and savings rates for millions.

Food prices grew for a third month in May, as the overall rate of inflation remained at 3.4%.