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.

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.

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.

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.

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.

“Suffice to say that market focus is now quickly shifting to the political dynamics as opposed to Budget speculation,” said Sanjay Raja, chief UK economist at Deutsche Bank. Wes Streeting has renewed his attacks on the overnight Downing Street briefings, which led to speculation about a possible coup.

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 ...

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 welcomed the news Thursday that net migration in the U.K., the difference between those moving to the country long-term and those leaving, fell by more than two-thirds in the year to June,

Labour MPs are preparing pitches to become the party’s next deputy leader as the contest to replace Angela Rayner heats up. Dame Emily Thornberry became the first high-profile figure to announce she was considering a bid on Sunday, adding: “I’m ...

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