The European Union is facing a higher 15% tariff rate on its goods imported to the U.S. compared to the 10% levy the U.K. has agreed to. "In theory, the UK benefits," Philip Shaw, chief economist at Investec, told CNBC.

British Prime Minister Keir Starmer will hold an emergency cabinet on Tuesday to discuss the situation in Gaza and a proposed peace plan as he comes under mounting pressure from his own party to recognise a Palestinian state.

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The FTSE 100 is set to bounce a little after falling with other European stocks yesterday. Futures are up 0.2%. The pound is nearly flat for the session but has slipped well below $1.34 again following a rally for the dollar on Monday afternoon.

British baker and fast food chain Greggs reported a 14% fall in first half profit, reflecting a previously flagged slowdown in sales growth in June which it blamed on very warm weather.

Google is rolling out a new tool in the UK that will generate results using artificial intelligence (AI), in a significant shake-up to the world's most popular search engine.

Having long been a hub for the world's richest people, the UK is now seen as a "hostile" environment by many millionaires, one analyst said.

LONDON (Reuters) -British shop prices rose by the most in more than a year in the 12 months to July and food prices grew more strongly, according to a survey that adds to other inflation signals and underscores the Bank of England's interest rate dilemma.

A town's theatre has been named as a finalist for the UK's most welcoming theatre award. Northampton's Royal & Derngate has been shortlisted for the prize alongside Birmingham Rep and the Shakespeare North Playhouse in Liverpool.

A billionaire ally of Roman Abramovich lost a last ditch attempt to lift sanctions at the UK top court, as judges declared that the measures had to be tough to be effective.