Foreign Office says the move was part of a strategy to deepen economic, security and development ties globally.
UK Chancellor of the Exchequer Rishi Sunak delivered his Autumn Budget to the House of Commons on Wednesday, with the promise of delivering stronger growth for the pandemic-hit British economy
The British economy remains 0.8% below its pre-coronavirus pandemic level of Feb. 2020.
This is an autumn of inconvenience in Britain, marked by empty gas pumps, worker shortages and gaps on store shelves
Yields recovered slightly to 1.2820%, while the dollar eased 0.124% .
The UK posted the biggest jump in annual inflation on record last month as global supply shortages and rising wages magnified the scale of price increases after pandemic-related discounts a year ago.
Britain's economic growth slowed more than expected in July as concern about the spread of the highly contagious delta variant of Covid-19
British Prime Minister Boris Johnson on Tuesday unveiled a new tax that will fund the country's mounting health and social care costs in the wake of the COVID-19 pandemic.
Q1 GDP data: India's economic growth closer to UK's
Policy makers led by Governor Andrew Bailey said they now expect annual price growth to peak higher than expected around 4%
The British government said negotiating teams will be working over the coming months to join the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership
British consumer prices rose by more than expected last month
UK economic growth accelerated in April, Moderna seeks US nod for its vaccine use in adolescents, and other pandemic-related news across the globe
Further evidence emerged Tuesday to show that the British economy is recovering strongly, with the number of people on payroll increasing as coronavirus lockdown measures are eased.
British economy contracted by a quarterly rate of 1.5% in first three months of 2021, a relatively modest contraction given that the country was in the midst of a strict lockdown to combat coronavirus
The United Kingdom is temporarily reducing its international aid from 14.5 billion pounds last year to 10 billion pounds this year
Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II
UK's Covid-hit economy grew more quickly than previously thought in the final three months of last year but still shrank by the most in more than three centuries in 2020 as a whole
More than a fifth of small British exporters have temporarily halted sales to the EU and 4% have done so permanently, a survey showed, highlighting problems that have followed the Brexit trade deal
The UK urgently needs a dynamic, entrepreneurial mission-setting state to confront the triple crisis of Covid-19, rising inequality, and climate change