Premiership of Rishi Sunak

The Bulgarian Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028. The draft foresees a 3% deficit for the upcoming four years, while the country's state debt is projected to rise to 81 billion leva by 2028.

With one hand, the 2025 state budget “gives” €1.1 billion for new benefits, tax breaks, and measures to support the economy. However, with the other, it “takes,” as rising incomes lead to a corresponding increase in tax revenues.

Eight migrants died on Sunday when their overcrowded vessel capsized while trying to cross the Channel from France to England, French authorities said, less than two weeks after the deadliest such disaster this year.

Britain's newly elected Prime Minister Keir Starmer and his wife Victoria enter his official London residence at No 10 Downing Street for the first time after the Labour Party won a landslide victory in the 2024 general election, in London, Friday July 5, 2024.

British Prime Minister Rishi Sunak has publicly accepted responsibility for the Conservative Party's significant loss in the UK general election. Keir Starmer of the Labour Party achieved a landslide victory and is poised to succeed Sunak as the country's next prime minister.

Britain looks likely to see a change of government this week, swinging leftwards back to the center ground and the Labour party after 14 years of right-wing Conservative rule.

Voters will elect a new parliament from 7 a.m. today, with predictions of a landslide Labour win that would make Keir Starmer prime minister, 100 years after Ramsay MacDonald became the party's first.

The British Prime Minister, Rishi Sunak, is set to announce bilateral assistance of 309.69 million USD to Ukraine during the G-7 meeting in Italy. This aid is earmarked to address urgent humanitarian and energy needs, according to a statement from the Prime Minister's office.

The U.K.'s Labour Party on Tuesday won the backing of 120 business leaders, in a timely boost as it bids to oust the ruling Conservatives in the upcoming general election.

The coalition of CEOs and other senior figures, which includes some well-known names from British business, said in a joint letter that it was "time for a change."

U.K. political parties began jostling for position on Thursday, setting out their electoral battle plans after embattled Prime Minister Rishi Sunak called a general election for July 4.

Sunak ended months of speculation about the date of the vote in a rain-soaked speech Wednesday outside Downing Street, which some took as an omen for his Conservatives' chances at the ballot box.

Britain is set to hold a national election on July 4, which polls suggest will conclude 14 years of Conservative-led governance, a period marked by significant political upheaval.