Philip Aldrick

Stay informed with Philip Aldrick’s coverage and analysis for Fortune.

  • A worker moves a shipping container at Felixstowe port in Felixstowe, UK, on Wednesday, April 9, 2025. The UK doesn’t plan to use a get-out clause to override her fiscal rules, even as the US tariff war roiled global markets, forcing down the pound and UK gilts. Photographer: Chris Ratcliffe/Bloomberg via Getty ImagesPolitics

    Trump tariffs prompt largest-ever drop in U.K. goods exports to U.S.

    By Philip Aldrick and Bloomberg
  • Andrew Bailey, governor of the Bank of England (BOE), speaks at the Irish Association of Investment Managers annual dinner in Dublin, Ireland, on Thursday, May 29, 2025. Bailey has urged the government to strike a deeper trade deal with the European Union to improve growth and “minimize negative effects” of Brexit. Photographer: Patrick Bolger/Bloomberg via Getty ImagesPolitics

    BOE’s Bailey urges closer EU trade to reverse Brexit damage

    By Philip Aldrick, Tom Rees, and others
  • Rachel Reeves, UK chancellor of the exchequer, on the opening day of the UK Labour Party annual conference in Liverpool, UK, on Sunday, Sept. 22, 2024. The conference runs until Wednesday, Sept. 25. Photographer: Hollie Adams/Bloomberg via Getty ImagesFinance

    What to look for in Rachel Reeves’ tax-raising U.K. budget

    By Philip Aldrick and Bloomberg
  • Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank’s headquarters in the City of London, UK, on Thursday, Aug. 1, 2024. The Bank of England cut interest rates for the first time since early 2020 and signaled further cautious reductions ahead, offering some relief to households after a year of the UK’s highest borrowing costs for a generation. Photographer: Hollie Adams/Bloomberg via Getty ImagesFinance

    Britcoin will not replace cash, BOE Governor Bailey says

    By Philip Aldrick and Bloomberg
  • Success

    2.7 million Britons on health benefits too ill to write a resume

    By Philip Aldrick and Bloomberg
  • Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street in London, UK, on Friday, July 5, 2024. New British Prime Minister Keir Starmer promised a government of “stability and moderation” after leading his Labour Party to a landslide election victory that ended 14 years of Conservative rule that became characterized by turmoil and infighting. Photographer: Hollie Adams/Bloomberg via Getty ImagesPolitics

    U.K. may need to tax the wealthy or target inheritances to close £20 billion deficit left by previous government

    By Tom Rees, Philip Aldrick, and others
  • Bank of England Governor Andrew Bailey attends the central bank’s Monetary Policy Report press conference at the Bank of England, in London, on May 9, 2024. The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer as UK inflation cools further and the country looks set to exit recession. (Photo by Yui Mok / POOL / AFP) (Photo by YUI MOK/POOL/AFP via Getty Images)Finance

    Bank of England makes first interest rate cut since pandemic in nail-bitingly close vote

    By Philip Aldrick and Bloomberg
  • Close up of Bank of England governor Andrew Bailey making a pointFinance

    U.K. inflation drops to 2.3%, but interest rate cuts aren’t expected until November

    By Tom Rees, Philip Aldrick, and others
  • Britain's Prime Minister Rishi SunakFinance

    U.K. bounces back from recession with fastest growth in nearly three years

    By Tom Rees, Philip Aldrick, and others
  • U.K. Prime Minister Rishi Sunak, left and UK Chancellor Jeremy Hunt have a drink and biscuits.Finance

    U.K. rebounds with 0.2% GDP growth in January, now on track to exit recession

    By Andrew Atkinson, Philip Aldrick, and others
  • LONDON, ENGLAND – JULY 13: British Prime Minister Rishi Sunak speaks at a press conference at 9 Downing Street on July 13, 2023 in London, England. There have been walk-outs across the economy from train drivers to lawyers over the past year as the UK battles a crippling cost-of-living crisis. (Photo by Henry Nicholls – WPA Pool/Getty Images)

    The amount Britain owes exceeds its GDP for the first time since 1961—and credit-rating agencies are watching

    By Tom Rees, Alice Gledhill, and others
  • Jeremy Hunt, UK chancellor of the exchequer, departs following a weekly meeting of Cabinet ministers at 10 Downing Street in London, UK, on Tuesday, Nov. 1, 2022. Rishi Sunaks government said its inevitable that all Britons, especially the richest, will have to pay more tax to restore stability to the public finances. Photographer: Chris Ratcliffe/Bloomberg via Getty ImagesFinance

    Britain is on the brink of recession after the Queen’s funeral and a cost of living crisis helped push the economy into contraction

    By Andrew Atkinson, Philip Aldrick, and others
  • Chancellor of the Exchequer Kwasi Kwarteng (L) and Britain's Prime Minister Liz TrussFinance

    The IMF to Liz Truss and Kwasi Kwarteng: You’re doing it all wrong

    By Philip Aldrick and Bloomberg
  • Commuters onboard a bus at London Bridge station the day after members of the Rail, Maritime and Transport union (RMT) from 14 train operators went on strike over jobs, pay and conditions. Picture date: Thursday July 28, 2022. (Photo by Yui Mok/PA Images via Getty Images)

    Inflation is so bad in the U.K. a third of workers plan to take a second job to pay the bills

    By Philip Aldrick and Bloomberg
  • a man wearing a mask looking in the mirror. a tuxedoed mannequin in the foreground.Finance

    Men’s suits are out of the inflation index basket—but sports bras and pet collars are in

    By Philip Aldrick and Bloomberg