Bloomberg The chairman of Boris Johnson’s ruling Conservatives resigned after the party lost two key parliamentary seats in one night, raising fresh concerns about Johnson’s leadership and his faltering popularity with voters. The elections “are the latest in a run of very poor results for our party,” Oliver Dowden said in a letter to Johnson posted on Twitter. “We cannot ...

  Bloomberg The coronavirus pandemic, marked by an ambitious vaccine rollout, has cost the UK government an estimated £376 billion ($459 billion). The figure released by the National Audit Office has increased by £6 billion over the last ten months, with much of the expense going to support train traffic even as the passenger numbers dwindled. The amount — more ...

  Bloomberg Consumer price inflation accelerated to a four-decade high, adding pressure on the Bank of Canada to deliver more aggressive interest rate hikes in the coming weeks. Annual inflation rose to 7.7% last month, up from 6.8% in April, Statistics Canada reported in Ottawa. That’s the highest since January 1983 and well above economist expectations for a 7.3% increase. ...