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Economy
UK Business Confidence Shows Signs of Recovery Despite Economic Headwinds
British business leaders' confidence experienced a modest uptick in December, although persistent concerns about rising costs could hamper growth prospects in 2025. The Institute of Directors' (IoD) economic optimism index climbed four…
Economic Headwinds Promise Challenging Year Ahead for Global Markets
The global economy faces significant hurdles as we move through 2025, with mounting evidence suggesting a period of prolonged economic uncertainty lies ahead. The lingering effects of COVID-19 continue to reshape economic landscapes…
Bank of England Set for Four Interest Rate Cuts as Economic Growth Remains Sluggish in 2025
British economists are forecasting at least four interest rate cuts by the Bank of England in 2025, as the central bank grapples with weak economic growth. A comprehensive survey of 51 leading economists by The Times indicates the base rate…
UK Electric Vehicle Charging Network Grows By 36 Percent in 2024 Despite Market Headwinds
Britain's public electric vehicle charging infrastructure witnessed substantial growth in 2024, with the total number of chargers increasing by 36% to reach 73,421 units by year-end, according to data from Zapmap. The expansion,…
FTSE 100 Delivers Christmas Cheer Despite Property Market Concerns
The City of London witnessed a mixed trading session on Tuesday, as property sector woes were offset by broader market optimism. The FTSE 100 demonstrated resilience, closing up 0.4 per cent at 8,136.99 during the shortened Christmas Eve…
Turkish Central Bank Slashes Interest Rates With Bold 250 Basis Point Cut As Consumer Demand Cools
In a significant shift, Turkey's central bank has implemented its first interest rate reduction in nearly two years, cutting the benchmark rate by 250 basis points to 47.5 per cent from 50 per cent. The decision, which exceeded market…
UK Retailers Face Grim Reality as Christmas Trading Period Ends in Disaster
British retailers are bracing for a challenging 2025 following what industry experts describe as a "disastrous" Christmas trading period, with mounting concerns over potential price increases and shop closures across the nation.
Recent…
UK Economic Growth Stalls as Government Warns of No Quick Fix to Recovery
Britain's economy showed signs of stagnation in the third quarter of 2024, with official figures revealing zero growth between July and September, forcing Labour leadership to temper expectations about the pace of economic revival.
Sir…
Job Market Trends Point to Economic Uncertainty in 2025
Britain's labour market stands at a critical juncture as businesses grapple with increased National Insurance contributions and economic stagnation. Recent data from the Office for National Statistics reveals an unemployment rate of 4.3%,…
UK Chancellor Rachel Reeves Faces Economic Headwinds as Budget Concerns Deepen for 2025
The UK's economic outlook appears increasingly challenging as Chancellor Rachel Reeves concludes the parliamentary Christmas break amid concerning financial data. Public finances for the current fiscal year have deteriorated beyond previous…
Bank of England Maintains Interest Rate at 4.75% Amid Growing Economic Concerns
The Bank of England has opted to maintain its benchmark interest rate at 4.75 per cent, despite downgrading growth forecasts and acknowledging persistent inflation concerns. The decision, reached by a six-to-three majority of the Monetary…
Global Financial Markets Reel as Central Banks Signal Slower Rate Cuts for 2025
Leading central banks have delivered a stark warning to markets, indicating that inflation's persistence will lead to a more gradual approach to interest rate cuts in 2025. This cautious stance has triggered significant movements in bond…
Brexit Trade Impact Costs Britain £27 Billion Pounds in Initial Two Year Period
Fresh analysis from the London School of Economics reveals Brexit has inflicted a £27 billion blow to British trade during its initial two-year implementation period, though the overall economic impact appears less severe than originally…
Conservative Leadership Contender Badenoch Signals Support for Flat Tax Rate System
In a significant policy revelation, Conservative leadership frontrunner Kemi Badenoch has expressed her support for implementing a flat tax rate system, describing it as an "attractive idea" for future Conservative governance. Speaking at…
Sterling Soars to Post Brexit High as European Central Bank Slashes Rates Again
The British pound achieved a remarkable milestone today, touching its highest level against the euro since the Brexit referendum following the European Central Bank's fourth interest rate cut of 2024. The decision saw rates lowered to 3 per…
Business Leaders Challenge Chancellor Reeves Over Budget Tax Implications
Senior business executives have raised significant concerns with Chancellor Rachel Reeves regarding the challenging economic landscape and the impact of her tax-raising Budget during a private meeting of the British Chambers of Commerce…
China Makes Historic Monetary Policy Shift After 14 Years of Economic Caution
Chinese authorities have announced a significant shift towards a "moderately loose" monetary policy, marking the first change in their economic stance in 14 years. The move comes as the world's second-largest economy grapples with…
UK Employment Market Hits Four Year Low as Seasonal Hiring Slumps
British employers' demand for staff has plummeted to its lowest level in four years this November, as Chancellor Jeremy Hunt's recent Budget tax increases cast a shadow over the pre-Christmas employment landscape. The latest survey from…