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Economy
UK Borrowing Costs Surge as Markets Brace for Reeves Historic First Budget
British long-term borrowing costs reached a post-election peak on Tuesday as financial markets prepared for Rachel Reeves' landmark first Budget. The chancellor is poised to unveil an ambitious plan to raise tens of billions of pounds for…
As tensions in the Middle East ease, oil prices fall 6%
The oil prices fell sharply Monday, after Iran did not announce an immediate response to Israel's attacks on the country.
Brent and US West Texas Intermediate crude futures have both fallen to their lowest levels since the September 11…
Look to Russia and China for the real reason why gold prices are soaring
A retailer is rare even in this exclusive district of London's St James's Street. Among the gentleman's clubs, shops that sell top-end cigars and shotguns are a number of retailers who have specialized in selling these items.
Sharps…
Reeves confirms that the budget will reverse massive cuts to UK public investment
Rachel Reeves, in her next budget, will promise to reverse massive cuts in public investments after she confirmed rules that limit her spending power would be overhauled so the government could release up to £50bn in infrastructure…
Barclays’ £2.2bn profit beats City expectations
Barclays' British High Street business performed better than expected, and its investment bank has resumed deal-making. This led to a larger than forecast increase in the lender’s quarterly profit.
The FTSE 100 results on Thursday were a…
IMF warns that Europe’s economy is poised to fall behind the US.
IMF warns that the gap between the US and European gross domestic products will widen by the end decade. It also sounded the alarm over the "lack" of business dynamism on the continent.
In , the IMF's latest Economic Outlook for Europe,…
Reeves announces major fiscal rule change releasing £50bn to spend
Rachel Reeves, at the International Monetary Fund will announce a plan for changing Britain's debt regulations that will allow the government to spend an additional £50bn on infrastructure projects.
After weeks' worth of speculation the…
Lloyds raises forecast on house prices
The UK's largest mortgage lender, which is also the country's largest bank by assets, has raised its expectations for house prices to rise this year. It has also posted a better-than-expected quarterly profit as customers are more…
BoE Governor: UK inflation is declining faster than expected
The Bank of England Governor said that the UK must continue to experience a decline in the price of services from its current level.
Andrew Bailey, speaking after the BoE's target of 2 percent for consumer price growth was missed,…
IMF warns Trump’s trade tariffs may damage the global economy, but it also upgrades UK outlook
The International Monetary Fund warned that the tariffs proposed by Donald Trump, the US presidential candidate, could harm global growth and upgraded its forecasts for the UK's economy.
The Washington-based organization said that…
Halfords warns budget concerns make the near-term outlook “uncertain”
Halfords Group warns that consumers are delaying purchases of expensive items due to the uncertainty surrounding the economy, and the upcoming tax changes in next week's budget.
Like-for-like, the retailer and repair shop that sells…
The UK government’s borrowing surged from £16.6bn to £16.6bn during September
The government has borrowed more than official estimates by £6.6 billion this year. This shows the fiscal squeeze facing Rachel Reeves ahead of the next budget.
The Office for National Statistics has published figures showing that the…
IMF raises forecast for UK economy to 1.1% growth
The International Monetary Fund has given the UK one of the largest growth upgrades of any advanced country this year. This is a great boost for chancellor Rachel Reeves as she prepares to present her first Budget.
The Washington-based…
Gold prices continue to record highs amid geopolitical tensions
Gold's price has continued its strong rally, and reached a new high. Investors have flocked to gold as a safe-haven asset amid the expectation of more interest rate cuts by central banks.
Bullion reached a new record price of nearly…
UK interest rates could fall to as low as 2.5% in the coming year
Goldman Sachs forecasts that the Bank of England will cut interest rates faster than investors expect over the next 12 months.
Researchers from the Wall Street Investment Bank said that UK's real underlying interest rate has increased to…
Why Aim could become a self-fulfilling loop
Aim has had a gruesome few weeks. The junior share market, which is lightly regulated and houses 700 British listed companies, is a place of horrors. Rachel Reeves' budget, due next week, could eliminate the inheritance tax exemption, which…
Make UK support Labour’s Industrial Strategy
An engineering bosses' group forecast that a well-executed Industrial Strategy could spark billions of pounds in investment to bring manufacturing back to Britain.
According to a survey conducted by Make UK, the leading trade association…
The European Central Bank has cut interest rates a third time in a year
The European Central Bank has reduced its interest rates for the first time in over a decade. It has lowered its key rate 25 basis points to help support a weakening eurozone economy. The bank has lowered its main deposit rate from 3.5 to…