The UK mortgage market is experiencing a significant improvement for both homeowners and buyers, as mortgage rates have dropped to their lowest levels since the aftermath of the Liz Truss
Economy44- Page
786Articles
The price of gold has reached a new all-time high, with spot gold surpassing $2,525 per ounce this morning. This unprecedented surge in value means that a standard bar of
As Rachel Reeves prepares to deliver her autumn budget on 30 October, Britain’s largest manufacturers have issued a stark warning: the country’s infrastructure has suffered a decade of decline, and
The UK economy has shown signs of recovery in the first half of 2024, with quarterly growth at 0.6%, an annual inflation rate of 2.2%, and unemployment at 4.2%. However,
Sir Robert Chote, the chair of the UK Statistics Authority, has recently advocated for increased data sharing among government departments as a means to stimulate economic growth and enhance public
The UK economy grew by 0.6 percent in the second quarter, according to the latest figures from the Office for National Statistics (ONS). This marginal slowdown compared to the previous
The UK labour market has presented a mixed picture in the second quarter of the year, with the unemployment rate unexpectedly falling and wage growth slipping to a two-year low.
The Bank of England should exercise caution when considering lowering interest rates too quickly, according to Catherine Mann, a member of the Bank’s Monetary Policy Committee (MPC). In an appearance
Inflation in the UK rose for the first time this year in July, climbing to 2.2% and surpassing the Bank of England’s 2% target, according to official figures released by
In a move that underscores the growing investor appetite for private credit, Janus Henderson, the British-American asset management firm with approximately £361 billion in assets under management, has announced a
The chief executive of Sainsbury’s, Simon Roberts, and the general secretary of the Union of Shop, Distributive and Allied Workers (Usdaw), Paddy Lillis, have issued a stark warning to the
In a significant shift in global sentiment, calls for higher taxes on the super-rich are gaining traction, with even conservative governments joining the chorus. The G20, a group of the
The UK Treasury is bracing for a significant increase in housing benefit payments to pensioners, with projections indicating that the annual cost could skyrocket to £15.4 billion by 2035. This
As financial markets fixate on the specter of a potential US recession, they may be overlooking more significant threats to global economic stability. While the US economy shows resilience, with
As Chancellor Rachel Reeves grapples with a £22 billion shortfall in public finances for the 2024-25 fiscal year, speculation is mounting that she may turn to capital gains tax (CGT)
The number of repossession claims made by banks and landlords in England and Wales has climbed to its highest level in five years, as households grapple with the impact of
