Britain is on course to endure the highest inflation among the G7 economies this year, with the latest OECD projections indicating mounting financial pressure across UK households. The Organisation for
UK Inflation2- Page
73Articles
The British economy stands at a crossroads, offering little growth momentum as Chancellor Rachel Reeves faces her second budget statement in November. Despite assurances that the economy is “stuck, not
The UK economy ground to a halt in July, registering zero growth according to the latest official figures from the Office for National Statistics. The data show that the economy’s
UK unemployment has unexpectedly risen to its highest level in four years, reaching 4.7% in May. The increase comes as the labour market continues to cool, defying expectations of stability
Inflation in the United Kingdom has unexpectedly risen to 3.6 per cent, marking its highest level in over a year, according to figures released by the Office for National Statistics
British employers are preparing to increase consumer prices to offset higher payroll taxes, triggering concerns about sustained inflation pressures, according to a recent S&P Global business sentiment survey. The research
British consumer confidence has demonstrated a slight improvement but remains delicate as mounting tensions in the Middle East threaten to drive petrol prices higher, according to the latest GfK index
The UK is bracing for slower economic growth over the next two years, according to a forecast released by the Organisation for Economic Co-operation and Development (OECD). The economic outlook
Inflation in the UK surged to its highest level in more than a year last month, driven by sharp increases in household bills, according to data from the Office for
The Bank of England’s chief economist, Huw Pill, has raised concerns that cutting interest rates too soon might sustain inflation at higher levels for longer. Speaking at a Barclays event,
Megan Greene, a member of the Bank of England’s Monetary Policy Committee (MPC), has suggested that a global trade war, driven by tariffs introduced by former US President Donald Trump,
The UK services sector, which contributes approximately three-quarters of the country’s overall economy, saw its first contraction in 17 months this April. This downturn comes as global economic uncertainties, triggered
The homelessness crisis in England is reaching unprecedented levels, with over 100,000 households currently living in temporary accommodation. Local authorities, forced to rely on private landlords and hotels to house
The rate of consumer price inflation in the UK has fallen unexpectedly, dropping from 3 per cent to 2.8 per cent in February. This adjustment is primarily attributed to a
The Bank of England has decided to maintain interest rates at 4.5 per cent, as the country grapples with persistent inflation and modest economic growth. The Monetary Policy Committee (MPC),
Andrew Bailey, Governor of the Bank of England, faces mounting challenges as Donald Trump’s aggressive trade war continues to disrupt the global economy. Having only just begun to get a
