Severe cost pressures are mounting on British businesses, prompting the British Chambers of Commerce (BCC) to downgrade the UK’s economic growth forecast for 2025. The lobby group now expects the
UK Inflation3- Page
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British retailers, suppliers and manufacturers are implementing price increases following the October budget’s tax hikes, raising concerns about higher-than-expected inflation rates this year. Food inflation, which surged from 2 per
A significant uptick in retail sales volumes marked the start of 2025, with food shopping and post-Christmas discounts propelling a 1.7 per cent increase in January. The rise, which exceeded
The fundamental measurement of GDP growth as an economic indicator faces mounting scrutiny in Britain’s evolving financial landscape. Whilst chancellors consistently prioritise GDP expansion as their primary objective, the metric’s
British consumer confidence has hit its lowest point in 11 months, plunging 40 points since the summer general election, according to the latest British Retail Consortium (BRC) survey. The monthly
British consumer confidence has witnessed an unexpected upturn, with the GfK index climbing two points to -20 in mid-February, surpassing analysts’ predictions of a static reading. The improvement spans across
Britain’s inflation rate has climbed to 3 percent for the first time since March 2024, casting doubt over the anticipated trajectory of interest rate reductions this year. The unexpected uptick
British workers experienced the most rapid real wage expansion in more than three years during the last quarter of 2023, raising concerns about persistent inflation potentially hampering significant interest rate
British consumer spending has reached its fastest growth rate in two years during January, offering a glimmer of hope for the UK’s sluggish economic performance, according to two authoritative surveys.
In a significant move that signals mounting concerns over economic growth, the Bank of England has reduced its base interest rate to 4.5%, whilst simultaneously cutting its UK growth forecasts
The Bank of England is expected to announce its third interest rate cut in six months this Thursday, with analysts predicting a reduction to 4.5 per cent from the current
British retail prices experienced a notable decline this month, driven by substantial discounting in furniture and fashion sectors, though the overall rate of price decreases has begun to moderate. Shop
Global markets faced renewed pressure today as oil prices climbed to their highest levels since August, intensifying worries about inflation and interest rates that have already triggered significant bond market
The UK financial markets witnessed significant turbulence this week as 30-year gilt yields surged to their highest levels since 1998, triggering widespread concerns about the nation’s economic stability and government
Price controls and inflation-linked adjustments overseen by the government are poised to maintain elevated inflation levels throughout 2025, creating additional challenges for the Bank of England’s interest rate strategy. Research
British government borrowing costs have climbed at twice the pace of international peers this week, whilst sterling dropped to its lowest level since 2023, signalling mounting pressure on the UK
