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,
UK Inflation3- Page
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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
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
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