The Bank of England is poised to maintain interest rates at 4.75 per cent following inflation’s rise to its highest level since March. Market analysts anticipate the monetary policy committee
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British factory leaders are drastically revising their investment strategies following Rachel Reeves’s Budget announcement, as the Chancellor’s £40bn tax measures send ripples of uncertainty through industrial supply chains. The latest
British retailers are bracing for inevitable price increases following the Chancellor’s recent budget announcement, with the sector facing a staggering £7 billion in additional costs next year. The British Retail
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
The British Chambers of Commerce (BCC) has issued a stark warning about the UK’s inflation outlook, projecting that consumer price inflation will climb steadily to 2.6% by the end of
In the wake of Sir Keir Starmer’s keynote speech in Downing Street, wealthy households and businesses across the UK are preparing for potential tax increases as the government aims to
The surge in living costs across the United Kingdom has had an uneven impact on various segments of society, with mortgage holders and renters bearing the brunt of the inflation,
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
The pound reached a new high of one year against the dollar after UK inflation data for June came in slightly higher than expected at 2%. The data showed that
According to an TUC report, UK households will rack up additional unsecured debts totaling more than 1,600 pounds sterling this year. This includes loans and credit card debt. According to
A think-tank warned that Britain’s new government would need to make up a deficit of up to £33bn in the public finances, unless they were willing to push through another
Looming election and higher-than-predicted price rises push expectations back to November Investors are pushing back the expectation of a rate cut in this summer, even though Rishi Sunak has hailed
The Office for National Statistics will release its April inflation statistics on Wednesday. It is expected that the data will show prices rising at their lowest rate since summer of
Investors rush to buy British bonds as traders increase bets on the Bank of England cutting interest rates ahead of the US Federal Reserve. The official data showed that the
UK inflation dropped to 3.4% in Feburary, the lowest in two and a quarter years. This was due in part to a slower pace of price increases in food and
Brexit has made it difficult to invest in the UK according to the CEO of the New York Stock Exchange, a former supporter of Britain’s separation from the EU. Jeffrey
