British consumer confidence faltered this July amid mounting expectations that Rachel Reeves may introduce further tax increases in the coming autumn budget. The widely monitored GfK consumer confidence index declined
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British savers have witnessed their money’s purchasing power decline significantly over the past five years, with inflation and low interest rates combining to erode approximately 11 pence from every pound
The UK government’s borrowing increased dramatically in June, reaching £20.7 billion. This figure surpassed analysts’ expectations, which had estimated a borrowing of £17.5 billion. The Office for National Statistics (ONS)
The pound has fallen to a three-week low following comments from the Bank of England governor, Andrew Bailey, about the possibility of larger interest rate cuts if the UK jobs
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
Russia’s economic resilience is showing signs of weakness as soaring potato prices and broader inflationary pressures create mounting challenges for Vladimir Putin’s war economy. The staple vegetable’s price surge of
Two-thirds of British companies anticipate no significant impact from US tariff policies, according to the latest Bank of England decision-maker survey. The June report reveals that merely 29 per cent
Growing evidence suggests the UK jobs market is experiencing a notable slowdown as employers adjust to increased national insurance contributions by reducing recruitment and offering lower wage increases, according to
The Bank of England’s governor has revealed that the recent increase in employers’ national insurance contributions is having a more severe impact on employment and wage growth than initially projected,
Food prices across British supermarkets have surged at their fastest rate in more than a year, intensifying pressure on household budgets nationwide. Fresh data from Kantar reveals grocery prices climbed
Tourist expenditure across Britain is predicted to remain suppressed over the next five years, driven by persistent inflation, a robust pound sterling and the cessation of VAT-free shopping, according to
The Bank of England’s Monetary Policy Committee (MPC) has voted to maintain interest rates at 4.25%, with six of its nine members favouring the status quo whilst three pushed for
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
British inflation decelerated to 3.4 percent in May, marginally missing economists’ expectations of 3.3 percent, as declining transport costs and petrol prices helped offset rising food inflation. The Office for
Britain’s economic prospects face mounting pressure as the Confederation of British Industry (CBI) warns of a significant slowdown driven by escalating labour costs, persistent inflation, and uncertainties surrounding US trade
The Times shadow monetary policy committee has strongly advised the Bank of England to maintain current interest rates, citing ongoing concerns about inflationary pressures stemming from the Israel-Iran conflict. The
