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.
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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
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
Major British retailers saw more than £2 billion wiped from their market value as mounting cost pressures and economic uncertainties cast a shadow over the retail sector. Despite strong festive
British consumers are bracing for a significant uptick in food prices, with inflation forecast to exceed 4 per cent this year, according to the British Retail Consortium (BRC). This projection
British government policies, rather than traditional market forces, will emerge as the primary driver of food inflation throughout 2025, according to leading City analysts at Shore Capital. The investment firm’s
British businesses are bracing for significant price increases in the forthcoming months as the recent Budget’s tax and wage cost hikes have triggered a sharp decline in business confidence, according
British economists are forecasting at least four interest rate cuts by the Bank of England in 2025, as the central bank grapples with weak economic growth. A comprehensive survey of
American credit card defaults have skyrocketed to their most elevated position since the aftermath of the 2008 global financial crisis, signalling a deterioration in the financial wellbeing of lower-income consumers
The global economy faces unprecedented challenges as it enters 2025, with Donald Trump’s return to the White House poised to reshape international trade dynamics. His campaign promises of imposing tariffs
In a significant shift, Turkey’s central bank has implemented its first interest rate reduction in nearly two years, cutting the benchmark rate by 250 basis points to 47.5 per cent
The Bank of England has opted to maintain its benchmark interest rate at 4.75 per cent, despite downgrading growth forecasts and acknowledging persistent inflation concerns. The decision, reached by a
Leading central banks have delivered a stark warning to markets, indicating that inflation’s persistence will lead to a more gradual approach to interest rate cuts in 2025. This cautious stance
