The latest figures from the United States reveal a steeper than expected rise in producer prices for July, raising fresh concerns over stagflation and the likelihood of imminent interest rate
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Global equities rallied on Wednesday as mounting optimism for interest rate reductions by the US Federal Reserve sent markets to fresh all-time highs. The FTSE 100, London’s blue-chip index, climbed
UK services sector faces largest drop in orders since 2022 warning signs for interest rates decision
The United Kingdom’s powerhouse services sector has suffered its steepest drop in new orders for nearly three years, piling pressure on the Bank of England as it prepares for its
The Bank of England is under mounting pressure to lower UK interest rates for the fifth time in a year, as concerns grow over the sluggish jobs market and the
The Bank of England is widely anticipated to reduce interest rates this Thursday, as policymakers seek to counteract rising unemployment and the adverse impacts of new trade tariffs imposed by
Britain’s leading retailers have cautioned that further tax rises in the upcoming autumn budget may force shops to increase prices, deepening the pressure on household finances and threatening more job
Britain’s economy has received an unexpected boost in the early months of 2025 following US President Trump’s sweeping tariffs imposed on nearly every international trading partner. The EY Item Club
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
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,
