Retail sales volumes across the United Kingdom recorded an unexpected contraction of 0.1 percent in November, according to data released by the Office for National Statistics. The figures defied City
All posts tagged in UK Economy
398Articles
Government borrowing in the United Kingdom surged to £132.3 billion between April and November, marking the second-highest level for this period, according to the latest figures from the Office for
By the start of the next decade, disability benefits claims in Britain are projected to reach extraordinary levels, with one in eight people expected to receive support. Official estimates suggest
This winter, homeowners across the United Kingdom are poised to benefit from a dramatic shift in the mortgage market, as lenders engage in fierce competition to draw in borrowers. Industry
Britain’s pursuit of becoming a clean energy superpower is meeting serious obstacles as major hydrogen initiatives stall. In 2022, the government doubled its target to generate 10 gigawatts of clean
The Bank of England is facing mounting pressure to keep interest rates unchanged amidst persistent inflation and burgeoning financial stability concerns. The Times shadow monetary policy committee, a group of
Newly released data from the Department for Work and Pensions reveals that claims for disability benefits linked to ADHD have risen sharply over the past year. The number of individuals
Labour’s proposal to permit artificial intelligence firms to use copyrighted materials unless rights-holders explicitly opt out has been firmly rejected by the British public. In a recent consultation attracting more
Public sector employees across the United Kingdom are facing increasingly constrained pay prospects as the Treasury signals a period of subdued wage growth. The fiscal pressures weighing on government finances
The anticipated decline in UK interest rates throughout 2025 did not materialise as expected. At the close of the previous year, the Bank of England held its base rate steady
Homeowners are set to face higher costs for renovations as Travis Perkins, the country’s largest builders merchant, signals a significant increase in prices for key construction materials beginning in January.
The United Kingdom is facing a shifting economic landscape as interest rates continue to fall. Amid the ongoing discussions on stability and growth, Chancellor Rachel Reeves asserts that Labour’s economic
Jaguar Land Rover which employs more than 38000 people has confirmed that a significant cyber attack earlier this year resulted in the theft of staff payroll and benefit data placing
Sir Keir Starmer and Rachel Reeves made economic growth the centrepiece of Labour’s manifesto, yet the first sixteen months of their government have brought little improvement. The UK economy has
Andrew Bailey, Governor of the Bank of England, has strongly defended the institution’s quantitative easing programme undertaken during the Covid pandemic, citing it as a vital intervention to avert a
Oil production in the waters off the Falkland Islands is set to commence following the final investment decisions made by Navitas Petroleum of Israel and Britain’s Rockhopper Exploration. The initial
