Tag Archives: UK

U.K. retail sales experienced a sharp decline in May, reversing the gains made in April, with food store sales particularly hard-hit. According to data released by the Office for National Statistics (ONS) on Friday, retail sales fell by 2.7% month-on-month, following a revised 1.3% increase in April. Economists had anticipated …

Britain’s economy faced a significant slowdown in April, as official data released on Thursday showed a larger-than-expected 0.3% contraction in gross domestic output compared to March, marking the biggest monthly drop since October 2023. This decline followed a 0.2% growth in March and exceeded the 0.1% fall forecasted in a …

British inflation accelerated sharply in April, exceeding both market and central bank forecasts, reigniting concerns that price pressures remain deeply rooted in the economy and potentially challenging the Bank of England’s expected path of gradual interest rate reductions. Data released by the Office for National Statistics (ONS) on Wednesday showed …

President Donald Trump made a flurry of remarks on Thursday, highlighting what he described as a major breakthrough in trade relations with the United Kingdom.Key TakeawaysJust concluded rare earth deal with Ukraine. Speaking with Zelenskiy soon. Reached breakthrough deal with UK. UK agreement increases access for beef, ethanol. UK will …

U.K. retail sales unexpectedly rose in March, surprising economists and offering a rare bright spot amid growing concerns over the impact of U.S. President Donald Trump’s aggressive trade policy on global sentiment. According to data from the Office for National Statistics (ONS) released Friday: Retail sales rose 0.4% month-on-month in …

The UK’s economic growth forecast for 2025 has been revised downward to 1.0%, according to Finance Minister Rachel Reeves. The announcement, made on Wednesday, cites updated estimates from the Office for Budget Responsibility (OBR). This new projection marks a sharp decline from the previously expected 2.0% growth, which was part …

The United Kingdom’s inflation rate rose to 3% in January, surpassing the 2.8% forecast by economists, according to data from the Office for National Statistics (ONS) on Wednesday. Key Highlights: Inflation accelerated from 2.5% in December to 3% in January. Core inflation (excluding energy, food, alcohol, and tobacco) rose to …

Britain’s economic output edged up by 0.1% in November compared to October, marking the first increase in three months. However, the rise was below the 0.2% expansion predicted by economists in a Reuters poll, according to data released Thursday by the Office for National Statistics. The modest growth followed two …

UK inflation data for December came in cooler than expected, providing some relief to policymakers at the Bank of England (BoE) ahead of their February meeting. The figures suggest a window for the central bank to consider reducing interest rates, especially as the economy continues to face challenges. Key Inflation …

Shares in leading UK retailers fell sharply on Thursday, erasing £2 billion ($2.45 billion) in market value, as concerns about weakening consumer confidence and mounting economic pressures overshadowed strong Christmas trading results. Key Highlights Pressure on Consumer Sentiment Retailers are bracing for higher employer taxes and minimum wage increases starting …