Tag Archives: UK

The UK services sector saw its fastest expansion in nearly a year in June, according to the latest data released by S&P Global. The Services Purchasing Managers Index (PMI) climbed to 52.8, up from 50.9 in May, signaling robust growth in the sector. This positive reading not only exceeded the …

UK house prices dropped by 0.8% in June, marking the biggest monthly decline in more than two years, according to data from mortgage lender Nationwide. This drop was sharper than the forecasted 0.2% increase, highlighting a cooling in the housing market. The decline is attributed to the ending of a …

Retail sales in the UK faced a significant downturn in June, as the latest survey by the Confederation of British Industry (CBI) revealed a deeper contraction in sales activity compared to May. The CBI’s monthly retail sales gauge, which compares sales figures to those from the same time last year, …

The NATO summit in The Hague on June 24-25, 2025, has thrust defense budgets into sharp focus, with allies pledging to raise spending to 5% of GDP by 2035, up from the prior 2% target. Fueled by U.S. President Donald Trump’s call for equitable contributions and escalating Russian threats, this …

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 …