Tag Archives: UK

Key Takeaways May’s budget deficit hit £23.3 billion, up 30% year-on-year and well above the £18.5 billion forecast. Debt interest costs jumped 54% in May, with further increases expected next month. Two-month borrowing for the fiscal year is running 24% above 2025 levels, exceeding OBR forecasts. UK 15-year bond yields …

Key Takeaways CPI steady at 2.8%: UK inflation was unchanged from April’s 13-month low — well below the 3.0% forecast by economists and the BoE’s own 3.3% projection. Sterling weakens slightly: The pound dipped against the dollar following the softer-than-expected print. Gilt yields fall: UK government bond yields dropped to …

Key Takeaways Strongest expansion in 4 years: The S&P Global UK Manufacturing PMI rose to 53.9 in May from 53.7 in April — the seventh consecutive month above the 50-point growth threshold. Production expands for second month: Growth driven by intermediate and investment goods; consumer goods output dipped slightly. New …

UK Prime Minister Keir Starmer has departed for the Middle East on a high-stakes diplomatic mission following the announcement of a ceasefire agreement reached overnight, a development that sent a cautious wave of optimism through global energy markets still scarred by months of regional instability. Starmer welcomed the agreement, describing …

The UK labour market showed signs of stabilization in February, with steady unemployment and stronger-than-expected job growth, even as rising energy costs threaten to weigh on the economic outlook. Unemployment held at 5.2%, below expectations of 5.3%, while payrolls increased by 20,000, outperforming forecasts for a decline of 5,000. Employment …

Private sector activity in the U.K. expanded at its fastest pace in nearly two years in January, according to S&P Global’s latest flash PMI data, signaling a stronger start to 2026 for the economy. The composite PMI rose to 53.9 from 51.4 in December, marking the ninth straight month above …

Britain’s annual inflation rate climbed more than anticipated in December, reinforcing the case for caution at the Bank of England and raising doubts over whether policymakers will cut interest rates at their February meeting. Consumer prices rose 3.4% year-on-year, exceeding forecasts of 3.3% and edging higher from November’s 3.2%. While …

The U.K.’s annual inflation rate fell sharply in November, reinforcing expectations that the Bank of England (BoE) could cut interest rates at its final policy meeting of the year later this week. Data showed consumer price inflation eased to 3.2% in November, down from 3.6% in October. While inflation remains …

U.K. inflation eased in October but by slightly less than expected, leaving the Bank of England on a narrow path as markets weigh the chances of a rate cut at next month’s final policy meeting of 2025. CPI: +3.6% y/y (vs 3.8% in September; 3.5% expected) — lowest since May …

U.K. inflation remained unchanged in September, easing pressure on the Bank of England (BoE) ahead of its November policy meeting, although the rate still sits nearly double the central bank’s target. According to data from the Office for National Statistics (ONS), annual CPI rose 3.8%, matching readings from July and …