Tag Archives: UK

The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its December policy meeting and kept the Asset Purchase Facility steady at £895 billion.

The UK manufacturing and services sector activities showed mixed performance in December, the preliminary report from IHS Markit showed this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to a 37-month high level of 57.3 in December. The reading surpassed consensus estimates pointing to a …

Official data revealed that inflation in Britain slowed more than expected in November, which may reflect the Black Friday discounts, with the price of clothes and shoes falling at the highest rate in ten years. The Office for National Statistics said consumer prices rose 0.3% year-on-year after rising 0.7% in …

British Prime Minister Boris Johnson’s spokesman said on Tuesday that the PM has reemphasised to his cabinet his desire to reach a trade deal with the European Union but not at any cost, per Reuters. “The PM restated to the cabinet that a no-trade deal was the most likely outcome,” …

The unemployment rate in Britain increased again in three months until October, while the number of workers who were laid off reached a record high, as companies prepared for the end of the government’s job support program as part of measures to mitigate the repercussions of the Corona pandemic, which …

British Prime Minister Boris Johnson’s spokesman said on Monday that it’s still possible that they will not be able to reach a trade deal with the European Union due to remaining gaps, as reported by Reuters. “Time is in very short supply and has been for some time,”.”We remain hopeful …

British Prime Minister, Boris Johnson crossed the wires in the last hour and said that we are always hopeful on Brexit. But from where we stand now, it is very, very likely that we will have a no-deal Brexit, Johnson added further.

Bank of England Governor Andrew Bailey said Friday that there is a limit to the Bank of England’s ability to avoid disruption and volatility in financial markets after the Brexit transition period ends on December 31. Bailey added that work on negative interest rates is still ongoing. “I don’t want us …

Official figures showed that the recovery of the British economy almost stopped in October due to the high number of cases of Coronavirus, which dealt a blow to the hospitality sector. The Office for National Statistics said gross domestic product rose 0.4% month-on-month, which is in line with expectations in …

The Confederation of British Industry (CBI) has warned that the country’s economy is unlikely to return to its pre-COVID-19 scale before the end of 2022 and that unemployment appears to rise sharply in the first half of next year. The union expected the British economy to contract by a record …