Tag Archives: UK

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 …

The UK economy is projected to expand by 1.5% in 2025, a notable improvement from the 0.9% growth recorded last year, according to analysts at UBS. In their latest report, they attributed this expected rebound to a “less contractionary fiscal policy,” which could provide the British economy with significant momentum. …

The British economy showed no growth in the third quarter, according to revised data from the Office for National Statistics (ONS), highlighting economic challenges facing Prime Minister Keir Starmer‘s government. The ONS adjusted its estimate of GDP growth for the July-to-September period to 0.0%, down from an initial projection of …

British inflation surged to its highest level in eight months this November, reaching 2.6% on an annual basis, compared to 2.3% in October. This marks a sharp climb from September’s 1.7%, the first time inflation dipped below the Bank of England’s (BoE) 2% target in over three years. While this …

The UK economy shrank for the second month in a row in October, marking the first back-to-back declines in economic output since the early days of the COVID-19 pandemic. Gross domestic product (GDP) fell by 0.1% in October, mirroring the contraction seen in September, according to data from the Office …

Britain’s public finances faced mounting pressure in October as borrowing levels exceeded expectations, posing a significant challenge for Finance Minister Rachel Reeves. Official data from the Office for National Statistics (ONS) revealed that public sector net borrowing reached £17.4 billion ($22 billion) in October, well above the £12.3 billion forecast …

Inflation in the United Kingdom unexpectedly surged in October, pushing consumer price growth back above the Bank of England’s (BoE) 2% target. The increase in underlying inflation pressures suggests that the central bank may need to tread carefully when considering interest rate cuts. Consumer prices rose by an annual 2.3% …

As investors look for fresh clues about possible interest rate moves by the Fed and ECB in December, EUR/USD has gained ground and is now trading close to 1.0550. There is no pressing need to lower interest rates, Fed Chair Jerome Powell stressed. Investor anxiety over a trade war between …

Britain’s economy experienced an unexpected contraction in September, with growth nearly stagnating over the third quarter, dealing an early challenge to finance minister Rachel Reeves’ ambitions for a sustained economic boost. According to data from the Office for National Statistics, Gross Domestic Product (GDP) declined by 0.1% in September, as …

British public borrowing in the first six months of the tax year exceeded official forecasts, posing a challenge for Finance Minister Rachel Reeves ahead of her first budget next week. Borrowing totaled £79.6 billion ($103.5 billion) from April to September, nearly £7 billion higher than projections made by the Office …