The Bank of England target is to keep inflation at 2%. With inflation well above that level, the Bank increased interest ...
British employers expect to raise wages by 4% over the coming 12 months, a similar rate to three months ago, according to an ...
Britain exited a shallow recession with better-than-expected growth in the first quarter, official data showed Friday, in a ...
UK inflation is currently 4% a year, with the Bank Rate of 5.25% unchanged since last August. There is little expectation of a Bank Rate cut this month, especially given today’s figures from the US.
The Pound Sterling posted net gains after stronger-than-expected first-quarter GDP data which pulled the UK economy out of ...
After years of low rates, high-yield savings accounts are having a moment as the Bank of England has kept interest rates at a ...
The United Kingdom has come out of a short and shallow recession, giving Prime Minister Rishi Sunak a sorely needed boost ahead of an election expected later this year.
Britain's economy grew by the most in nearly three years in the first quarter of 2024, ending the shallow recession it ...
UK inflation dynamics are different to US. There has been some decoupling recently between UK and US market rate expectations ...
Food price inflation is at its slowest rate since March 2022, according to the BRC. It also found non-food products have gone ...
Core inflation was 4.7% in March. Soaring food and energy bills were the main causes of the UK's recent high inflation. Oil and gas were in greater demand after the Covid pandemic, and prices ...
The United Kingdom has come out of a short and shallow recession, official figures showed Friday, giving Prime Minister Rishi ...