Bailey Warns of Economic Slack and Job Market Weakness The British pound fell to a three-week low after Bank of England Governor Andrew Bailey indicated the central bank may accelerate interest rate
Growth flatlines amid sectoral weakness The UK economy showed no growth in July, marking a sharp slowdown from the 0.4% expansion recorded in June, according to the Office for National Statistics (ONS).
Chancellor Rachel Reeves described her tax-raising Budget as a blueprint to “restore stability to our economy and begin a decade of national renewal.” However, fresh inflation data and expert analysis have cast