Bank of England Set to Cut Rates Amid Rising Jobless Rate
Markets expect fifth cut as economy stalls The Bank of England is poised to lower interest rates this week in an effort to support a stalling UK economy under pressure from rising
Pound Falls as BOE Signals Faster Rate Cuts
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
Bank of England Cuts Rates, Slashes Growth Forecast
The Bank of England has halved its UK growth forecast for 2025, expecting the economy to expand by just 0.75%, down from its previous estimate of 1.5%. The downgrade comes as the
UK Economy Stalls in July, Pressuring Autumn Budget
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).
IMF Upgrades UK Growth Forecast Amid Fiscal Challenges
The UK economy is expected to grow slightly more than previously anticipated in 2025, with the International Monetary Fund (IMF) forecasting a 1.2% growth this year and a slight increase to 1.4%
UK Economy Surprises with 0.7% Growth, But Challenges Ahead
Britain’s economy grew more strongly than expected in early 2025, giving a boost to the government and finance minister Rachel Reeves. However, she faces tougher challenges ahead due to her tax hike
Pound Slips as UK Growth Disappoints, Euro Rises
The British pound lost ground against the dollar on Friday after disappointing economic data, while the euro strengthened on news of a German debt deal. Sterling fell as much as 0.25% to
UK Retailers Urge Government to Close Tax Loophole
Retailers and tax campaigners are calling on the UK government to close a loophole that allows companies like Shein and Temu to flood the market with cheap imports, avoiding taxes and undercutting
Bank of England Rate Cut Expectations Wane Amid Sticky Inflation
Investor confidence in significant rate cuts from the Bank of England (BOE) next year has diminished, with sticky inflation and robust wage growth fueling doubts about aggressive monetary easing. Money markets now