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
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
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
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
