UK’s economy experienced a recession in the second half of 2023, presenting a formidable challenge for Prime …
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Bank of England (BOE)
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FeatureInternational NewsMoneyNews
UK inflation holds steady at 4.0% in Jan.
by Nada Aliby Nada AliBritish inflation remained at 4.0 per cent in January, defying expectations of an increase, lower than economists’ …
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British regular wages excluding bonuses increased by 6.2 per cent in the fourth quarter of 2023, compared …
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The Bank of England (BoE) announced on Thursday that its Monetary Policy Committee (MPC) decided to keep …
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FeatureInternational NewsNewsReal Estate
U.K. house prices up 0.7% in Jan – Nationwide
by Aya El Sayedby Aya El SayedU.K. house prices experienced a greater increase than predicted this month due to lower borrowing costs, which …
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Industry & TradeInternational NewsNews
UK’s economy shrinks unexpectedly 0.5% in July
by Nada Aliby Nada AliBritain’s economy fell 0.5 percent in July from June at an unexpectedly sharp rate, that will add …
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BanksFinancial InstitutionsInternational NewsMoneyNews
BOE hikes interest rates to 5% – highest since 2008
The Bank of England (BOE) has increased interest rates by 50 basis points, to five percent on …
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Bank of England’s (BOE) top economist, Huw Pill said “people in the UK need to accept that …
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BanksFinancial InstitutionsInternational NewsNews
Bank of England on high alert amidst current turmoil
Investors are hunting for points of weakness in banking with risks in the sector remaining high, as …
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The Office for National Statistics announced on Wednesday UK’s consumer price index (CPI) reached 10.4 percent in …