Economic news and events


UPDATE: BoE’s Bailey says too soon to be mulling interest rate cuts

Bank of England Governor Andrew Bailey on Thursday pushed back on hope that it will soon cut rates, believing there is still some ‘distance to...

Thu, 02/11/2023 - 13:32


TOP NEWS: BoE leaves UK rates unmoved as warns of higher for longer

The Bank of England maintained UK interest rates at a 15-year high on Thursday, in a slightly less split vote by policymakers, as Threadneedle Street...

Thu, 02/11/2023 - 12:17


Ireland jobless rate up to 4.8% in October from 4.7% in September

Ireland’s unemployment rate edged slightly higher last month, numbers from the Central Statistics Office showed Thursday.

The nation’s jobless rate rose to 4.8% in October,...

Thu, 02/11/2023 - 11:11


UK Labour party vows to force firms developing AI to meet requirements

The UK Labour party has said it would urgently introduce binding requirements for companies developing powerful artificial intelligence after Rishi Sunak said he would not...

Thu, 02/11/2023 - 08:51


Thousands of UK job losses expected to be confirmed at Port Talbot

Unions are expecting confirmation of thousands of job losses at the UK’s biggest steel plant.

The board of Tata, the Indian conglomerate that owns the Port...

Wed, 01/11/2023 - 12:31


TOP NEWS: UK manufacturing downturn persists into final quarter

The UK’s manufacturing sector continued to deteriorate in October, according to survey data on Wednesday.

The S&P Global/CIPS manufacturing purchasing managers’ index posted 44.8 points...

Wed, 01/11/2023 - 10:04


TOP NEWS: UK house prices see monthly rise in October - Nationwide

The annual pace of decline in UK house prices eased somewhat in October, according to Nationwide data on Wednesday, as prices rose on a monthly...

Wed, 01/11/2023 - 07:12


Ireland factory sector suffers from fall in new order intake

Irish manufacturing activity worsened in October, amid a decline in new orders, according to survey results published on Wednesday.

The AIB purchasing managers’ index for the...

Wed, 01/11/2023 - 06:56


More firms going bust in England and Wales than since 2009

More businesses have gone bust in England and Wales in recent months than since 2009 amid the aftermath of the financial crisis, according to UK...

Tue, 31/10/2023 - 12:19


UK shop price inflation eases for fifth consecutive month

Shop price inflation has eased for the fifth consecutive month to its lowest rate since last August, figures show.

Prices were 5.2% higher in October than...

Tue, 31/10/2023 - 06:18


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