Economic news and events


TOP NEWS: UK economy contracts by 0.1% in May; production down

The UK economy saw a milder-than-expected contraction in May, according to figures from the Office for National Statistics on Thursday, while industrial production declined and...

Thu, 13/07/2023 - 07:22


UK home buyer inquiries, sales, prices fell back in June - surveyors

UK house hunter inquiries, sales and property prices slipped back further in June as mortgage rates increased, according to surveyors.

But the upward pressure on rental...

Thu, 13/07/2023 - 05:24


EU countries agree on 2024 draft budget as negotiations continue

EU ambassadors have agreed on a common position for the bloc’s 2024 draft budget that would see €187 billion in commitments, according to statement issued by...

Wed, 12/07/2023 - 21:13


Chancellor stresses need for ’responsible’ approach to public sector pay

The Chancellor Jeremy Hunt appeared to discourage workers from asking for pay rises far above the target rate for inflation as he stressed the Government’s...

Wed, 12/07/2023 - 20:49


New rules to make it easier to use public electric car chargers in UK

Electric car drivers in the UK will only need one app to pay for public chargepoints operated by different companies, under legislation laid in UK...

Wed, 12/07/2023 - 12:19


TOP NEWS: Major UK banks ‘resilient’ in BofE’s annual stress test

The Bank of England on Wednesday said the major UK banks were ‘resilient to a severe stress scenario’, in its latest cyclical stress test results,...

Wed, 12/07/2023 - 08:39


Unlimited fines for environmental polluters, UK government confirms

Environmental regulators will be able to charge polluters unlimited penalties for causing damage, the UK government has confirmed.

The current limit of £250,000 is to be...

Wed, 12/07/2023 - 08:26


Two-year mortgage rates at 15-year high as lenders probed by MPs

Average two-year fixed mortgage rates jumped to a 15-year high on Tuesday, as Jeremy Hunt appeared not to rule out more help for householders facing...

Tue, 11/07/2023 - 21:29


Ryanair resigns from UK Aviation Council branding it a ‘talking shop’

Budget airline Ryanair Holdings PLC has resigned from the UK Aviation Council and branded it as a ‘talking shop’ which does not deliver benefits or...

Tue, 11/07/2023 - 19:14


Average UK 2-year fixed mortgage rate at highest level in 15 years

The UK average two-year fixed-rate homeowner mortgage rate has surpassed the levels seen in the aftermath of last autumn’s mini-budget, reaching its highest level in...

Tue, 11/07/2023 - 10:19


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