Economic news and events


TOP NEWS: UK unemployment rises to 4.0%; wage inflation speeds up

UK unemployment rose unexpectedly in the three months to May, while wage inflation picked up speed, figures from the Office for National Statistics showed on...

Tue, 11/07/2023 - 07:18


Time to meet 2% defence spending pledge, Sunak to tell Nato allies

UK Prime Minister Rishi Sunak will head to the Nato summit in Lithuania with a renewed call for all members of the alliance to commit...

Tue, 11/07/2023 - 06:38


Sunshine boost for UK retail sales in June but confidence ‘fragile’

UK retail sales increased by almost 5% in June, although this masked a large drop in volumes after accounting for inflation, numbers on Tuesday showed....

Tue, 11/07/2023 - 05:02


UK seeks pensions boost for sluggish economy

British finance minister Jeremy Hunt on Monday unveiled plans to channel more of the nation’s pension fund cash into UK companies and boost the inflation-battered...

Mon, 10/07/2023 - 22:00


Hunt prioritises tackling inflation over tax cuts amid pressure from Tory MPs

Jeremy Hunt will say he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway.

In his first...

Mon, 10/07/2023 - 21:14


BoE must see the job through to bring inflation down - Bailey

Bank of England Governor Andrew Bailey has vowed that the central bank must ‘see the job through’ to quickly bring inflation back down.

Bailey will stress...

Mon, 10/07/2023 - 17:29


UPDATE: President Biden hails ‘rock-solid’ US-UK links in Sunak talks

US President Joe Biden has hailed the ‘rock-solid’ relationship between the US and the UK as he met Prime Minister Rishi Sunak in Downing Street.

The...

Mon, 10/07/2023 - 15:54


US President Joe Biden visits Britain ahead of NATO summit

US President Joe Biden met UK Prime Minister Rishi Sunak on a flying visit to London on Monday, as both readied to join a NATO...

Mon, 10/07/2023 - 11:12


Average UK 2-yr fixed mortgage rate closes in on post-mini-budget peak

The average two-year fixed-rate homeowner mortgage rate is close to surpassing the highest levels seen last autumn, during the aftermath of the mini-budget, according to...

Mon, 10/07/2023 - 11:05


UK vacancy growth eases to 28-month low as hiring under pressure

Vacancy numbers in the UK grew at the slowest rate for 28 months as economic uncertainty continues to weigh on hiring, according to new figures...

Mon, 10/07/2023 - 09:30


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