Economic news and events

UK FCA to discuss savings rates concerns with bank chiefs

Bank chiefs are meeting Financial Conduct Authority officials on Thursday to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages.

Bosses from...

Thu, 06/07/2023 - 06:19

UK FCA tells asset managers to get liquidity management ‘right’

The UK Financial Conduct Authority on Thursday said warned asset managers must control their liquidity levels better as a failure to do so could bring...

Thu, 06/07/2023 - 05:06

BoE too slow to ’wake up’ to inflation, former deputy governor says

The Bank of England misjudged the threat of inflation and did not move quick enough to raise interest rates, the central bank’s former deputy governor...

Wed, 05/07/2023 - 16:49

Ireland unemployment rate unchanged at 3.8% in June - CSO

Ireland’s unemployment rate was unchanged at 3.8% in June, official data showed on Wednesday.

The Central Statistics Office said the seasonally-adjusted unemployment rate was unchanged from...

Wed, 05/07/2023 - 11:24

TOP NEWS: Upturn in UK services sector continues, but at slower pace

Growth in the UK’s services sector slowed in June, survey data on Wednesday showed, but the private sector as a whole continued to expand.

The...

Wed, 05/07/2023 - 09:50

Irish services sector continues to see expansion in June

Ireland’s services sector continued to grow in June, but the rate of expansion slowed slightly from May, according to survey data on Tuesday.

The AIB...

Wed, 05/07/2023 - 06:58

Average five-year UK fixed-rate mortgage tops 6% - Moneyfacts

The average five-year fixed-rate homeowner mortgage has jumped above 6% for the first time since November last year, new data shows.

Across all deposit sizes, the...

Tue, 04/07/2023 - 12:04

China tells UK’s Cleverly to stop ’interfering’ in Hong Kong

China has urged UK Foreign Secretary James Cleverly to stop ‘interfering’ after he vowed to defend pro-democracy activists targeted with arrest warrants.

The diplomatic row broke...

Tue, 04/07/2023 - 11:06

UK council chiefs warn of £3 billion black hole in services funding

UK councils face a £3 billion funding gap just to maintain existing levels of services, local authority chiefs have warned.

The Local Government Association warned that...

Tue, 04/07/2023 - 09:21

UK to host first UN Security Council meeting on threat of AI

A first UN Security Council meeting on the potential threats of artificial intelligence to international security will be the centrepiece of the UK’s presidency this...

Tue, 04/07/2023 - 06:27

Pages