Economy

Official data shows that UK inflation held steady at 4% in January, defying all the previous forecasts of a higher rise, as household goods’ and food prices drop counteracting the…

The situation facing Bank of England rate setters became more complex today as official data revealed that wages had increased more than expected by the end of 2023. This unexpected…

Despite initial expectations of a slowdown, recent data indicates that pay growth in the UK has defied projections, continuing its upward trend. This persistence is noteworthy, particularly amidst challenges such…

In an effort to counter a substantial poll deficit against the Labour Party and address criticism from within his own party, Chancellor Rishi Sunak has endeavoured to present a more…

The United Kingdom is poised to experience a second consecutive monthly increase in its inflation rate, dealing a setback to expectations of a potential interest rate cut by the Bank…

As the City awaits the new revelations next week, anticipation looms over the fate of the UK economy, hanging in the balance of whether it succumbed to a recession in…

As of today, households are set to receive the third instalment of the £299 cost of living payments, marking the completion of the three-part support package initiated in autumn 2021.…

In the revered halls of the UK’s premier agricultural research institution, a storm brews. The institution faces a looming funding abyss, casting a shadow over its groundbreaking work and placing…

Addressing inflation requires sacrifices from UK workers, including accepting reduced income deals, and necessitates organizations to regulate their profits. This cautionary stance is emphasized by a Bank of England official,…

Starting this Tuesday, a crucial support measure will benefit eight million households dependent on means-tested benefits. This final installment of the cost-of-living boost aims to alleviate the strain caused by…

In a recent statement from Buckingham Palace, it was revealed that King Charles III has been diagnosed with cancer, prompting an outpouring of support from royal family members and political…

If Sir Keir Starmer’s party secures victory in the general election, he is poised to introduce groundbreaking legislation. Reports suggest that under the proposed draft Race Equality Act, ethnic minority…

The Office for National Statistics (ONS) has released a promising update on the UK’s economic status, indicating a substantial decrease in the rate of the unemployed people. In a surprising…

Amidst the backdrop of escalating inflation and interest rates, UK businesses find themselves grappling with the second-highest level of financial distress across Europe. Insights into UK and European Business Sector…

Sir Keir Starmer and shadow chancellor Rachel Reeves are facing internal criticism within the Labour Party due to their growing reservations about the party’s key environmental policy during an election…

The resolution to Britain’s growing public debt crisis demands a comprehensive fiscal overhaul. Despite this urgency, both the current Tory government and the anticipated Labour successor exhibit a notable reluctance…

The Bank of England has opted to maintain the current interest rates at 5.25 percent, citing a forecast indicating a quicker-than-anticipated decline in inflation to reach its target level. This…

Legal professionals are sounding the alarm about the insufficient oversight in local government, highlighting a concerning trend where close to 10% of UK councils have faced corruption investigations in the…

Upcoming rail strikes in the north of England will halt all Northern and TransPennine Express services on Wednesday, causing widespread disruptions. The Night Time Industries Association highlights the substantial economic…

A cross-party coalition of Members of Parliament is urging ministers to promptly allocate £4 billion to bolster English town hall budgets. This call for action aims to avert an imminent…

The UK population is set to witness an important growth in the next decade according to recent projections. This signifies a rise of approximately 6.6 million individuals, equivalent to a…

Renowned economist Hamish McRae provides insights into the trajectory of the UK economy, emphasizing upcoming figures that could signal a rebound. Anticipated interest rate adjustments add to the intrigue, and…

Amidst the soaring cost of living in the UK, individuals and families eagerly anticipate essential UK financial support. Understanding the intricacies of these allocations is vital for effective financial planning.…

While the significant drop in forecasted inflation for 2024 may seem like good news for many households, experts are warning of potential deflationary risks in the United Kingdom. Anticipated Inflation…

The UK has recently achieved its lowest-ever ranking on the International Corruption Perceptions Index, which assesses countries based on analysts’ perceptions of potential corruption in their public services. UK Falling…

Analysts are increasingly noting the Bank of England’s likely recognition of the unexpected progress in curbing inflation. However, the central bank remains hesitant about initiating interest rate cuts. The Bank…

On Thursday, the European Central Bank decided to maintain its current interest rates, emphasizing a commitment to keeping them elevated for an extended period. The central bank’s primary objective is…

In the most recent quarter, the U.S. economy encountered an unforeseen deceleration, surpassing predictions and fostering optimism about steering clear of a recession. Despite the slowdown, the performance outstripped forecasters’…

The start of the new year brought about more favorable economic conditions for Americans than anticipated, with declining inflation rates and robust employment figures exceeding expert predictions. However, despite this…

SEC Chair Gary Gensler who previously supervised federal debt market management at the U.S. treasury, has advocated a move that requires almost all the treasury trading to move to a…

Since the onset of the 2020 global health crisis, the wealth of the richest individuals has reportedly doubled, creating a stark contrast to the widespread impoverishment and hunger faced by…

As of 2022, the United States grapples with a staggering student loan debt exceeding 1.76 trillion U.S. dollars, a figure swiftly approaching the 2 trillion mark. This debt, accrued by…

The European Central Bank’s Chief Economist warned that ongoing inflation threats may prevent the ECB from implementing rate cuts this year, despite acknowledging the possibility of an economic downturn. Euro-zone…

  According to famous economists, U.S. consumers are feeling the impact of increased interest rates, while financial firms seem to be reaping the benefits. Rising Debt and Consumers Struggles Amid…

Bitcoin and other cryptocurrencies investments have known a major rise in the past few months amid Bitcoin ETF anticipation. The enthusiastically expected Bitcoin ETF approval is likely in the next…

The U.S. national debt has reached new heights as it hits a record-breaking $34 trillion. Experts in economy have become increasingly concerned about the debt crisis in the United States…

The start of a new year often means a day of rest and relaxation for many individuals. However, some people may find themselves in need of supplies or wanting to…

The U.S. has undergone one depression in the last century—from the stock market crash of 1929 to 1939. Conditions since then have dramatically improved. However, the emergence of the “Silent…

Low-cost airline easyJet has confirmed an order for an additional 157 aircraft from the A320neo family, following approval from its shareholders. The firm order includes 56 A320neo and 101 A321neo…