Economy

International Airlines Group, the parent company of British Airlines, announced historic annual profits, capitalizing on the renewed demand for travel, particularly from leisure passengers opting for premium economy and business...

The impending challenge of funding a substantial wave of retirements has grown too significant to overlook. As the ageing population increases, the strain on state pension systems becomes an undeniable...

In the wake of the UK's confirmed recession and persistent cost of living challenges, low-income families are grappling with financial strain. Research from the Joseph Rowntree Foundation reveals alarming levels...

Imposed immigration restrictions on international students are raising concerns among university leaders, who predict potential damage to the UK's economy. The enrolment of overseas students has witnessed a significant drop...

In a major move from the Bank of England, Clare Lombardelli has been appointed Deputy Governor of Monetary Policy (DGMP), succeeding Ben Broadbent. Approved by His Majesty the King, Clare...

Britain braces for a looming financial blow as a surge in sick days is predicted to incur a staggering cost of £66 billion by the decade's end, sounding alarm bells...

With Easter fast approaching, many people are looking forward to a time of joy and celebration. However, according to industry analysts, chocolate lovers can expect more expensive Easter eggs this...

UK food price inflation reached its lowest rate in two years due to declining energy costs and intensified competition among supermarkets, providing relief for households amidst stretched budgets. Moderate Food...

A report reveals that the UK's net zero economy experienced a notable surge of 9% in 2023, in stark contrast to the marginal 0.1% growth observed in the overall economy....

UK businesses are grappling with increased shipping expenses and delays of up to four weeks, attributed to Red Sea attacks, according to a statement from a prominent business group. The...

As Chancellor Jeremy Hunt readies for another round of tax reductions in next week’s budget, economists caution that Britain's extended public services will bear the burden of post-election spending cuts....

The most influential banks globally are expressing scepticism about the Bank of England's macroeconomic assessment. A concerning proportion believes that the Monetary Policy Committee has misinterpreted global developments and is...

The Department for Work and Pensions (DWP) has unveiled ambitious plans to optimize £1.4 trillion in pension schemes, aiming to enhance benefits for savers and contribute to the broader economic...

In a promising development for UK households, energy bills are on the brink of reaching their lowest point in two years come April, thanks to a decisive move by Ofgem....

The UK's economy, rebounding from a recent recession, exhibits resilience with robust growth in services firms. Despite a surge in business optimism, inflation concerns, heightened by the recent recession, raise...

In a cautionary note, Swati Dhningra, a policymaker at the Bank of England, has expressed concerns about the potential consequences of delaying interest rate cuts until inflation further subsides. Dhingra...

The Bank of England's official announcement solidifies the introduction of banknotes adorned with the likeness of King Charles III, slated for release on June 5th. In a directive aimed at...

Ramadan is on the horizon, faster than a shooting star! This is an important event for millions of Muslims in the UK. So, when will Ramadan 2024 start in the...

UK motorists have faced a significant £2 surge in petrol prices this month, attributed to escalating fuel costs amidst the ongoing Red Sea attacks. This sharp escalation underscores the susceptibility...

Jeremy Hunt received a pre-budget boost with the latest government borrowing figures revealing that the UK achieved a monthly budget surplus in January, marking a record since modern record-keeping began...

Indicating a positive turn in its economic trajectory, Britain exhibits signs of recovery following a mild recession, as affirmed by the Bank of England governor. The anticipation of a forthcoming...

Amidst the intricacies of fund transfers, a prominent pension provider has issued a stark warning to UK pension savers. The caution emphasizes the looming potential for significant financial losses in...

Recent reports highlight that high housing prices and insecure jobs in Britain are causing UK middle class households to grapple with financial struggles in their journey to maintain decent living...

Economists are pointing to a potential emergence of Britain's economy from recession, propelled by a significant surge in real wages. This wage surge is considered a pivotal factor in bolstering...

The UK has become a major player in the holding and trading of bitcoin. Recent data reveals a persuasive fact: the UK now ranks third globally in terms of the...

The Bank of England faces the peril of exacerbating the UK's recession unless it promptly reduces interest rates to alleviate the strain on households grappling with the relentless cost of...

Britain's system faces the stark reality of struggling to meet the needs of an ageing population, warns Andy Briggs, the chief executive of life insurer Phoenix Group. Retirees are at...

The Bank of England (BoE) has adopted a cautious stance against a backdrop of rising inflation, an energy crisis exacerbated by the war in Ukraine and the lingering effects of...

After enduring years of austerity and weathering the storm of the Covid-19 pandemic, Britain's economic growth faces a daunting reality an ailing workforce and businesses grappling with recruitment struggles. The...

In a week marked by the announcement that inflation remains at 4% in January, a glimmer of hope emerges for savers, the possibility of securing a savings account with an...

As the clock ticks on, signalling the inevitable journey toward retirement, a daunting revelation casts a shadow over the typical worker facing the stark reality of being left £600,000 adrift...

At a critical moment, the UK is facing a looming council funding crisis that threatens essential services and local finances across England. This pressing issue demands immediate attention and decisive...

In the face of a looming national recession, Chancellor Rishi Sunak remains resolute in his assertion that the government can afford to implement tax cuts. Despite concerns about economic downturn,...

On Thursday, amidst the disheartening revelation that the UK economy slipped into a recession in the latter half of 2023, London's financial markets, including the FTSE, and the pound demonstrated...

In the intricate mosaic of the United Kingdom's economic landscape, the omnipresent force of inflation plays a pivotal role, subtly but significantly influencing the costs associated with everyday essentials. Inflation's...

Rishi Sunak's vow to foster economic growth hits a dissonant note as the UK unexpectedly plunges into recession. Shadow chancellor Rachel Reeves asserts that Sunak's commitment lies in tatters, painting...

Despite recent efforts to stabilize inflation, complaints persist among UK households as they continue to feel the impact of rising prices. The Consumer Prices Index (CPI), which peaked in 2022,...

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...

A recent report highlights the struggle of poverty-stricken households in the UK to establish financial resilience amidst the ongoing cost of living crisis. It reveals that over 11 million working...

In a concerning development, individuals receiving care as mentally ill inpatients have been instructed to participate in jobcentre meetings regarding their benefits, further exacerbating the challenges they already have to...

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 the UK nears a historic milestone, welfare costs soar, with the working-age benefits bill set to exceed £100 billion this year. This unprecedented expenditure, linked to a surge in...

The Chancellor's recent decision to abolish the pensions "lifetime allowance" marks a landmark day for British pensions. The move holds the potential to reshape the landscape of retirement savings, promising...

In a notable development directly impacting the London stock market, a senior executive at the Nasdaq stock exchange in New York has issued a direct warning to London's financial leaders....

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....