160 results for "Bank of England"

Last April, the UK saw an increase of 1.1% in average house prices over the same month the previous year, says the Office for National Statistics (ONS). This positive trend...

Britain is in for some good news on Wednesday, with official figures expected to show that inflation has returned to the Bank of England's 2% target for the first time...

Reform UK is expected to announce a bold economic strategy on Monday that includes raising income tax and inheritance tax thresholds. The party says these tax cuts can be financed...

The latest figures from mortgage lender Halifax show that during the crucial spring sales period, UK house prices remained unchanged in May, supported by rising wages and a rise in...

The latest predictions from the British Chambers of Commerce (BCC) suggest that the UK economy is set to grow faster than expected. Moving from a previous estimate of 0.5% to...

UK housing costs accelerated in May, despite a rise in lending costs slowing the recovery, statistics released on Friday showed. House costs rose by 0.4% in both April and May,...

This June is set to bring an avalanche of financial updates that could affect your personal finances. From new cost of living payments to Universal Credit updates, here's a look...

Millions of people are finding it increasingly difficult to pay their bills, buy essentials or even maintain a secure home unless they rely on state benefits, as the cost of...

UK inflation fell to 2.3% in April, marking the lowest percentage for almost three years, but the fall was less than expected, dashing expectations of an interest rate cut much...

According to new estimates from the Office for National Statistics (ONS), UK inflation fell to its lowest level in nearly three years in April as energy prices fell further. Consumer...

Summer is just around the corner and there's good news on the horizon for British households. According to leading industry analysts at Cornwall Insights, a further fall in the price...

The Department for Work and Pensions (DWP) has vowed to offer people additional time and assistance in order for them to find a job. The pledge comes as new Universal...

Over the three months to March, wage growth in the UK remained strong despite the slowdown in the labour market. Members of the Bank of England's Monetary Policy Committee had...

The UK emerged from recession at the beginning of the year thanks to stronger-than-expected growth. According to official statistics, the GDP expanded by 0.6% between January and March—the quickest pace...

The next government will be required to hit voters with post-election tax increases and delay net-zero investment unless it is willing to scrap Treasury guidelines for managing public finances, according...

The Bank of England is likely to hold interest rates at 5.25% for the sixth time in a row on Thursday. The move comes as inflation, which tracks price increases...

As investors grow increasingly confident that the Bank of England will start cutting rates by the summer, overtaking the US equivalent, they have increased their bets against sterling. According to...

Taxes and high interest rates are set to make the UK economy the slowest growing in the G7 next year, according to forecasts by the Organisation for Economic Co-operation and...

Eight money and cost of living adjustments that will affect bank accounts. New changes go into effect this month, affecting Department for Work and Pensions (DWP) claimants, Universal Credit beneficiaries,...

According to Nationwide, UK house prices dipped in April as prospective buyers faced persistent affordability pressures. UK House Prices Slide as Lenders Raise Mortgage Rates The UK's largest building society...

Retail data recently showed that non-food prices in UK stores fell annually for the first time since 2021, bringing overall shop inflation below 1%, easing the burden of rising living...

As of 2024, the UK's mortgage payments had risen by a staggering 60% compared to 2021, giving a clear idea of the financial pressure homeowners are under. This significant jump...

British people could potentially gain an additional £1,000 in real terms on their savings, says the analysis, as providers offer competitive interest rates that exceed inflation levels. The current financial...

The cost of living crisis that has plagued millions of households since the end of 2021 appears to be easing, as data shows that UK grocery price inflation fell to...

Larger property has pushed asking prices to near record levels in April, following data that suggests the UK housing market is still recovering despite the recent volatility in mortgage rates....

According to reliable government sources, Chancellor Jeremy Hunt is currently mulling over further National Insurance reductions. The announcement of tax policy scheduled for September is generating growing impatience about the tax...

UK rental prices soared at a record rate of 9.2% over the past month, while house prices stagnated, with London suffering the most. As well, rising borrowing costs continued to...

According to the Office for National Statistics, the UK economy saw a 0.1% increase in Gross Domestic Product (GDP) in February of this year, following a 0.3% rise in January....

Halifax, a leading UK lender, reported that UK housing prices fell in March for the first time in six months, which surprised analysts and added to the indications of irregularity...

Leading UK Affordable Housing Associations issued warnings recently, pointing to a growing shortage of housing supply and the increasing financial difficulty of building new affordable homes. As public funding falls,...

According to Nationwide building society, UK house prices dropped for the first time in three months as high mortgages continue to impact the market. UK House Prices Dip for First...

The UK is taking steps to keep up with the rising cost of living by significantly increasing the legal minimum wage. However, the question remains: will it be enough? 9.8%...

The UK housing market is poised for an active spring, thanks to lower mortgage interest rates and increased buyer confidence. The latest HMRC report shows an encouraging increase in property...

British food inflation has reached its lowest level since February 2022, prior to Russia's invasion of Ukraine, says industry data. The data suggests that rising food costs are finally beginning...

UK banking officials and pension fund managers have expressed concern about the potential market failure of long-term government Bond auctions, which could plunge the country into financial turmoil similar to...

Brokers and housing market analysts predict mortgage rates to fall slightly in the coming weeks. This is due to positive inflation data and an optimistic outlook from the Bank of...

Bank of England Governor Andrew Bailey has indicated that further interest rate cuts are probable this year, given the encouraging signs that inflation is approaching the Bank's target. Interest Rate...

The recent borrowing figures of the UK government have been a surprise to many. The nation's finances seem to be under more strain than anticipated, with a reported borrowing of...

UK inflation dropped to 3.4% in February, the lowest rate for two and a half years, as the annual pace of price hikes started to slow after surging in January....

UK house prices are now stable, but surveyors have cautioned that although more sellers are putting their properties on the market, the stance remains vigilant due to the continuous uncertainty...

Official data showed that the UK economy displayed signs of growth in January after experiencing a mild recession in the second quarter of 2023, offering prime minister Rishi Sunak a...

New data reveals that wage growth fell slightly short of expectations, pointing to a growing impact of the Bank of England's interest rate increase on the broader economy. UK Wage...

Job vacancies in the UK have dropped to their lowest in three years as recruiters delay or suspend their hiring processes. A situation that considerably impacts the country's economy, already...

In Thursday's London session, the pound sterling (GBP) shows resilience versus the US dollar as traders anticipate that the Bank of England (BoE) would follow the Federal Reserve (Fed) in...

According to the latest data from Halifax, UK house prices have experienced a 1.7% annual surge, bringing the average cost of a UK house remarkably close to the peak recorded...

The Office for Budget Responsibility (OBR) anticipates a notable economic development as inflation is projected to dip below the government's 2% target in the coming months. OBR Forecasts Inflation Dip...

Online property platform Zoopla has unveiled optimistic figures, indicating a robust trajectory for UK property sales. Projections suggest the market is poised to achieve approximately 1.1 million transactions throughout the...

Employment opportunities have declined significantly, experiencing a notable 15% drop. This downturn comes amidst a backdrop of escalating borrowing costs and a broader economic recession within the UK. Employment Opportunities...

As the UK enters its first recession in 11 years, gold's safe-haven appeal is attracting attention from investors. As the economy slows and markets become more volatile, they are looking...

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...