176 results for "Bank of England"

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...

With crypto-assets becoming increasingly mainstream, yet remaining largely unregulated, the authorities have struggled to strike a balance between innovation and risk. Today, concrete legislative proposals are imminent. The UK government...

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...

House prices in Britain have experienced a year-on-year increase for the first time in six months, reflecting a boost in demand from buyers and indicating a stabilization trend in the...

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...

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...

Official statistics project a forthcoming rebound in the UK housing market for 2024, spurred by a £4000 decline in house prices noted in the previous year. This anticipated recovery carries...

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...

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...

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...

The UK housing market maintains its momentum with a fourth consecutive surge in house prices observed in January. Insights from Halifax, a leading mortgage lender, shed light on this trend,...

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...

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...

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...

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...

Nationwide reports suggest a brighter outlook for the UK housing market, with recent price trends indicating notable improvements. UK House Prices Surge In January, the index of the building company...

Jeremy Hunt remains committed to proceeding with tax cuts, despite the International Monetary Fund (IMF) cautioning that the increasing debt burden and NHS challenges render such cuts unsustainable for Britain....

In 2024, UK household incomes are expected to improve significantly, marking a potential "turning point" for the nation's stable economy. This positive outlook is driven by anticipated interest rate cuts,...

The U.S. Dollar rose while investors toned down their expectations for a rate cut by the Federal Reserve in March, driven by persistent inflationary pressures affecting the yen and pound....

New funding of £421 million means that households in hardship can get up to £500 of much-needed support for energy, food, and necessities.

State pensioners living in certain areas in the UK can benefit from the Winter Heating Payment, a lesser-known scheme aimed at helping with heating costs during the colder months.

Households have only a limited time to claim free payments from the Household Support Fund (HSF), which is offering more than £57 million in unclaimed support. This allocation of funds,...

A sum of £150 is expected to be automatically deposited into the bank accounts of English, Scottish, and Welsh state pensioners following the Government’s Warm Home Discount scheme this winter....

Over 221,000 individuals from across the UK have signed an online petition initiated by Age UK, calling on Chancellor Rachel Reeves to overturn the decision that requires means testing for...

Many struggling UK households are set to receive cost of living grants of up to £600 to help cover their daily expenses. The payments are part of the Household Support...

Since 1997, British elderly citizens have been given heat allowances that are not taxed. This Winter Fuel Payment was initiated years ago by the Labour Government and used to give...

Boots, the well-known and established pharmacy and health and beauty retailer, has announced the closure of hundreds of its stores by the end of the summer. Amongst its 300 shops,...

Due to the upcoming bank holidays, payment dates are set to change as revealed by the Department for Work and Pensions (DWP). The first bank holiday, observed only in Scotland,...

According to the most recent figures from the Department for Work and Pensions (DWP), there were 6.9 million people across England, Scotland and Wales, getting financial help through Universal Credit at...

Sir Keir Starmer led Labour Party has swept to victory, had a clear majority to form the next government. Starmer speaking on the ability in the just accomplished electoral stated...

Department for Work and Pensions (DWP) has announced that almost 78% of new Pension Credit claims are now being processed within a target of 50 working days from the date...

The government’s Household Support Fund is giving out £100 cost of living payment for thousands of households to help pay for necessary expenses. Thousands of Households Can Access £100 Cost...

Recent data from a national charity reveals that nearly 4.4 million people in Britain are currently living with diabetes. Additionally, an estimated 1.2 million individuals may have Type 2 diabetes...

One recent study found that half of all Universal Credit recipients lose some of their payments due to automatic deductions implemented by the Department for Work and Pensions (DWP). Claimants...

Temperatures are set to fall significantly across the UK over the next few days, with the weather forecast indicating a brief period of snowfall in some areas before the summer...