UK pay growth slows but remains high for Bank of England Growth in wages for workers in Britain slowed in the three months to the end of May but remained at levels that would normally be … Business • 2 hrs
UK inflation holds at 2% amid underlying price pressures British inflation held at 2% last month, defying forecasts for a slight fall, and underlying price pressures persisted, maintaining uncertainty about the date of the … Business • 17 Jul
UK economy grew by stronger-than-expected 0.7% in Q1 Britain's economy pulled out of recession at a faster pace than previously thought in the first three months of this year, revised official data showed … Business • 28 Jun
Bank of England warns of economic risks from elections Policy uncertainty linked to upcoming elections in France and the US has increased the risk of market volatility and other economic fallout, the Bank of … Business • 27 Jun
Bank of England keeps rates at 5.25% ahead of UK election The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% at its last meeting before July 4's UK election, … Business • 20 Jun
UK inflation returns to target for first time since 2021 British inflation returned to its 2% target in May for the first time in nearly three years, official figures showed today, as the economic effect … Business • 19 Jun
UK house prices return to growth after wobble British house prices rose in May after falling in the previous two months as the property market withstood high borrowing costs, figures from mortgage lender … Business • 31 May
IMF warns Britain against more pre-election tax cuts The International Monetary Fund warned Britain's government today that it was on course to miss its debt target and should not cut taxes before an … Business • 21 May
UK pay grows by more than expected as BoE mulls rate cuts British wages grew by more than expected, according to data published today, but other figures suggested the labour market is losing some of its inflationary … Business • 14 May
Bank of England might consider rate cut during the summer The Bank of England might be able to consider cutting interest rates over the summer although Britain's labour market remains tight by historical standards, the … Business • 14 May
UK exits recession with better-than-expected GDP growth Britain's economic output grew by a stronger-than-expected 0.6% in the three months to March after entering a mild recession in the second half of last … Business • 10 May
Bank of England moves closer to first rate cut since 2020 The Bank of England took another step towards lowering interest rates, as a second official backed a cut and Governor Andrew Bailey said he was … Business • 09 May
UK set for weak growth and highest inflation in G7 - OECD Britain will suffer some of the lowest rates of economic growth and highest inflation among Group of Seven countries this year and next, forecasts from … Business • 02 May
Lloyds Bank eyes house price rally as Q1 profit drops Lloyds Banking Group's pretax profit slid by 28% in the first quarter, as rising costs, peaking interest rates and intensifying competition in the mortgage market … Business • 24 Apr
UK inflation rate slows to 3.2% in March British consumer price inflation slowed by less than expected to a two-and-a-half-year low of 3.2% in annual terms in March, down from a 3.4% increase … Business • 17 Apr
UK wage growth eases as Bank of England mulls rate cut British core wage growth slowed again, posting its weakest rise since the three months to September 2022 but remained strong by historical standards, according to … Business • 16 Apr
Bank of England to reform economic forecasting The Bank of England said today it would implement a "substantial upgrade programme" to improve its economic forecasting, after a probe found it had "deteriorated … Business • 12 Apr
UK growth in February points to exit from recession Britain is on course to exit its shallow recession after economic output grew for a second month in a row in February and January's reading … Business • 12 Apr
UK set to exit recession despite slower services growth The UK economy looks on track to exit recession when official first-quarter growth data is next published, despite a slowdown in services activity last month, … Business • 04 Apr
Data confirms UK economy went into recession last year Official figures confirmed Britain's economy entered a shallow recession last year, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy … Business • 28 Mar
Bank of England keeps UK interest rates at 5.25% Britain's economy is "moving in the right direction" for the Bank of England to start cutting interest rates, Governor Andrew Bailey said today as two … Business • 21 Mar
Concern as credit funds increase borrowing from banks Europe's private credit funds are increasingly borrowing from banks to boost their performance, fuelling concerns about the wider risks posed by this interconnectedness. Business • 14 Mar
UK economy returns to growth at start of 2024 Britain's economy returned to growth at the start of 2024, offering some relief to Prime Minister Rishi Sunak ahead of an election expected this year, … Business • 13 Mar
Marks & Spencer to raise UK store workers' pay by 10% UK clothing and food retailer Marks & Spencer said today it would give around 40,000 store workers a 10.1% pay increase from April 1, a … Business • 27 Feb
BoE's Bailey 'comfortable' that markets expect rate cuts Bank of England Governor Andrew Bailey said today he was comfortable with investors betting on interest rate cuts this year but pointed to signs that … Business • 20 Feb
