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Bank of England

Nato summit, mending EU relations among first tasks for new UK PM Starmer

Starmer is set to make a high-profile international debut next week, when he is expected to attend Nato's 75th-anniversary summit in Washington. (Photo: Reuters)5...

UK economic recovery was faster than first estimated in early 2024

The UK economy grew at a faster pace than initially estimated, in the first three months...

French election poses threat to Britain’s economy, Bank of England warns

The Bank’s Financial Policy Committee, headed by Andrew Bailey, the Governor, particularly...

Despite 20% lesser jobs on offer, starting pay in UK up 6.5% on year in May

A large number of people who have dropped out of Britain's job market. (Photo: Bloomberg)2 min read Last Updated : Jun 27 2024...

British business owners see high interest rates as a threat

More than half of British business owners see high interest rates as a threat to their business, new research has found.New research from Charles...

UK public debt rises to highest since 1961 as election nears

British public debt rose last month to its highest as a share of the economy since 1961, official figures showed on Friday, adding to...

As election looms, BoE set to sit tight on UK rate

The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's...

UK inflation falls to Bank of England’s 2% target rate for first time in nearly 3 years

Inflation in the U.K. returned to the Bank of England's target rate of 2% for the first time in nearly three years, official figures...

Fury as Bank of England spends £8million to allow office staff to work from home

THE Bank of England has spent more than £8million on tech so staff can work from home.Bosses blasted for poor economic forecasting have splashed...

UK economy flatlines in April in blow to Conservatives ahead of elections

While Treasury chief Jeremy Hunt insisted the economy is turning a corner, his opposite number in the Labour Party Rachel Reeves said the economy...

Why Britain’s biggest problem keeps breaking records

This is particularly worrying for economic growth. Almost all of the economy’s...

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