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UK wage growth deceleration: BoE faces dilemma amid persistent inflationary pressures

The pace of wage growth for UK workers eased in the three months leading up to the end of May but remained at levels...

UK faces fiscal tightrope: IMF urges reforms amid high debt

The International Monetary Fund (IMF) has warned that the United Kingdom, under its new Labour government, faces tough decisions due to high public debt.In...

Global stocks hit record highs amid UK election results

Global stocks continue their bull run on Friday amid Labour's landslide victory in the UK. The optimism is further fuelled by anticipation of US...

UK shop price inflation weakest since 2021 ahead of elections

UK retailers feel the pinch as the country heads for the upcoming election. Prices rose at the slowest pace in almost three years month,...

Payment issues that affected major banks in UK are fixed

Major banks in the United Kingdom (UK) including HSBC, Nationwide, and Barclays suffered outages to their online banking services on Friday (June 28). Thousands of customers were hit...

UK economy exits recession faster than expected, faces election challenges

Britain's economy bounced back from recession faster than initially reported in the first quarter of this year, according to revised data from the Office...

Affordable housing, a utopian dream in the UK

The UK housing market is in no way welcoming to first-time buyers, as the price of houses increases by 1.1 per cent in the...

UK leads Europe and Israel in generative AI startup landscape

According to a study undertaken by venture capital firm Accel, the United Kingdom has the most generative artificial intelligence (GenAI) startup companies in Europe...

Post-Brexit border arrangements expected to cost UK taxpayers $6 billion

The post-Brexit border checks are expected to cost taxpayers in the United Kingdom at least $6 billion after repeated delays in setting new rules,...

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