On Friday 8th May, news emerged of Prime Minister David Cameron winning Britain's election, confounding poll predictions that the vote would be the closest in decades to sweep into office for another five years with a clear majority and his...
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29th Nov 2024 | Updated at 10:44pm 29th Nov 2024
Bank of England cut growth forecast
- 17 Aug 2017
Brexit negotiations initially got off to a shaky start as it seemed that British cabinet ministers were unable to reach an agreement on the best course of actions and the government also seemed at war with itself over the divorce terms.
Brexit deal in tatters
- 06 Dec 2017
The ongoing and tense negotiations have led to a broad agreement by the UK to a gross financial settlement of £89bn on leaving the bloc, although the British expect the final net bill to be half as much. The news brings the two sides close to agreement on a key obstacle to opening talks on a future free trade pact.
Interest rate cut reversed
- 09 Nov 2017
Sterling surges 2% against the Dollar
- 02 May 2017
Pound rebound since Brexit vote
- 07 Mar 2017
Britain's economy slowed sharply in the first three months of 2015, gross domestic product grew by 0.3 percent in the January-March period, the slowest quarterly rate since the end of 2012.
- 28 Apr 2015
The monetary policy committee announced a unanimous decision to keep interest rates unchanged at 0.5%. The key announcement was all of the members deciding that the next interest rate adjustment would be to the upside, eliminating concerns over...
Greece's biggest creditor Germany said that the euro zone would give Athens no further financial aid until it has a more detailed list of reforms and some are enacted into law, adding to scepticism over plans presented by Greece last week. Chancellor...
British retail sales rose at the fastest pace in three months in February, beating expectations and suggesting Britain's consumer-led economic recovery remains strong ahead of national elections in May. Retail sales rose 0.7 percent last month,...
It appears UK borrowers are more vulnerable to an interest rate rise than ever before after new figures showed unsecured household borrowing hit an all-time high last year. Unsecured debt rose nine per cent in 2014 to a record £239bn, or £9,000...
In Europe last week the Dutch finance minister acknowledged Greece was under pressure to find the cash to pay upcoming debt commitments. However the new left-wing Greek government is keen to show voters it is keeping election promises to break...
Growth in Britain's manufacturing sector hit a seven-month high according to data released. The UK manufacturing PMI rose to 54.1 in February up from 53.1 in January, suggesting economic conditions picked up last month. One note of caution,...
UK retail sales fell 0.3% in January from the previous month, according to figures from the Office for National Statistics. The decline in sales follows a 0.2% rise in December 2014. The January figure was a 5.4% rise on a year earlier. UK High...
The UK unemployment rate hit 5.7% which is a new six year low, showing the labour market in the UK is healthy and more jobs are being filled. Average earnings, excluding bonuses also rose by 1.7% year-on-year in the last 3 months of 2014. Earnings...
