uk-economy
Top StoriesBritain’s Energy Price Cap to Rise 1% in January, Forecasts Cornwall Insight
Top StoriesUK Retail Industry Plays Down Threat to Food Supplies From Possible Farmer Strikes
InvestingSterling Finds Footing After Hitting Six-Month Low on Trump Victory
Top StoriesUK to Put Sudan Resolution to Vote by UN Security Council
Asking Prices for UK Homes Show Big November Dip but 2025 Set for Gains, Rightmove Says
Date: November 18, 2024
(Reuters) – Asking prices for British homes fell over the last month by more than is usual for the time of year, online property portal Rightmove said on Monday, although it forecast a new upswing in the market for 2025, its monthly report showed on Monday. Prices fell by 1.4% over the four weeks to...
While Farmers Protest, UK’s Starmer Says Will Defend Budget ‘all Day Long’
Date: November 17, 2024
LONDON (Reuters) -British Prime Minister Keir Starmer said on Saturday he would defend decisions taken in his Labour government’s first budget “all day long”, while farmers protested over changes to inheritance tax. Addressing a Welsh Labour Conference in Llandudno, north Wales, Starmer did not refer directly to the farmers’ complaints, but he said he stood...
FTSE 100 Slips as Pharma Stocks Weigh
Date: November 16, 2024
(Reuters) -The main UK stock indexes slipped on Friday, with losses in AstraZeneca and GSK weighing on the blue-chip FTSE 100, while data showed Britain’s economy contracted unexpectedly in September. Shares of drugmakers AstraZeneca dropped 3.1% and GSK dipped 3.9%, tracking losses in U.S. and European vaccine makers after U.S. President-elect Donald Trump said he...
Analysis-UK Inflation Worries Tick up After Big-Spending Budget and Trump Win
Date: November 16, 2024
By William Schomberg LONDON (Reuters) – Just when Britain seemed to be moving beyond its inflation problem, the new government’s spending splurge and the risk of a global trade war triggered by U.S. President-elect Donald Trump’s tariff plan are threatening to extend it. British inflation peaked above 11% two years ago after the outbreak of...
Sterling Heads for Worst Weekly Performance Since January
Date: November 16, 2024
By Amanda Cooper LONDON (Reuters) – The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from investors’ conviction that Donald Trump’s policies will drive up U.S. growth and inflation. Britain’s economy contracted unexpectedly in September and...
UK Economy Contracts in September in Blow to Reeves’ Growth Push
Date: November 15, 2024
By Andy Bruce (Reuters) -Britain’s economy contracted unexpectedly in September and growth slowed to a crawl over the third quarter, data showed on Friday, an early set back for finance minister Rachel Reeves’ ambitions to kick-start a sustained pickup. Gross domestic product slipped by 0.1% in monthly terms during September as the services sector flat-lined,...