uk-economy
Top StoriesSterling Set for Fifth Daily Rise Ahead of UK Election
Top StoriesUK’s Sainsbury’s Sales up 3%, Poor Weather Dents Non-Food Demand
Top StoriesUK’s Sainsbury’s Says Weak Non-Food Weighs on Quarterly Sales Growth
Top StoriesUK Retailer Halfords Posts Lower Annual Profit
UK Retail Sales Go Into Reverse This Month, Cbi Survey Shows
Date: June 26, 2024
UK retail sales go into reverse this month, CBI survey shows (Reuters) -British retail sales softened this month after a recovery in May, and stores expect another drop next month, an industry survey showed on Wednesday. The Confederation of British Industry’s monthly retail sales balance, which measures volumes compared with a year ago, fell to...
Analysis-Consumer-focused Lending Under Labour Could Dent UK Bank Profits
Date: June 21, 2024
Analysis-Consumer-focused lending under Labour could dent UK bank profits By Sinead Cruise and Lawrence White LONDON (Reuters) – Once seen as hostile to banks, Britain’s Labour has courted lenders in recent years as it attempts to gain power, yet some of the left-leaning party’s policies are still expected to hit the sector’s profits if it...
Analysis-UK Markets Jolted Back to Life by Rate Cut Hopes, Election Buzz
Date: June 20, 2024
Analysis-UK markets jolted back to life by rate cut hopes, election buzz By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Traders upped bets for a Bank of England rate cut in August, helping to underpin a pre-election rally for UK stocks and government bonds even though the central bank left rates on hold at...
Morning Bid: Bailey Likely to Bail on Rate Change
Date: June 20, 2024
Morning Bid: Bailey likely to bail on rate change A look at the day ahead in European and global markets from Ankur Banerjee British inflation may have returned to its 2% target for the first time in nearly three years, setting the stage for the Bank of England to cut interest rates – just not...
UK Election Pledges Fall Short of $48 Billion Health Funding Gap, Think Tank Says
Date: June 20, 2024
UK election pledges fall short of $48 billion health funding gap, think tank says LONDON (Reuters) – Election pledges by Britain’s governing Conservatives and the opposition Labour Party do not set out how they plan to meet a 38 billion pound ($48 billion) funding shortfall in the National Health Service (NHS) in England, a report...
UK Inflation Back to 2% Target for First Time Since 2021
Date: June 19, 2024
UK inflation back to 2% target for first time since 2021 By David Milliken and Suban Abdulla LONDON (Reuters) -British inflation returned to its 2% target in May for the first time in nearly three years, data showed on Wednesday, but underlying price pressures remained strong, meaning the Bank of England is likely to wait...