uk-economy
Top StoriesHome Improvement Retailer Kingfisher Warns on Profit Outlook
Top StoriesUK Consumers Turn Positive About Their Finances, GfK Survey Shows
Top StoriesUK Inflation Fall Paves Way for BoE Rate Cuts Later in 2024
Top StoriesUK’s Labour Opens Door for More Investment Borrowing
Bank of England to Start Cutting in Q3 but Strong Chance of Q2 Move: Reuters Poll
Date: March 14, 2024
Bank of England to start cutting in Q3 but strong chance of Q2 move: Reuters poll By Jonathan Cable LONDON (Reuters) – The Bank of England will start cutting borrowing costs in the third quarter although 40% of economists saw an earlier trim, according to a Reuters poll which showed it was more likely the...
Sterling Steadies as UK Economy Returns to Modest Growth
Date: March 13, 2024
Sterling steadies as UK economy returns to modest growth By Joice Alves LONDON (Reuters) – Sterling steadied on Wednesday, after declines this week, as data showed Britain’s economy had returned to growth in January after entering a shallow recession in the second half of 2023. Gross domestic product (GDP) grew by 0.2% month-on-month – boosted...
1 in 3 Worried About Keeping up With Mortgage Payments in 2024
Date: March 13, 2024
1 In 3 worried about keeping up with mortgage payments in 2024 Tuesday 13 February 2024 Recent findings from The Clifton Private Finance Mortgage Pulse Report 2024 shed light on the UK population’s perceived ability to keep up with their mortgage repayments in 2024, as many come off low fixed rates onto new, significantly higher...
UK Economy May Be Turning From Headwind Into Tailwind for Sterling
Date: March 13, 2024
UK economy may be turning from headwind into tailwind for sterling By Harry Robertson LONDON (Reuters) – UK wage data did its best to pull sterling down from a seven-month peak on Tuesday but the economy is showing enough signs of improvement to persuade investors that the Bank of England will still have to keep...
Britain Considering Measures to Stop Foreign States From Buying Newspapers
Date: March 12, 2024
Britain considering measures to stop foreign states from buying newspapers LONDON (Reuters) – Britain is considering changing the law to stop a foreign state owning a news organisation, government sources said on Tuesday, as it weighs up whether to allow Abu-Dhabi-backed Redbird IMI to buy the Telegraph newspaper. The bid for the politically influential Telegraph...
Primark to Raise UK Store Workers’ Pay by 9.1%
Date: March 11, 2024
Primark to raise UK store workers’ pay by 9.1% LONDON (Reuters) – Clothing retailer Primark said on Monday that around 27,000 staff in Britain would get an average pay increase of 9.1% from April 1, making it the latest retailer to reflect an upcoming rise in the government-mandated minimum wage. Primark is part of Associated...