uk-economy
Top StoriesNo Money? Next UK Government’s Budget Is Hostage to Economy
Top StoriesSterling Steady but Set for 5% Rally in 2023
Top StoriesUK Recession Might Be Under Way After Economy Shrinks in Q3
Top StoriesSterling Steady as Traders Mull Deficit, Cooling Inflation
Big UK Inflation Drop Bolsters Bets on Bank of England Cuts Early Next Year
Date: December 20, 2023
Big UK inflation drop bolsters bets on Bank of England cuts early next year By Andy Bruce and David Milliken LONDON (Reuters) -British inflation plunged in November to its lowest rate in over two years, prompting investors to pile further into bets that the Bank of England will cut interest rates in the first half...
UK’s FTSE 100 Touches Near 7-month High as BoE Rate Cut Bets Gain Traction
Date: December 20, 2023
UK’s FTSE 100 touches near 7-month high as BoE rate cut bets gain traction By Shashwat Chauhan (Reuters) -British equities jumped on Wednesday as investors cheered a surprise drop in domestic inflation, which spurred hopes that the Bank of England (BoE) could consider interest rate cuts early next year. The blue-chip FTSE 100 advanced 0.9%...
UK to Implement Carbon Levy on Imported Goods by 2027
Date: December 18, 2023
UK to implement carbon levy on imported goods by 2027 By Kylie MacLellan LONDON (Reuters) -Britain said on Monday it would implement a new import carbon pricing mechanism by 2027, with goods imported from countries with a lower or no carbon price having to pay a levy as part of decarbonisation efforts. The government said...
Instant View: BoE Keeps Interest Rates at 15-year High, Says Rates to Stay High
Date: December 14, 2023
Instant view: BoE keeps interest rates at 15-year high, says rates to stay high LONDON (Reuters) – The Bank of England kept its key interest rate at a 15-year high of 5.25% on Thursday and said British interest rates needed to stay high for ‘an extended period.’ That prompted a retracement higher in government bond...
Investors Add to Bets on Bank of England Rate Cuts in 2024
Date: December 14, 2023
Investors add to bets on Bank of England rate cuts in 2024 LONDON (Reuters) -Investors were almost fully pricing in five quarter-point interest rate cuts by the Bank of England during 2024, a day after the U.S. Federal Reserve signalled it was moving towards cutting borrowing costs. The BoE, which is expected to announce it...
UK’s Hot Labour Market Shows Sign of Cooling: Indeed Data
Date: December 7, 2023
UK’s hot labour market shows sign of cooling: Indeed data By David Milliken LONDON (Reuters) – Britain’s labour market remains tight, despite a fall in job postings by employers over the course of 2023 and broader weakness in the economy, figures from recruitment platform Indeed showed on Thursday. At the start of December last year,...