uk-economy
Top StoriesUK Online Sales to Grow 2.7% in Christmas Shopping Season -Adobe Report
Top StoriesLondon Stocks Flat as Life Insurance Losses Offset Retailers’ Gains
Top StoriesUK’s M&s Cautious on 2024 Outlook After First-Half Profit Beats Expectations
Top StoriesBank of England Central Counterparty Stress Tests Confirm Resilience
With Crime in Focus, UK’s Sunak Sets Out Pre-Election Agenda in King’s Speech
Date: November 7, 2023
With crime in focus, UK’s Sunak sets out pre-election agenda in King’s Speech By Elizabeth Piper and Andrew MacAskill LONDON (Reuters) -Britain’s government set out its plans to tackle crime, boost growth and water down climate change measures on Tuesday, an unashamedly political agenda that could be Prime Minister Rishi Sunak’s first and last King’s...
UK Government to Focus on Curbing Inflation, Not Boosting Spending – King’s Speech
Date: November 7, 2023
UK government to focus on curbing inflation, not boosting spending – King’s Speech LONDON (Reuters) -The British government will take responsible decisions on spending and borrowing in order to help bring down the level of inflation, King Charles said on Tuesday, suggesting those in the governing party hoping for tax cuts soon could be disappointed....
Sterling Falls Versus Dollar, Focus on Economic Data, BoE
Date: November 7, 2023
Sterling falls versus dollar, focus on economic data, BoE By Stefano Rebaudo (Reuters) – Sterling dropped against a strengthening U.S. dollar on Tuesday, with investors closely watching economic data and market bets on the Bank of England’s future moves. Higher yields and a strong economy usually increase demand for the nation’s currency. The pound rose...
Sterling Rises After Best Week in a Year as Dollar Slide Continues
Date: November 7, 2023
Sterling rises after best week in a year as dollar slide continues By Harry Robertson LONDON (Reuters) – The pound rose on Monday, extending the previous week’s rally, as a slide in U.S. bond yields continued to weigh on the dollar. Sterling was last up 0.23% at $1.2409, trading at its highest in more than...
Britons’ Cost-Of-Living Crisis Habits Will Endure, Says Sainsbury’s Boss
Date: November 2, 2023
Britons’ cost-of-living crisis habits will endure, says Sainsbury’s boss By James Davey LONDON (Reuters) – Changes to British consumers’ behaviour that emerged during the ongoing cost-of-living crisis, such as more eating at home and increased purchases of own-brand and frozen products, are here to stay, the boss of supermarket Sainsbury’s said on Thursday. “Just as...
Bank of England Keeps Rates at 15-year High, Rules Out Quick Cuts to Help Economy
Date: November 2, 2023
Bank of England keeps rates at 15-year high, rules out quick cuts to help economy By William Schomberg and Andy Bruce LONDON (Reuters) – The Bank of England held interest rates at a 15-year peak on Thursday and said it did not expect to cut them any time soon as it fights to “squeeze out...