uk-economy
Top StoriesFactory Slump and Cost-Of-Living Squeeze Puts UK Economy on Course to Shrink
Top StoriesBritain’s Ocado Retail and Sainsbury’s Cut Prices Again
Top StoriesUK Pay Deals Cool for First Time in 2023, Easing Pressure on BoE: XpertHR
Top StoriesUK Stocks at 6-week Low as Crest Nicholson Leads Rout Among Housebuilders
British Consumers Curb Their Shopping in Rainy July
Date: August 18, 2023
British consumers curb their shopping in rainy July By William Schomberg and William James LONDON (Reuters) -British retailers reported a bigger-than-expected drop in sales in July as heavy rain put off shoppers who are also feeling the hit from high inflation and 14 back-to-back increases in interest rates. Official data showed sales volumes last month...
PayPal to Halt UK Crypto Sales Until 2024
Date: August 17, 2023
PayPal to halt UK crypto sales until 2024 By Elizabeth Howcroft LONDON (Reuters) – Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s financial regulator is due to bring in tougher rules to limit how crypto...
UK House Prices Rise by Least Since 2020 and Fall in London – Ons
Date: August 16, 2023
UK house prices rise by least since 2020 and fall in London – ONS LONDON (Reuters) – British house prices increased by 1.7% in the 12 months to June, the Office for National Statistics (ONS) said on Wednesday, the smallest rise since July 2020. House prices in London fell by 0.6%, the ONS said. Britain’s...
UK Inflation Rate Slows to 6.8% in July
Date: August 16, 2023
UK inflation rate slows to 6.8% in July LONDON (Reuters) – British annual consumer price inflation slowed to 6.8% in July, figures from the Office for National Statistics showed on Wednesday. Economists polled by Reuters had forecast that the CPI rate in the 12 months to July would drop to 6.8% from June’s 7.9%, moving...
Sweden, UK Lead European Shares Lower on Rate-Hike Fears
Date: August 15, 2023
Sweden, UK lead European shares lower on rate-hike fears By Shashwat Chauhan and Ankika Biswas (Reuters) -UK and Swedish stocks led declines among European peers on Tuesday after data from both countries triggered worries about high interest rates, while China-exposed shares fell as Beijing’s policy support failed to boost investor sentiment. The pan-European STOXX 600...
Sterling Steady Ahead of Data-Heavy Week
Date: August 14, 2023
Sterling steady ahead of data-heavy week LONDON (Reuters) – The pound ticked a fraction higher against the dollar on Monday as traders stayed focused on key data due this week for hints on the Bank of England’s future interest rate hike trajectory. At 1100 GMT, sterling was up 0.07% against the dollar at $1.2706. The...