uk-economy
Top StoriesThames Water Pulled Back From the Brink After Investors Pump in $960 Million
Top StoriesBiden Arrives in Britain to Meet King Charles, PM Sunak
Top StoriesUK House Prices Post Biggest Annual Drop Since 2011: Halifax
Top StoriesUK Shares Fall as Fears Over Global Demand, China Weakness Sap Mood
UK Refutes Claims It Is Dropping $14.76 Billion Climate Pledge
Date: July 5, 2023
UK refutes claims it is dropping $14.76 billion climate pledge (Reuters) -The British government said on Tuesday that claims it was dropping its International Climate Finance pledge are false, after the Guardian reported the country was planning to drop its flagship 11.6 billion pound ($14.76 billion) climate funding pledge. “The Government remains committed to spending...
Sainsbury’s Says UK Food Inflation Falling as Sales Rise
Date: July 4, 2023
Sainsbury’s says UK food inflation falling as sales rise By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation was starting to fall as a return to volume growth helped power a 9.8% rise in quarterly underlying sales. The group, which has a 15% share of Britain’s grocery market,...
UK Banks Asked by Lawmakers if They’re ‘exploiting’ Savers With Low Rates
Date: July 3, 2023
UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates By Iain Withers LONDON (Reuters) -British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the latest intervention by parliament’s influential Treasury Select Committee. The committee said it had written to the country’s “Big Four” banks...
UK Year-Ahead Inflation Expectations Rise to 5%: Citi/YouGov
Date: July 3, 2023
UK year-ahead inflation expectations rise to 5%: Citi/YouGov LONDON (Reuters) -The British public’s expectations for inflation over the coming year rose in June but long-run expectations eased, according to a survey that will feed into the Bank of England’s next debate about how high it needs to raise interest rates. Public expectations for inflation in...
UK Car Output Jumps 27% in May From Year Earlier on Steady Ev Demand
Date: June 30, 2023
UK car output jumps 27% in May from year earlier on steady EV demand (Reuters) – Britain’s car production rose for a fourth straight month in May, driven by higher demand for electric vehicles, according to an industry body. The Society of Motor Manufacturers and Traders (SMMT) said on Friday a total of 79,046 cars...
Britain’s Ocado Follows Rivals in Cutting Some Prices
Date: June 29, 2023
Britain’s Ocado follows rivals in cutting some prices By James Davey LONDON (Reuters) – British online supermarket Ocado Retail has followed rivals by cutting prices of some essential items, adding to hopes a surge in food inflation will moderate this year and provide relief to consumers battered by a cost of living crisis. Stubbornly high...