uk-economy
Top StoriesOne in Seven Britons Faced Hunger in 2022, Says Food Bank Charity
Top StoriesBritain Says Celsa Steel Has Repaid Emergency Covid Loan, Created 300 Jobs
Top StoriesUK’s Sainsbury’s Cuts More Prices, Adding to Signs of Abating Inflation
Top StoriesAb Foods Raises Profit Outlook as Primark Gets Summer Boost
European Shares Set for Worst Week in Three Months, Siemens Energy Plunges
Date: June 23, 2023
European shares set for worst week in three months, Siemens Energy plunges By Shreyashi Sanyal (Reuters) -European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that interest rates could stay higher for longer, while shares of Siemens Energy plunged as it withdrew its annual profit outlook. The...
UK Consumer Morale Touches 17-month High Despite Inflation Pain – GfK
Date: June 23, 2023
UK consumer morale touches 17-month high despite inflation pain – GfK By Suban Abdulla LONDON (Reuters) – British consumer sentiment hit its highest level since January 2022 as households turn more optimistic about their finance and economy, despite stubborn inflation and rising interest rates, market research firm GfK said on Friday. GfK’s headline confidence index...
Investors Increase Bets on UK Recession as Rate Hikes Bite
Date: June 23, 2023
Investors increase bets on UK recession as rate hikes bite By Naomi Rovnick and Harry Robertson LONDON (Reuters) -Markets are doubling down on bets for a UK recession after the Bank of England delivered an outsized rate hike on Thursday, steering investors away from sterling and back into battered government bonds. The BoE hiked by...
Britain Says Insurer Capital Rule Changes to Start by End of 2023
Date: June 22, 2023
Britain says insurer capital rule changes to start by end of 2023 By Huw Jones LONDON (Reuters) -Britain’s finance ministry said on Thursday that the first batch of post-Brexit reforms to ‘Solvency II’ capital rules for insurers, which it hopes will unlock billions of pounds to boost growth, will be implemented by the end of...
UK Manufacturers See Lowest Inflation Since Feb 2021 – Cbi
Date: June 21, 2023
UK manufacturers see lowest inflation since Feb 2021 – CBI LONDON (Reuters) – British manufacturers expect to raise prices by the smallest amount since February 2021 over the next three months although price increases will still be much faster than their long-run average, a survey showed on Wednesday. The Confederation of British Industry (CBI) said...
UK’s Berkeley Forecasts 20% Drop in House Sales as Interest Rates Rises Weigh
Date: June 21, 2023
UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh By Suban Abdulla and Aby Jose Koilparambil (Reuters) -British high-end housebuilder Berkeley on Wednesday forecast a 20% drop in sales for the fiscal year that began on May 1, as demand suffers from rising interest rates and tough trading conditions due to...