UK economy News

Barclays Reports Stellar Q1 Performance with 11% Income Surge to £7.7 Billion

Barclays PLC announced an 11% rise in Q1 total income to £7.7 billion, with profits before and after tax increasing by 19% and 16% respectively. The bank's strong performance is at...

BoE's Megan Greene Expresses Uncertainty Over Future US Tariffs and UK Economic Challenges

Bank of England's Megan Greene discusses the uncertainty of future US tariffs, UK economic challenges, and potential trade diversions from China, highlighting concerns over supply ...

Uncertainty Looms: BoE's Megan Greene on Future US Tariffs and UK Economic Challenges

Bank of England's Megan Greene discusses the uncertainty surrounding future US tariffs and the challenges facing the UK economy, including debates over demand vs. supply weaknesses...

BoE's Greene Expresses Uncertainty Over Future US Tariffs and UK Economic Challenges

Bank of England's Megan Greene discusses the uncertainty of future US tariffs and the challenges facing the UK economy, including supply issues and weak productivity growth. She al...

Uncertainty Looms: BoE's Greene on Future US Tariffs and UK Economic Challenges

Megan Greene of the Bank of England discusses the uncertainty surrounding future US tariffs and the challenges facing the UK economy, including supply issues and weak productivity ...

Uncertainty Looms as BoE's Megan Greene Questions Future US Tariffs Impact on UK Economy

Bank of England's Megan Greene voices uncertainty over future US tariffs and their impact on the UK economy, highlighting concerns over supply issues, productivity growth, and pote...

BlackRock's CEO Larry Fink Expresses Renewed Confidence in UK Economy Under Starmer's Leadership

Larry Fink, CEO of BlackRock, expresses increased confidence in the UK economy under Prime Minister Keir Starmer, leading to billions in investments. Attractive asset discounts and...

BoE's Andrew Bailey Addresses Growth Shock Concerns Amid US Tariffs, Rules Out UK Recession Fears

Bank of England Governor Andrew Bailey discusses the impact of US tariffs on UK growth, emphasizing no immediate recession risk. The BoE weighs growth shocks against inflationary p...

BoE's Bailey Warns of Growth Shock from US Tariffs, Says UK Far from Recession

Bank of England Governor Andrew Bailey discusses the potential growth shock from US tariffs but reassures that the UK is not close to a recession, highlighting the need to balance ...

BoE's Andrew Bailey Addresses Growth Shock Concerns Amid US Tariffs, UK Recession Fears

Bank of England Governor Andrew Bailey discusses the potential impact of US tariffs on UK growth, reassuring that the UK is not near a recession. The central bank is carefully cons...

BoE's Governor Bailey Assures UK Economy's Stability Amid US Tariff Concerns

Bank of England Governor Andrew Bailey discusses the potential impact of US tariffs on UK growth, reassuring that the UK is not close to a recession, and outlines the consideration...

Chancellor Rachel Reeves Pledges No Hike in Income Tax, VAT, or National Insurance Amid Economic Challenges

British Chancellor Rachel Reeves reaffirms her commitment to not raise income tax, VAT, or National Insurance, despite economic pressures and a reduced growth forecast for 2025.

Chancellor Rachel Reeves Pledges No Hike in Income Tax, VAT, or National Insurance Amid Economic Challenges

British Chancellor Rachel Reeves commits to not increasing income tax, VAT, or National Insurance, adhering to Labour's pre-election promises. Despite economic challenges and a red...

UK to Welcome First Universal Theme Park in Europe: A Game-Changer for Bedfordshire and Beyond

British Prime Minister Keir Starmer announces a deal with Universal to build Europe's first Universal theme park in Bedfordshire, promising a £50 billion boost to the UK economy an...

UK to Welcome First Universal Theme Park in Europe: A £50 Billion Economic Boost

British Prime Minister Keir Starmer announces a deal with Universal to build Europe's first Universal theme park in Bedfordshire, promising 28,000 jobs and a £50 billion boost to t...

UK to Welcome Europe's First Universal Theme Park: A £50 Billion Boost to Economy

UK Prime Minister Keir Starmer announces a deal with Universal Destinations & Experiences to build Europe's first Universal theme park in Bedfordshire, promising a £50 billion econ...

UK to Welcome First Universal Theme Park in Europe: A Game-Changer for Bedfordshire and Beyond

British Prime Minister Keir Starmer announces a deal with Universal to build Europe's first Universal theme park in Bedfordshire, promising 28,000 jobs and a £50 billion boost to t...

Universal Studios Announces First European Theme Park in UK, Promising Economic Boom and Thousands of Jobs

British Prime Minister Keir Starmer announces a deal with Universal Destinations & Experiences to build Europe's first Universal theme park in Bedfordshire, UK, expected to create ...

UK's Starmer Warns of Future Challenges with New Automotive Tariffs and Trade Wars

British Prime Minister Keir Starmer warns of the significant economic challenges posed by new tariffs on automotive exports and other goods, calling for national unity and urgent a...

UK's Trade Deficit Narrows Significantly to £10.2 Billion in January, Signaling Economic Resilience

The UK's trade deficit has notably decreased to £10.2 billion in January, indicating a possible economic recovery. This article explores the implications of this decline and what i...

Rachel Reeves Stands Firm: Fiscal Rules Are Essential for UK's Economic Stability

Rachel Reeves, the British Chancellor, emphasizes the non-negotiable nature of fiscal rules in ensuring economic stability and public trust, while addressing global economic uncert...

Rachel Reeves Stands Firm: Fiscal Rules Essential for UK's Economic Stability and Public Trust

British Chancellor Rachel Reeves emphasizes the UK government's commitment to fiscal responsibility and public trust, warning of global economic instability and rising borrowing co...

Rachel Reeves Stands Firm: Fiscal Rules Essential for UK's Economic Stability and Public Trust

British Chancellor Rachel Reeves emphasizes the importance of fiscal responsibility and public trust in the UK's economic strategy, highlighting global economic uncertainties and t...

Rachel Reeves Unveils Bold Planning Reforms: A £3.4B Boost to GDP and Public Services by 2030

Chancellor Rachel Reeves introduces planning reforms aimed at boosting the UK's GDP by 0.4% and generating £3.4 billion for public services by 2030, as assessed by the OBR.

Rachel Reeves Declares a Changed World: UK's Bold Steps Towards Economic Revival

Rachel Reeves, UK's Chancellor of the Exchequer, addresses the global changes impacting the UK, announcing significant measures including increased defense spending and economic re...

Bank of England's Bailey Suggests Diminished Risk of Second-Round Inflation Effects Amid Economic Slowdown

Bank of England Governor Andrew Bailey discusses the reduced likelihood of second-round inflation effects due to the UK's economic slowdown, highlighting energy and food prices as ...

Lloyds CEO Predicts Triple Rate Cuts by Bank of England in 2025 Amid Slow Growth

Lloyds Banking Group CEO Charlie Nunn predicts the Bank of England will cut interest rates three times in 2025 to stimulate UK economic growth, citing the country's resilience and ...

UK Economy Shows Slight Improvement with a 0.1% GDP Growth in November

The UK economy experienced a slight 0.1% growth in GDP for November, indicating a potential stabilization and resilience in the face of economic challenges.

Alan Taylor Advocates for Immediate Rate Cuts to Counter UK Economic Slowdown

Alan Taylor, a Bank of England policymaker, calls for swift interest rate cuts to address the UK's economic slowdown, emphasizing the need for a soft landing as inflation cools.

European Markets Dip Ahead of Christmas Break

European stock markets closed mostly lower on Monday in a shortened trading week ahead of Christmas. The UK economy's flat growth in Q3 dampened sentiment. Key indices like FTSE 10...

UK Unemployment Rate Rises to 4.3% in Latest Quarterly Update

The UK unemployment rate has increased to 4.3% in the three months to October, according to recent data from the Office for National Statistics. This rise could indicate potential ...