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Economy
BoE holds rates steady, sees inflation below target in two years
The Bank of England maintained interest rates at 5.25%, in a split decision with two members dissenting. Governor Andrew Bailey indicated it's premature to reduce rates. New forecasts project that price pressures will fall below the target within two years.
Business
Migration to UK has failed to boost economic growth, warns report
According to a new study from the Centre for Policy Studies, migration to the UK is putting pressure on housing, public services and infrastructure. However, other countries take a different stance, with some viewing migration as beneficial for their economies.
Business
BP's billion-dollar share buyback plan stays despite net profits fall
BP's net profit for the first quarter saw a further decline owing to weakened oil and gas prices. Despite this, the oil giant has reaffirmed its commitment to the share buyback plan of $3.5 billion in the first half of the year.
