Now playing Next Economy Pound moves higher as UK retail sales rise at fastest pace since 2021 January's jump in sales was the biggest since April 2021 and followed a 3.3% fall in December. 16/02/2024
Now playing Next Economy UK enters recession as economy shrinks: Will the BoE cut rates sooner? An economy is widely considered to enter a technical recession following two consecutive quarters of negative economic growth, which is usually measured by GDP. 15/02/2024
Now playing Next Economy UK house prices rise for fourth month running on lower mortgage rates Northern Ireland saw the highest growth within the UK, where house prices increased by about 5.3% annually. 07/02/2024
Now playing Next Economy UK interest rates kept steady despite downward inflation trend The Bank of England has decided to hold interest rates at a 16-year high for the fourth consecutive month, following leads from the Fed and the ECB. 01/02/2024
Now playing Next Business HSBC hit with £57 million fine for not protecting deposits HSBC neglected to adequately protect customer deposits from around 2015 to 2022, leading to the PRA issuing its second largest fine ever. 30/01/2024
Now playing Next Economy UK inflation unexpectedly pulled up by clothes, alcohol and tobacco Clothing and footwear prices, as well as furniture and household goods prices drove UK inflation up in December 2023. 17/01/2024
Now playing Next Economy How much money did the UK government borrow in November? The Office for National Statistics (ONS) said public sector net borrowing stood at £14.3 billion in November, reflecting the fourth-highest November total since monthly records began in 1993. 21/12/2023
Now playing Next Economy UK Christmas miracle: Inflation dips to two-year low in November The latest inflation data signals an easing in the cost of living crisis in the UK. 20/12/2023
Now playing Next Money 'World's first' blockchain payments made at the Bank of England The aim is to set up a series of regulated, blockchain-based "institutional grade" payments systems for other core currencies overseen by their home central banks. 15/12/2023
Now playing Next Economy Pound gains after Bank of England keeps interest rates at 15-year high In a widely expected move, the Bank of England (BoE), has decided to keep interest rates steady as part of its continued quest to bring down inflation. 14/12/2023
Now playing Next Economy Why the UK economy took a surprise tumble in October Euronews Business takes a look at why the UK economy took a surprise tumble in October as the latest Office for National Statistics (ONS) figures are released. 13/12/2023
Now playing Next Economy UK wage growth slows and job vacancies fall ahead of BoE rate decision Ahead of the Bank of England’s interest rate decision on Thursday, new data shows the economy is cooling. 12/12/2023
Now playing Next Markets World's biggest central banks gear up for crucial week for markets Monetary policy decisions from some of the world's biggest central banks will take centre stage this week, against a backdrop of global speculation that they are finished with lifting key interest rates. 11/12/2023
Now playing Next Economy Manufacturing sector improves but UK economy not out of the woods yet The latest set of economic data from the UK has come in strong for November indicating that there may be hope for the British economy after all. 23/11/2023
Now playing Next Business All you need to know about the UK's economic plans for 2024 UK Chancellor Jeremy Hunt is set to outline the government’s financial plan for the year ahead. What can we expect? Euronews Business takes a look. 21/11/2023
Now playing Next Markets BoE and US Fed pause key rates in bid to bring down inflation Investors digested the latest monetary policy announcements from the Bank of England and US Federal Reserve with both opting to keep rates unchanged this month. 02/11/2023
Now playing Next Economy UK mortgage approvals fall to lowest in eight months The latest data suggests a further slowdown in the property market due to rising borrowing costs. 30/10/2023
Now playing Next Business Bank of England increases interest rates for 14th time in a row The Bank of England raises interest rates for the fourteenth consecutive time as it warns that the cost of borrowing will remain high. 03/08/2023
Now playing Next United Kingdom Bank of England hikes interest rate again as high inflation persists With UK mortgage holders and renters are especially exposed to effects of rate increases, fears of a 1990s-style housing crash are on the rise 22/06/2023
Now playing Next United Kingdom Ex-Bank of England governor describes handling of Brexit as a shambles King criticised handling of negotiations and said there was no need for the atmosphere around them to be so bad 14/06/2023
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