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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.

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.

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.

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.

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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

Money

Why is inflation higher in the UK than in the EU?

As the Bank of England hikes interest rates to keep prices in check, the UK's inflation rate remains worse than the EU's. Here's why.

World News

The UK starts production of new King Charles banknotes

The new UK £10 banknotes featuring the portrait of King Charles III have begun production.

United Kingdom

First banknotes featuring King Charles III are unveiled

The new £5, £10, £20 and £50 notes will enter into circulation from mid-2024 and gradually replace those featuring Charles' mother, the late Queen Elizabeth II.

United Kingdom

Highest interest rates rise since 1989 despite 'looming recession'

UK finance minister Jeremy Hunt said Thursday's 0.75% hike by the Bank of England would be "very tough" for families with mortgages and businesses with loans.

United Kingdom

Big interest rate hike in UK as Bank of England predicts recession

The country's central bank also announced the biggest interest rate hike in over 27 years in an attempt to curb the economic fallout caused by the war in Ukraine.