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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.

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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.

United Kingdom

Bank of England raises key rate to highest level in 13 years

The Bank of England raised its key interest rate to the highest level in 13 years on Thursday.

United Kingdom

UK interest rate hike is 1st in a top economy amid pandemic

The Bank of England raised interest rates in the United Kingdom to combat surging consumer prices, becoming the first central bank among the world’s leading economies to do so since the COVID-19 pandemic began.

Money

The jury is still out on 'Britcoin,' says Bank of England chief

The Bank of England says 'stablecoin' payments need the same regulation as banks as it publishes a new discussion paper on digital currencies.

United Kingdom

UK economy to record best year since 1941, Bank of England says

The Bank of England said that its revised forecast — it previously estimated that the UK economy would grow by 5 per cent this year — was down to the country's fast vaccine rollout which should enable the economy to reopen quicker than initially thought.

Money

Bank of England is looking into launching 'Britcoin'. But what is it?

What would the difference be between Britcoin cryptocurrency on your phone and sterling in your pocket?