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British economy

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UK jobs market sees worst month in more than a decade

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UK’s technical recession raises doubts about Sunak’s economic claims

The UK slid into a technical recession at the end of 2023 because of increased inflation and soaring interest rates.

28/03/2024

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Bank of England holds rates steady, inflation set to drop

The Bank of England has held the interest rate at 5.25%, with one dissent by Swati Dhingra advocating for a 0.25% cut. Projections see inflation dipping below the target in Q2 2024.

21/03/2024

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Skilled refugees locked out of UK workforce despite skills shortage

More than one in five senior managers in the United Kingdom believe UK citizens should be given preference for job vacancies, research shows.

20/03/2024

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Modest growth for UK economy after dip into recession

Strong spending in the services sector has seen the UK return to growth.

13/03/2024

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Cash no longer king - how Britain makes a mint from cards

The Treasury is making a mint from Britain's increasingly cash-free society.

11/03/2024

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UK Spring Budget: Chancellor cuts taxes as election looms

Jeremy Hunt, Britain's Chancellor of the Exchequer, has presented the Budget for his economic strategy - here are the key takeaways.

06/03/2024

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UK firms make four-day workweek permanent after world’s biggest trial

A UK study shows work intensity remains lower and job satisfaction is higher during a four-day workweek.

22/02/2024

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UK government borrowing falls: What does it mean for taxes?

Hopes build for a cut in taxes as UK government borrowing drops sharply in December.

23/01/2024

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Brexit: Here is how much it cost for the UK economy

London Mayor Sadiq Khan calls on the UK government to "urgently build a closer relationship with the EU" after a new report reveals how much the UK economy is losing after leaving the EU.

12/01/2024

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UK economy sees rise in November, boosted by services sector

UK gross domestic product figures showed a rise in November, boosted by a strong month in services and production

12/01/2024

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Here's some of the best options for starting a UK pension

Retirement may seem a long way off at the start of your career but it's never too early to start saving for a pension.

02/01/2024

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One step from recession: UK economy shrinks in third quarter

Revised figures show that the British economy performed worse in the last six months than previously expected.

22/12/2023

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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

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Why are UK workers losing thousands of pounds?

Average UK households are £8,300 poorer than their counterparts in countries like France, Germany and the Netherlands, according to a new report by the Resolution Foundation and LSE.

04/12/2023

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All you need to know about the UK's 2024 economic plans

UK Chancellor of the Exchequer Jeremy Hunt has outlined the government’s financial plans for the year ahead in a press conference. Here's the key takeaways.

22/11/2023

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Time to buy a house? UK prices are falling, rents are sky-high

House prices in the UK fell compared to last year, the first time since 2012, according to official data.

15/11/2023

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UK wages rise adding to Bank of England inflation woes

Earnings, excluding bonuses, were 7.7% higher than a year earlier in the period from July to September, official data showed.

14/11/2023

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UK: Is homeownership becoming a privilege for the elite?

A large majority of people aspiring to buy a house in the UK find that homeownership is reserved for the elite, says a new report.

31/10/2023

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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

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It's a wealthy European country, so why is homelessness on the rise?

In new data, it’s been revealed that overall spending on homelessness has increased by 10.5% since 2021/22 and a majority of councils have reported their costs have gone up.

22/10/2023