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Economy

UK jobs market sees worst month in more than a decade

The strength of the UK's jobs market fell for the 14th month in a row in August, according to accountant BDO.

Economy

UK house prices edge up in June, despite higher mortgage rates

British house prices showed a small gain in June from May but the impact of higher borrowing costs is still weighing on the property market, mortgage lender Nationwide says.

Economy

UK economic recovery was faster than first estimated in early 2024

The UK economy grew at a faster pace than initially estimated, in the first three months of 2024, as the country emerged from recession, revised official figures show.

Economy

UK retail sales boosted by better weather after April's heavy showers

Britain's changeable weather made a huge difference for shop sales in May as consumers ventured out again with the appearance of blue skies and a more hopeful meteorological outlook.

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Economy

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.

Economy

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.

United Kingdom

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.

Economy

Modest growth for UK economy after dip into recession

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

Economy

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

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

Economy

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.

Work

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.

Economy

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.

Economy

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.

Economy

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

Business

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.

Economy

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.

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.

Economy

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.

Economy

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.

Economy

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.