Economy
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Citi sees UK inflation hitting 18% peak in January
Economists at Citi raised their forecasts for the peak in UK inflation to 18% in the wake of the additional 25% rally…
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China cuts key rates to boost flagging economy
China’s central bank on Monday cut benchmark loan rates as it tried to boost sluggish economic activity, held back by continuing Covid…
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UK public sector net borrowing jumps in July on higher debt servicing costs
Britain’s public sector borrowed more than expected last month amid increased costs for servicing its debt and rising social assistance payments. According…
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FCA warns buy-now-pay-later firms to get their promotions in order
The Financial Conduct Authority warned buy-now-pay-later firms that its products needed to comply with financial promotion rules on Friday, even though some…
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UK consumer confidence falls to record low in August – GfK
UK consumer confidence fell to a fresh record low in August amid surging inflation, according to a survey released on Friday. GfK’s…
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UK retail sales unexpectedly rise in July
UK retail sales unexpectedly rose in July, boosted by online shopping, according to figures released on Friday by the Office for National…
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UK consumer confidence holds at 40-year low in August, GfK says
UK consumer confidence held at a 40-year low as Britons’ views on the economy over the past year soured a bit more,…
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UK inflation hits 10.1% in July as food, energy prices surge
UK inflation hit a fresh 40-year high in July and surpassed analysts’ expectations as food and energy prices jumped, according to data…
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Asking prices for homes fall in line with seasonal norms
The average price of property coming to market in the UK has dropped for the first time this year, according to fresh…
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UK house prices fall in July for the first time in a year – Halifax
UK house prices fell in July for the first time in a year amid rising interest rates and surging inflation, according to…
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