Economy
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UK facing historic energy shock – BoE’s Bailey
Bank of England Governor Andrew Bailey has warned that the shock to real incomes from rising energy prices will be worse than…
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Good weather leads to rise in UK footfall
UK footfall rose 7.8% week-on-week in the seven days ended 27 March, according to retail experts Springboard, with shops on high streets,…
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US, EU agree increased LNG exports to cut reliance on Russia supply
The US and EU on Friday struck a deal to increase exports of liquefied natural gas (LNG) to the block and cut…
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UK February car production slumps 41% as chip shortages bite
UK February car production fell 41% year on year as computer chip shortages and the closure of a Honda plant in July…
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UK retail sales unexpectedly fall in February
UK retail sales unexpectedly fell in February, with online shopping dropping back below pre-pandemic levels and storms keeping shoppers away, according to…
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UK consumer confidence plunges as prices rocket – GfK
UK consumer sentiment plunged again in March as fears about the soaring cost of living intensified, a survey showed. The overall score…
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Fed’s Evans sees six more rate hikes this year
Federal Reserve Bank of Chicago President Charles Evans said on Thursday that he sees six more 25 basis point rate hikes this…
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UK’s Sunak hints at energy bill help after mini-budget criticism
UK Finance Minister Rishi Sunak’s mini-budget was under fire on Thursday for failing to tackle the cost of living crisis hitting the…
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BoE may delay bank capital move because of Ukraine war
The Bank of England is considering delaying plans to tighten banks’ capital requirements because of concerns created by Russia’s invasion of Ukraine.…
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Retail sales growth slows in March – CBI
UK retail sales growth slowed in March as living costs rose, according to a survey released on Thursday by the Confederation of…
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