UK wage growth cools slightly but stays close to record British wages grew slightly less fast in the three months to September but remained close to their record pace, according to official data that will do little to ease the Bank of England's concerns about inflation pressures. Business • 14 Nov 23
UK wage growth cools slightly but stays close to record British wages grew slightly less fast in the three months to September but remained close to their record pace, according to official data that will do little to ease the Bank of England's concerns about inflation pressures. Business • 14 Nov 23
UK economy fails to grow in third quarter - ONS Britain's stagnating economy failed to grow in the three months from July to September but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed today. Business • 10 Nov 23
UK economy fails to grow in third quarter - ONS Britain's stagnating economy failed to grow in the three months from July to September but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed today. Business • 10 Nov 23
Far too early for talk of interest rate cuts - Makhlouf The Governor of the Central Bank Gabriel Makhlouf has said the economy and financial system "is still adjusting to the change in interest rates by central banks." Business • 08 Nov 23
Far too early for talk of interest rate cuts - Makhlouf The Governor of the Central Bank Gabriel Makhlouf has said the economy and financial system "is still adjusting to the change in interest rates by central banks." Business • 08 Nov 23
Traders bet ECB first big central bank to cut rates Financial markets are ramping up expectations for interest rate cuts from the European Central Bank, betting it will be the first major central bank to ease policy to buffer a euro zone economy facing recession in contrast to a robust US. Business • 03 Nov 23
Traders bet ECB first big central bank to cut rates Financial markets are ramping up expectations for interest rate cuts from the European Central Bank, betting it will be the first major central bank to ease policy to buffer a euro zone economy facing recession in contrast to a robust US. Business • 03 Nov 23
Bank of England keep UK interest rates at 15-year high The Bank of England held interest rates at a 15-year peak today as it kept up its fight against the highest inflation among the world's big rich economies, and it stressed that it did not expect to cut them any time soon. Business • 02 Nov 23
Bank of England keep UK interest rates at 15-year high The Bank of England held interest rates at a 15-year peak today as it kept up its fight against the highest inflation among the world's big rich economies, and it stressed that it did not expect to cut them any time soon. Business • 02 Nov 23
Lack of homes for sale gives UK prices surprise boost British house prices unexpectedly rose by almost 1% in October but the increase was due more to a lack of homes for sale than a turnaround in the market which has been hit by a jump in borrowing costs, mortgage lender Nationwide said. Business • 01 Nov 23
Lack of homes for sale gives UK prices surprise boost British house prices unexpectedly rose by almost 1% in October but the increase was due more to a lack of homes for sale than a turnaround in the market which has been hit by a jump in borrowing costs, mortgage lender Nationwide said. Business • 01 Nov 23
UK factories struggle in October in new downturn sign UK factories suffered a worse October than previously thought, according to a survey published a day before the Bank of England is expected to restate its intent to keep interest rates high, despite widespread signs of an economic slowdown. Business • 01 Nov 23
UK factories struggle in October in new downturn sign UK factories suffered a worse October than previously thought, according to a survey published a day before the Bank of England is expected to restate its intent to keep interest rates high, despite widespread signs of an economic slowdown. Business • 01 Nov 23
UK inflation rate holds at 6.7% in September British annual consumer price inflation was unchanged at 6.7% in September holding at August's 18-month low, official data showed today. Business • 18 Oct 23
UK inflation rate holds at 6.7% in September British annual consumer price inflation was unchanged at 6.7% in September holding at August's 18-month low, official data showed today. Business • 18 Oct 23
UK regular pay grows 7.8% in three months to August British average earnings, excluding bonuses, were 7.8% higher than a year earlier during the three months to the end of August, the Office for National Statistics said today. Business • 17 Oct 23
UK regular pay grows 7.8% in three months to August British average earnings, excluding bonuses, were 7.8% higher than a year earlier during the three months to the end of August, the Office for National Statistics said today. Business • 17 Oct 23
Sluggish UK economy grows by 0.2% in August - ONS The UK economy partially recovered in August after a sharp drop in July but the bigger picture remained one of only sluggish growth after last year's surge in inflation and 14 back-to-back interest rate hikes by the Bank of England. Business • 12 Oct 23
Sluggish UK economy grows by 0.2% in August - ONS The UK economy partially recovered in August after a sharp drop in July but the bigger picture remained one of only sluggish growth after last year's surge in inflation and 14 back-to-back interest rate hikes by the Bank of England. Business • 12 Oct 23
UK set to have weakest growth among G7 in 2024 - IMF Britain is set to have the slowest-growing economy among the Group of Seven nations next year - when the country is likely to choose a new government - according to forecasts published by the International Monetary Fund today. Business • 10 Oct 23
UK set to have weakest growth among G7 in 2024 - IMF Britain is set to have the slowest-growing economy among the Group of Seven nations next year - when the country is likely to choose a new government - according to forecasts published by the International Monetary Fund today. Business • 10 Oct 23
UK factory activity slows sharply in September - PMI British manufacturing activity slowed sharply in September, though less steeply than the month before when it shrank at the fastest rate in more than three years, a survey showed today. Business • 02 Oct 23
UK factory activity slows sharply in September - PMI British manufacturing activity slowed sharply in September, though less steeply than the month before when it shrank at the fastest rate in more than three years, a survey showed today. Business • 02 Oct 23
UK recession risk deepens as companies falter - PMI British companies endured a much tougher September than feared, marked by growing unemployment and recession risks, according to a survey today. Business • 22 Sep 23
UK recession risk deepens as companies falter - PMI British companies endured a much tougher September than feared, marked by growing unemployment and recession risks, according to a survey today. Business • 22 Sep 23
Bank of England halts run of interest rate hikes The Bank of England halted its long run of interest rate increases today as the British economy slowed, but it said it was not taking a recent fall in inflation for granted. Business • 21 Sep 23
Bank of England halts run of interest rate hikes The Bank of England halted its long run of interest rate increases today as the British economy slowed, but it said it was not taking a recent fall in inflation for granted. Business • 21 Sep 23
UK inflation rate unexpectedly falls to 6.7% in August British annual consumer price inflation (CPI) unexpectedly fell to 6.7% in August, official data showed today, a day before the Bank of England is expected to raise rates again. Business • 20 Sep 23
UK inflation rate unexpectedly falls to 6.7% in August British annual consumer price inflation (CPI) unexpectedly fell to 6.7% in August, official data showed today, a day before the Bank of England is expected to raise rates again. Business • 20 Sep 23
Bank of England readies what may be its final rate hike The Bank of England is likely to hike interest rates once again this week, possibly the last hurrah for one of the great tightening cycles of the last 100 years as a cooling economy begins to worry policymakers. Business • 18 Sep 23
Bank of England readies what may be its final rate hike The Bank of England is likely to hike interest rates once again this week, possibly the last hurrah for one of the great tightening cycles of the last 100 years as a cooling economy begins to worry policymakers. Business • 18 Sep 23
UK economy stumbles in July as strikes and rain weigh Britain's economy contracted in July at an unexpectedly sharp rate after strikes in hospitals and schools as well as unusually rainy weather weighed on output, according to official figures on Wednesday that will add to worries about the outlook. Business • 13 Sep 23
UK economy stumbles in July as strikes and rain weigh Britain's economy contracted in July at an unexpectedly sharp rate after strikes in hospitals and schools as well as unusually rainy weather weighed on output, according to official figures on Wednesday that will add to worries about the outlook. Business • 13 Sep 23
UK house prices see biggest fall since 2009 British house prices have fallen at the fastest pace since 2009 over the past year, reflecting the increasing impact of higher interest rates, mortgage lender Halifax said today. Business • 07 Sep 23
UK house prices see biggest fall since 2009 British house prices have fallen at the fastest pace since 2009 over the past year, reflecting the increasing impact of higher interest rates, mortgage lender Halifax said today. Business • 07 Sep 23
UK factory orders tumble in the face of higher rates - British factories in August suffered their weakest month since early in the Covid-19 crisis, with orders shrinking dramatically due to the rise in interest rates at home and abroad, a survey showed today. Business • 01 Sep 23
UK factory orders tumble in the face of higher rates - British factories in August suffered their weakest month since early in the Covid-19 crisis, with orders shrinking dramatically due to the rise in interest rates at home and abroad, a survey showed today. Business • 01 Sep 23
UK home sales set for lowest since 2012 - study Sales of UK homes this year were set to reach the lowest level since 2012 as soaring rates of interest on mortgages hit affordability, a survey showed today. Business • 30 Aug 23
UK home sales set for lowest since 2012 - study Sales of UK homes this year were set to reach the lowest level since 2012 as soaring rates of interest on mortgages hit affordability, a survey showed today. Business • 30 Aug 23
Inflation talk shifts ahead of Jackson Hole gathering Inflation has fallen across much of the world this year but the job is only half done, even if top central banks are now getting ready to wrap up their most aggressive interest rate hike cycle in history. Business • 24 Aug 23
Inflation talk shifts ahead of Jackson Hole gathering Inflation has fallen across much of the world this year but the job is only half done, even if top central banks are now getting ready to wrap up their most aggressive interest rate hike cycle in history. Business • 24 Aug 23
Investors expect ECB rate-hike pause in September Traders today firmed up bets that the European Central Bank would pause hiking interest rates in September, as sharp contractions in business activity pointed to deepening economic pain in Europe. Business • 23 Aug 23
Investors expect ECB rate-hike pause in September Traders today firmed up bets that the European Central Bank would pause hiking interest rates in September, as sharp contractions in business activity pointed to deepening economic pain in Europe. Business • 23 Aug 23
Asking prices for UK homes drop sharply - Rightmove Asking prices for homes in Britain fell sharply this month as rising mortgage costs caused sellers to lower their expectations of what they can get for their properties, an industry survey showed today. Business • 21 Aug 23
Asking prices for UK homes drop sharply - Rightmove Asking prices for homes in Britain fell sharply this month as rising mortgage costs caused sellers to lower their expectations of what they can get for their properties, an industry survey showed today. Business • 21 Aug 23
UK inflation rate slows to 6.8% in July from 7.9% British inflation slowed as expected in July to its lowest annual rate since February 2022, although there were more signs of pressure in core and services prices that the Bank of England is watching, official figures showed today. Business • 16 Aug 23
UK inflation rate slows to 6.8% in July from 7.9% British inflation slowed as expected in July to its lowest annual rate since February 2022, although there were more signs of pressure in core and services prices that the Bank of England is watching, official figures showed today. Business • 16 Aug 23
UK basic wage growth hits record, adding to BoE worries British wages, excluding bonuses, were a record 7.8% higher than a year earlier in the three months to June, official figures from showed today. Business • 15 Aug 23
UK basic wage growth hits record, adding to BoE worries British wages, excluding bonuses, were a record 7.8% higher than a year earlier in the three months to June, official figures from showed today. Business • 15 Aug 23
