With eye on election, UK’s Hunt cuts taxes in bid to boost economy LONDON: British finance minister Jeremy Hunt announced tax cuts for workers before an expected 2024 election and he... Published 23 Nov, 2023 03:19am
World British environment minister Coffey resigns in reshuffle LONDON: British environment secretary Therese Coffey resigned on Monday as Prime Minister Rishi Sunak reshuffled his... Published 13 Nov, 2023 06:30pm
Business & Finance British economy stalls in third quarter LONDON: Britain’s economy stagnated in the third quarter, official data showed Friday, weighed down by elevated... Published 13 Nov, 2023 06:31am
Business & Finance Bank of England halts run of interest rate hikes as economy slows LONDON: The Bank of England halted its long run of interest rate increases on Thursday as the British economy... Published 21 Sep, 2023 05:48pm
Business & Finance UK economy grows slightly in late 2022: official data LONDON: The British economy performed slightly better than previously estimated in the final quarter of last year as... Published 31 Mar, 2023 01:21pm
World UK retail sales volumes slide at fastest rate since April: CBI LONDON: British retail sales volumes slid over the last month at the fastest rate since April last year, underlining... Published 26 Jan, 2023 04:53pm
World UK income inequality widens after pandemic dip LONDON: British income inequality rose to a three-year high in the 2021/22 financial year after a dip during the... Published 25 Jan, 2023 05:53pm
World UK retail sales slide on cost-of-living crisis LONDON: UK retail sales sank over the key Christmas trading period as consumers tightened belts in a cost-of-living... Published 20 Jan, 2023 07:16pm
Business & Finance BoE’s Bailey sees more optimism about inflation falling LONDON: Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation... Published 19 Jan, 2023 06:14pm
Business & Finance UK inflation drops to 3-month low of 10.5% in December LONDON: British consumer price inflation fell to a three-month low of 10.5% in December, offering some comfort to... Published 18 Jan, 2023 12:36pm
World UK finance minister: We must stick to plan to bring down ‘nightmare’ inflation LONDON: British finance minister Jeremy Hunt welcomed a small dip in inflation on Wednesday, but said the government... Published 18 Jan, 2023 12:26pm
World IMF warns that UK faces ‘sobering’ economic outlook LONDON: The International Monetary Fund says Britain faces a “sobering” economic outlook for 2023, according to a... Published 12 Jan, 2023 09:08pm
World UK house prices set for 15% drop, Nomura predicts LONDON: British house prices look on track to fall around 15% by mid-2024, economists from Japanese bank Nomura said... Published 12 Jan, 2023 07:49pm
World Biggest UK house price fall recorded since financial crisis LONDON: British house prices slid in December, capping the largest quarterly drop since the financial crisis more... Published 06 Jan, 2023 02:39pm
Business & Finance UK manufacturing ends 2022 on a low as orders shrink: PMI LONDON: British manufacturers reported one of their sharpest falls in activity since the 2008-09 recession last... Published 03 Jan, 2023 05:20pm
Markets Oil, defence stocks support FTSE 100 despite inflation shock The FTSE 100 rose on Wednesday, lifted by energy and defence stocks, even as hotter-than-expected inflation data... Published 16 Nov, 2022 01:37pm
World Truss faces new challenge over UK welfare payments BIRMINGHAM: British Prime Minister Liz Truss triggered a new row in her party on Tuesday by suggesting she could... Published 04 Oct, 2022 06:51pm
World UK's Truss tries to reassure on economic plan LONDON: British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should... Updated 02 Oct, 2022 04:27pm
Business & Finance Sterling slides below $1.15 for first time since 2020 LONDON: Sterling skidded against the dollar on Thursday to its lowest level since March 2020 as storm clouds ... Published 02 Sep, 2022 06:00am
World UK retail sales in surprise rebound LONDON: British retail sales surprisingly rose overall in July but consumer confidence is at a record-low level as... Published 19 Aug, 2022 07:30pm
World UK inflation to hit 15% in early 2023, Citi predicts LONDON: British consumer price inflation is likely to peak at an annual rate above 15% in the first three months of... Published 17 Aug, 2022 04:56pm
World UK parliamentary committee requests documents for investigation into PM Johnson LONDON: A committee of lawmakers has requested diaries, emails, photos and mobile phone messages from Boris... Published 15 Jul, 2022 05:20pm
World British government to hold confidence vote in itself on Monday LONDON: The British government will hold a confidence vote in itself on Monday, the BBC reported on Wednesday, after... Published 13 Jul, 2022 05:18pm
World UK’s Johnson: ‘I will be leaving soon with my head held high’ LONDON: British Prime Minister Boris Johnson said on Wednesday he would be leaving soon with his “head held high”, a... Published 13 Jul, 2022 04:59pm
World UK body to recommend 4-5% pay rise for 1.5mn health workers LONDON: British public-sector health workers should receive an annual pay rise of 4-5% this year, a government... Published 25 Jun, 2022 04:54pm
Business & Finance Sterling weakens as market selloff, data shakes sentiment LONDON: The pound weakened broadly on Friday, pulling back from a 23-month high versus the euro touched in the... Published 22 Jan, 2022 05:46am
Business & Finance Sterling eyes 11-month lows LONDON: Sterling dived back towards a 11-month low on Monday as investors weighed the discovery of the Omicron... Published 30 Nov, 2021 05:23am
Business & Finance Sterling sags LONDON: Sterling gave up earlier gains on Thursday, as the Bank of England predicted a sharper rebound in the ... Updated 07 May, 2021 10:01am
World Bank of England flags slower bond-buying as economy recovers The BOE kept its bond-buying programme unchanged at 895 billion pounds ($1.24 trillion), as expected by economists . The pound and British two-year gilt yields fell after the announcement before recouping those falls. Published 06 May, 2021 05:53pm
Business & Finance Profit-taking puts sterling on track for worst day vs euro since February Sterling also fell 0.5% against the dollar to $1.3844, after earlier touching $1.3919, its highest since March 19. Published 06 Apr, 2021 08:15pm
