Browsing: UK economy

Private sector wage growth hits six year low in the United Kingdom as official earnings figures show regular pay in the private sector slowed to 2.9 percent in the three months to May 2026. Data published by the Office for

The United Kingdom’s inflation rate rose to 3% in January, surpassing analyst expectations of 2.8%, according to data released by the Office for National Statistics (ONS) on Wednesday. The increase marks a sharp rise from the previous month’s 2.5% and

UK businesses are preparing for the largest wave of redundancies in a decade as confidence in the economic outlook plummets, driven by tax increases set to take effect in April. The Chartered Institute of Personnel and Development (CIPD) reported that

The Bank of England (BoE) announced its first interest rate cut of 2025 on Thursday, reducing the benchmark rate by 25 basis points to 4.5%. The decision, made amid concerns over sluggish economic growth, saw seven of the nine members

British wage growth remained robust in the three months to November 2024, despite increasing indications of a weakening labor market, according to data released on Tuesday. The figures reaffirm the Bank of England’s (BoE) current stance on interest rates as

The United Kingdom’s retail sector is facing significant challenges following recent budget announcements, with increased financial pressures and a rise in insolvencies among retailers. The October 2024 budget, introduced by Chancellor Rachel Reeves, implemented substantial tax increases, including a rise