UK economy shrinks more than expected as rain and strikes hit

The UK economy shrank more ... suggested that July's economic figures could mean a "mild recession" has begun. but added he expected the Bank of England to raise interest rates a final time ... Read More

UK economy shrinks before election year

LONDON - Britain's economy unexpectedly shrank in the third quarter and flatlined ... before an election due next year.The downbeat news delivers a blow to Conservative Prime Minister Rishi ... Read More

BOE Embraces Caution After Year That Failed to Deliver on Rates

The Bank of England entered the year with investors expecting six interest-rate cuts, a sudden easing that promised to breathe life into the UK economy. It will end 2024 holding borrowing costs a full ... Read More

Reeves accused by Tories of ‘crashing the economy’ as output shrinks - live updates

The UK economy shrunk again in October, according to official figures, in yet another blow to Rachel Reeves. The Office for National Statistics (ONS) said output fell by 0.1 per cent following the 0.1 ... Read More

UK's FTSE 100 slides after Fed's cautious stance, BoE holds rates

UK's main FTSE 100 stock index dropped 1% and revisited its near one-month low on Thursday, as the U.S. Federal Reserve's overnight projection of a slower path of interest-rate cuts knocked down ... Read More

UK economy fell into recession after people cut spending

But based on that measure, Mr Sunak's promise has not been fulfilled because the UK economy shrank by 0.1% in July ... Treasury sources have confirmed to BBC News that Chancellor Jeremy Hunt ... Read More

UK Bond Yields Head for 26-Year High With BOE Rate Path in Doubt

Long-term UK government borrowing costs are approaching the highest level since 1998 as investors struggle to work out how much the Bank of England will cut interest rates next year. Read More

UK Economy Saw Sharper-Than-Forecast Slowdown Last Quarter

The economy shrank 0.1% in September alone, much worse than the 0.2% growth expected. The figures marked a disappointing start to Prime Minister Keir Starmer’s promise to turbocharge UK growth ... Read More

UK GDP: Economy falls unexpectedly

The UK economy shrank by ... high interest rates hit household spending. The fall was bigger than expected: most economists had forecast a reduction in GDP of just 0.1%. The news follows growth ... Read More

VIEW BoE keeps rates on hold but policymakers more divided

The Bank of England kept its main interest rate unchanged at 4.75% on Thursday but policymakers became more divided about whether rate cuts were needed to tackle a slowing economy. Read More

UK GDP: Economy shrinks again for second month

The economy shrank by 0.1% in October ... Looking forward, Deutsche Bank’s chief UK economist Sanjay Raja said there is “probably more bad news on the horizon”. He pointed to recent survey ... Read More