Economic news and events


Bailey: UK banks in ’sound health’ but market valuations ’in doldrums’

The governor of the Bank of England has said that UK banks have emerged from a volatile few years in ‘sound health’, but said the...

Mon, 12/02/2024 - 20:58


Biggest drop in average UK two-year fixed mortgage rate since 2022

The average two-year fixed mortgage rate on the market in the UK recorded its biggest month-on-month fall since December 2022 in February, according to a...

Mon, 12/02/2024 - 11:59


UK, EU science chiefs urge researchers to take advantage of Horizon

UK and EU science chiefs are urging British researchers and businesses to make the most of Horizon funding, and apply for grants that might help...

Mon, 12/02/2024 - 11:56


Water firms in England and Wales face ‘significant’ fines

Water companies could be fined up to a 10th of their turnover for poor customer service, under new powers given to the water regulator for...

Mon, 12/02/2024 - 09:58


UK PM Sunak faces tough week with economic data and by-elections

UK Prime Minister Rishi Sunak is entering what could be one of the most challenging weeks of his premiership, with potentially gloomy economic numbers, tricky...

Mon, 12/02/2024 - 08:58


Irish construction sector slowdown eases in January, led by housing

The reduction in construction activity in Ireland decelerated in January, as employment increased and cost inflation eased to a three-month low, purchasing manager’s index survey...

Mon, 12/02/2024 - 07:02


Michael Gove to detail plans to boost housebuilding on urban brownfield sites

Tens of thousands more homes will be built under plans to regenerate inner-city brownfield sites, Michael Gove said on Sunday.

The UK housing secretary is set...

Sun, 11/02/2024 - 09:38


UK Prime Minister Rishi Sunak insists debt is ‘on schedule’ to fall

Rishi Sunak has insisted debt is ‘on schedule’ to fall, despite a senior Treasury minister having been challenged over the same claim.

The UK prime minister...

Fri, 09/02/2024 - 11:24


Ireland manufacturing industry up on-quarter; down annually

Production in manufacturing industries rose by 32% in the three months to December, the Central Statistics Office reported Friday.

From October to December 2023, production in...

Fri, 09/02/2024 - 11:09


BoE rate setter says ‘prudent’ to assume energy prices could rise

A Bank of England rate setter has said that without the downward pressure of energy, inflation will not return sustainably to the bank’s 2% target.

Catherine...

Thu, 08/02/2024 - 17:10


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