Economic news and events


Average UK 2-yr fixed mortgage rate closes in on post-mini-budget peak

The average two-year fixed-rate homeowner mortgage rate is close to surpassing the highest levels seen last autumn, during the aftermath of the mini-budget, according to...

Mon, 10/07/2023 - 11:05


UK vacancy growth eases to 28-month low as hiring under pressure

Vacancy numbers in the UK grew at the slowest rate for 28 months as economic uncertainty continues to weigh on hiring, according to new figures...

Mon, 10/07/2023 - 09:30


UK business optimism at highest for 10 months, index suggests

Bosses in the UK are now more upbeat about their businesses and hiring intentions amid early signs of falling inflation, according to an index.

Optimism in...

Mon, 10/07/2023 - 05:43


UPDATE: Biden to talk politics with Sunak before meeting King

Joe Biden will meet Rishi Sunak in Downing Street for discussions that could touch on cluster munitions and Ukraine’s bid to join Nato before joining...

Mon, 10/07/2023 - 05:36


Hunt to outline ‘evolutionary’ pension funds investment reforms for UK

UK Chancellor Jeremy Hunt will promise ‘evolutionary not revolutionary’ reforms to get pension funds making billions of pounds of riskier investments in fast-growing firms to...

Sun, 09/07/2023 - 13:01


UK chancellor downplays chances of tax cuts amid stubborn inflation

A major package of UK tax cuts this autumn was growing less likely as Chancellor Jeremy Hunt signalled the pledge to halve inflation was proving...

Sat, 08/07/2023 - 10:33


TOP NEWS: UK house prices in June fall on monthly and annual basis

UK house prices fell for the third consecutive month, according to Halifax data on Friday.

The bank’s house price index fell 0.1% month-on-month in June, having...

Fri, 07/07/2023 - 07:14


UK retail footfall decline eases as tourism boosts high streets

The year-on-year decline in UK retail footfall eased last months, while visitor numbers rose in high streets alone on a rise in international tourism, according...

Fri, 07/07/2023 - 05:06


UK government borrowing costs soar as more rate hikes seen

The UK government’s borrowing costs rose Thursday with bond yields hitting 15-year peaks on expectations of more central bank interest rate hikes to fight inflation.

The...

Thu, 06/07/2023 - 16:04


Sunak ’concerned’ over price tag of rejoining EU’s Horizon programme

Rishi Sunak remains concerned over the price of rejoining the EU’s Horizon Europe scientific research programme as he considers a draft deal.

The UK prime minister...

Thu, 06/07/2023 - 14:33


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