Economic news and events

UPDATE: BoE’s Bailey says ‘number of paths’ for UK interest rates

The Bank of England offered little about the path for UK interest rates, but believes its monetary policy is now in restrictive territory, and will...

Thu, 03/08/2023 - 14:58

TOP NEWS: Bank of England lifts UK interest rates by 25 basis points

The Bank of England enacted its 14th successive interest rate hike on Thursday, lifting bank rate by 25 basis points, and the central bank believes...

Thu, 03/08/2023 - 12:26

TOP NEWS: Growth in UK services sector slows down in July

The UK’s service sector saw slower growth in July, S&P Global data showed Thursday.

The headline seasonally adjusted S&P Global/CIPS UK services PMI business activity index...

Thu, 03/08/2023 - 09:47

Ireland private sector flat in July despite strong service sector

Overall private sector activity in Ireland was unchanged last month, despite continued strong growth in the service sector, survey results from S&P Global showed on...

Thu, 03/08/2023 - 07:00

Unemployment rate in Ireland edges down to 4.1% in July

The unemployment rate in Ireland edged down in July, according to figures from the Central Statistics Office on Wednesday.

The seasonally adjusted unemployment rate for...

Wed, 02/08/2023 - 12:00

UK PM Rishi Sunak believes ‘light at end of tunnel’ on inflation

UK Prime Minister Rishi Sunak said inflation is not falling as fast as he would like, but believes people can ‘see light at the end...

Wed, 02/08/2023 - 11:15

UK product safety laws face modernisation to protect online shoppers

Product safety laws are to be modernised to better protect customers when shopping online and buying products such as smart devices, the UK government has...

Wed, 02/08/2023 - 06:56

UK’s Grant Shapps convenes summit with energy giants in Downing Street

The UK’s energy industry leaders will gather in Downing Street on Wednesday to discuss economic growth and energy security with Grant Shapps.

The Energy Security Secretary...

Wed, 02/08/2023 - 05:44

Britain to retain CE safety mark following calls by businesses

Britain is to retain the EU’s product safety CE mark indefinitely, rather than make its own post-Brexit alternative compulsory, in a move welcomed by manufacturers.

The...

Tue, 01/08/2023 - 16:54

Woman who led BoE’s Northern Rock response chosen as deputy governor

The Bank of England has chosen the woman who led its response to the Northern Rock crisis to become its next deputy governor.

Sarah Breeden will...

Tue, 01/08/2023 - 16:50

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