Economic news and events


UK chancellor backs interest rate hikes even if they cause recession

UK Chancellor Jeremy Hunt has backed interest rate hikes being used to calm soaring inflation even if they increase the risk of pushing the UK...

Fri, 26/05/2023 - 08:54


TOP NEWS: UK retail sales edge up monthly and annual decline abates

UK retail sales edged up on a monthly basis in April, while an annual decline softened, according to the Office for National Statistics on Friday....

Fri, 26/05/2023 - 07:18


REPEAT: UK energy bills to fall from July after cut to Ofgem price cap

Ofgem is lowering its energy price cap from the current £3,280 per year to £2,074 for the average household in England, Wales and Scotland, effective...

Thu, 25/05/2023 - 08:14


Sunak, AI leaders discuss ’existential threats’, disinformation fears

Rishi Sunak has discussed with leading figures in artificial intelligence the need for regulation to mitigate risks ranging from disinformation and national security to ‘existential...

Wed, 24/05/2023 - 21:56


UK government sets out plans to help tenant farmers

Farmers in the UK who rent their land will be given greater support with new environmental management schemes, a minister has said.

Farming minister Mark Spencer...

Wed, 24/05/2023 - 17:56


Bank of England chief says government could still meet inflation goal

The Governor of the Bank of England said there is still a chance the UK Government will meet its pledge to halve inflation this year...

Wed, 24/05/2023 - 15:46


Ireland employment rate increases in first quarter of 2023

The number of those in work in Ireland increased at the start of the year, according to the Central Statistics Office’s labour force survey on...

Wed, 24/05/2023 - 12:37


UK Chancellor Hunt rules out tax cuts amid efforts to cut inflation

UK Chancellor Jeremy Hunt appeared to rule out tax cuts in the near future as he stressed the need to tackle inflation.

His comments came as...

Wed, 24/05/2023 - 11:07


UK house prices increase at a slower rate in March

UK house prices increased at a slower rate than previous months in March, according to new figures from the Office for National Statistics.

The ONS said...

Wed, 24/05/2023 - 09:58


Boris Johnson reported to police for new ’potential lockdown breaches’

Former UK prime minister Boris Johnson has been referred to the police by the Cabinet Office over further potential rule breaches during the pandemic.

Information has...

Wed, 24/05/2023 - 06:21


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