Economic news and events

Bank of England head Bailey not ‘convinced’ of need for digital pound

The governor of the Bank of England has said he is not ‘convinced’ by new forms of money such as a digital pound, as he...

Fri, 20/06/2025 - 10:27

CORRECT: UK retail sales fall by more-than-expected 2.7% in May - ONS

(Correcting UK annual retail sales growth for April.)

UK retail sales declined by more than expected in May, the Office for National Statistics reported on Friday.

UK...

Fri, 20/06/2025 - 09:09

CORRECT: UK retail sales fall by more-than-expected 2.7% in May - ONS

(Correcting UK public sector borrowing in May.,)

UK retail sales declined by more than expected in May, the Office for National Statistics reported on Friday.

UK retail...

Fri, 20/06/2025 - 08:10

UK government borrowing up despite boost from national insurance hike

UK government borrowing last month jumped to the highest level for May outside the pandemic era despite a boost to the tax take after the...

Fri, 20/06/2025 - 08:01

UK retail sales fall by more-than-expected 2.7% in May - ONS

UK retail sales declined by more than expected in May, the Office for National Statistics reported on Friday.

UK retail sales fell by 2.7% in May...

Fri, 20/06/2025 - 07:21

UPDATE: UK’s Lammy to meet Iranian Foreign Minister Araghchi in Geneva

David Lammy will travel to Geneva on Friday for talks with the Iranian foreign minister and European allies as the UK presses for a diplomatic...

Fri, 20/06/2025 - 06:43

CMA to review delivery of UK road and railway infrastructure

A review of the design, planning and delivery of UK road and railway infrastructure projects has been launched.

Regulator the Competition & Markets Authority, CMA, said...

Thu, 19/06/2025 - 14:36

UK PM warns of ‘real risk’ in Middle East as Trump mulls bombing Iran

Keir Starmer has urged Donald Trump to step back from military action against Iran which could deepen the crisis in the Middle East.

The UK prime...

Thu, 19/06/2025 - 14:05

UK fund to give £9 billion a year to fix schools, hospitals, prisons

At least £9 billion a year will go to tackling the ‘soaring maintenance backlog’ and fixing crumbling schools, hospitals and prisons over the next decade...

Thu, 19/06/2025 - 13:35

BoE leaves rates unmoved but vote split more divided than expected

The Bank of England left interest rates unmoved on Thursday, though the vote split had a more dovish tilt than expected.

The BoE left bank rate...

Thu, 19/06/2025 - 12:12

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