Economic news and events

UPDATE: Bank of England lifts GDP forecast as votes 5-4 to cut rates

The Bank of England on Thursday reduced UK interest rates by 25 basis points in a closer than expected decision.

‘It was a finely balanced decision,’...

Thu, 07/08/2025 - 12:43

Bank of England votes 5-4 to cut base rate by 25 basis points to 4.0%

The Bank of England on Thursday reduced UK interest rates by 25 basis points in a closer than expected decision.

‘It was a finely balanced decision,’...

Thu, 07/08/2025 - 12:15

Irish annual inflation rate slows in July, unemployment rises

Ireland’s annual consumer price index inflation cooled in July while unemployment increased, data published by the Central Statistics Office showed Thursday.

The country’s annual consumer price...

Thu, 07/08/2025 - 11:14

UK PM defends handling of economy but declines to rule out tax hikes

UK Prime Minister Keir Starmer has defended the government’s stewardship of the economy amid warnings that taxes will need to rise in the autumn to...

Wed, 06/08/2025 - 12:44

UK construction activity shrinks at worst rate in over 5 years in July

The pace of decline in the UK’s construction sector unexpectedly sped up in July, survey results from S&P Global showed on Wednesday.

The UK construction purchasing...

Wed, 06/08/2025 - 09:53

UK service sector rise outperforms in July as providers remain upbeat

Service sector growth in the UK slowed but beat expectations in July, amid an ‘unfavourable global economic backdrop’ while optimism improved as US tariff concerns...

Tue, 05/08/2025 - 10:08

Registrations of new cars in UK down by 5% in July, figures suggest

Registrations of new cars in the UK fell by 5% last month, preliminary figures suggest.

Approximately 140,000 new cars were registered in July, compared with 147,517...

Tue, 05/08/2025 - 09:02

Of course you are going to disappoint people as chancellor - Reeves

UK Chancellor Rachel Reeves admits Labour has ‘disappointed’ people while in government.

The politician said she understood that being chancellor meant making unpopular decisions.

She told an...

Sun, 03/08/2025 - 12:05

FCA to decide by Monday if it will impose motor finance redress scheme

The Financial Conduct Authority said it ‘will take time to digest the judgment’ by the Supreme Court regarding motor finance.

An FCA spokesperson said: ‘We welcome...

Fri, 01/08/2025 - 21:44

UPDATE: Millions in UK may miss car finance payouts after court ruling

Lenders have avoided potentially having to pay compensation to millions of drivers after the UK Supreme Court ruled they are not liable for hidden commission...

Fri, 01/08/2025 - 17:12

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