Economic news and events


Lloyds Banking to make £4 billion available for first-time buyers

Lloyds Banking Group PLC will make an extra £4 billion available to first-time buyers borrowing at high loan-to-income ratios, following recent mortgage lending reforms.

The banking...

Thu, 17/07/2025 - 16:46


UPDATE: Starmer says UK will ‘work ever more closely’ with Germany

Keir Starmer has hailed the ‘closeness’ of the UK and Germany, as the two nations signed a treaty that is set to free up school...

Thu, 17/07/2025 - 13:47


Irish trade surplus grows 10% in May; surplus with US up around 4%

Ireland’s trade surplus climbed in May, boosted in particular by intra-EU trade, data published by the Central Statistics Office showed Thursday.

The country’s trade surplus rose...

Thu, 17/07/2025 - 11:53


Trump says he will meet UK PM Starmer in ‘oil capital’ of Aberdeen

Donald Trump has backed oil and gas over ‘detrimental’ wind power projects as he said he will meet Keir Starmer for talks in the European...

Thu, 17/07/2025 - 10:08


UK unemployment rate unexpectedly rises to 4.7% in May

The UK jobless rate increased in May, average weekly earnings eased and the number of job vacancies, in another sign that the labour market is...

Thu, 17/07/2025 - 07:16


Starmer to host Merz in German chancellor’s first official visit to UK

Keir Starmer will host German chancellor Friedrich Merz on his first official visit to the UK on Thursday as the prime minister seeks to boost...

Thu, 17/07/2025 - 06:41


Genel and Gulf Keystone suspend production after drone attacks in Iraq

Explosive-laden drones hit three oil fields in Iraq’s northern autonomous Kurdistan region early Wednesday, Kurdish forces said, a day after a similar attack shut operations...

Wed, 16/07/2025 - 08:24


UK consumer price inflation rate hotter than expected at 3.6% in June

UK consumer price inflation was more robust than expected last month, numbers on Wednesday showed, hitting the loftiest rate in a year-and-a-half.

According to the...

Wed, 16/07/2025 - 07:11


’Urgent’ need for digital reform of banking payments - BoE’s Bailey

Bank of England governor Andrew Bailey has said that ‘urgent’ reforms of retail banking payments should be a priority as he remains to be ‘convinced’...

Tue, 15/07/2025 - 21:19


Britain cannot grow without ’fighting fit’ finance sector - Chancellor

Chancellor Rachel Reeves told City bosses on Tuesday that Britain cannot meet its growth ambitions without a ‘fighting fit and thriving’ finance sector, as she...

Tue, 15/07/2025 - 21:18


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