Economic news and events

Irish production in manufacturing falls 12% monthly in June

Production in Ireland’s manufacturing sector fell sharply in June, seasonally adjusted data published by the Central Statistics Office showed Friday.

The country’s production in manufacturing industries...

Fri, 08/08/2025 - 11:20

UK Foreign Secretary David Lammy to host US Vice President JD Vance

David Lammy is due to meet US Vice President JD Vance amid ongoing conflicts in Gaza and Ukraine.

The UK Foreign secretary is expected to host...

Fri, 08/08/2025 - 08:27

UPDATE: BoE’s Bailey says UK rate path still down but more uncertainty

Bank of England Governor Andrew Bailey believes the path of UK interest rates remains downward but ‘uncertainty’ has risen since the central bank’s last batch...

Thu, 07/08/2025 - 14:19

UK’s Reeves leaves door open to gambling tax rise in autumn budget

Rachel Reeves left the door open to a rise in gambling taxes after Gordon Brown urged her to raise levies to cover the cost of...

Thu, 07/08/2025 - 13:54

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

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