According to the British Retail Consortium, UK retail sale growth disappointed in February owing to wet weather, but economists say the outlook is brightening.
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The outlook for consumers continues to brighten, say economists, following the release of the Bank of England's monthly lending figures.
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Concerning news for the Bank of England's plans to cut interest rates later this year after it is reported UK businesses are "plotting a hiring spree".
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According to a new analysis, the UK is locked on a trajectory to hit record taxation levels while less money will be spent per person.
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Gas and electricity prices will fall 12% from April as the decline in global wholesale natural gas prices feeds through to UK households.
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GfK says UK consumer confidence fell in February, but a "stable outlook for future personal finances is encouraging."
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The UK economy appears to have extended its early-2024 recovery through February, with a much-watched survey of the economy reporting "a solid rate of service sector growth".
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Chancellor Jeremy Hunt received a shot in the arm ahead of next month's budget after it was reported UK public finances recorded a record monthly budget surplus in January thanks to a strong tax ta…
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The British Pound firmed on Friday following the release of stronger-than-expected UK retail sales for January, which will contribute to evidence that the economy will exit recession this quarter.
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The British Pound dropped to fresh lows for the week after it was confirmed the UK fell into recession in the second half of 2023.
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Bank of England Governor Andrew Bailey has responded to January's inflation data surprise by warning that the numbers do not change the outlook presented at the Bank's last policy meeting.
Read more →The Bank of England will cut rates to as low as 4.0% by year-end as recession and deflation threaten the UK economy, according to the Institute of Economic Affairs (IEA).
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UK headline CPI inflation might be running at double the Bank of England's 2.0% target, but if we look closer at the data we see a strong disinflation is underway in the UK, opening the door to int…
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Pound Sterling dipped against its peers after UK inflation undershot expectations and kept alive hopes that Bank of England interest rate cuts would commence in the summer.
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"Our nowcast also suggests that the slowdown in wage growth has faded. We think this combination of a tight labour market and solid wage growth is likely to lead the MPC to take a cautious approach…
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Pound Sterling rose after UK wage data beat expectations and the UK unemployment rate fell to 3.8%, underscoring a tight labour market that can ensure inflation stays elevated.
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The UK is likely to earn its recession badge next week after the ONS confirms a second consecutive quarter of decline.
Read more →The UK will report another rise in inflation in January, according to one of the country's most accurate forecasters.
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A surprisingly strong rise in house prices reported by one of the UK's biggest mortgage lenders will likely ensure the Bank of England keeps interest rates at current levels for some months to come…
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The Nationwide House price index shows property prices rose 0.7% month on month in January, and further resilience is seen ahead amidst expectations for lower interest rates.
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