UK Housing Market Faces 5.3% Yearly Decline as Interest Rates Squeeze Prices
According to Nationwide, the largest British building society, the seasonally adjusted housing price index revealed that prices remained stagnant in September, following a 0.8% decrease in August.
Reports Show People Worry More About Online Fraud Than Other Crimes
Poll also found that young people were most likely to be affected by online fraud, even though half of those questioned believed the elderly were most at risk.
JP Morgan Chase Bank To Ban Crypto Payments From Next Month
The UK bank is bringing a ban on cryptocurrency purchases due to an "increase in fraud and scams related to crypto assets".
Stock Markets Across the G20 Are under Strain as They Face a Host of Challenges
Whilst high interest rates are putting pressure on Western stock exchanges, China and Russia are facing difficulties of their own.
Government Criticised for Rising Food Insecurity in the UK
With 4.2 million children living below the poverty line, Right To Food has arranged a series of marches across the UK to abolish the need for food banks.
Stocks Slide After Raft Of Central Bank Rate Moves
Global stocks tumbled Thursday after the US Federal Reserve left interest rates unchanged but indicated that more hikes might be needed to tame inflation -- a signal echoed by other central banks.
Bank of England Holds Interest Rates at 5.25%
The decision to hold the rate comes after figures revealed an unexpected slowdown in inflation in August.
UK Inflation Rate Drops for the Third Consecutive Month Despite Expectations
Whilst Whitehall says the slight drop in inflation month-on-month means its policies are working, the UK still has one of the highest inflation rates in the G20.
UK Inflation In Surprise Drop To 18-month Low
British inflation unexpectedly slowed in August, data showed Wednesday, hitting an 18-month low and sparking hope this week's widely-forecast interest rate hike by the Bank of England could be its last for now.
UK Says No Evidence Of Political Bank Account Closures
Britain on Tuesday said it found no evidence of "political" bank account closures, according to a review launched after the controversial withdrawal of facilities for Nigel Farage, angering the arch Brexiteer.
Stocks Diverge As Oil Touches 10-month High
Global stocks were mixed Tuesday ahead of a Federal Reserve decision as oil prices reached fresh multi-month peaks before pulling back.
Ex-Bank Of England Governor Mark Carney Says Former PM Liz Truss Turned Britain Into 'Argentina On The Channel'
Liz Truss has vehemently defended the policies she tried to enact during her short time as prime minister. Mark Carney also criticised "far-right populists" and Brexiteers for having a "basic misunderstanding of what drives economies".
Stock markets waver before central bank rate decisions
Stock markets wavered on Monday as traders looked ahead to interest-rate decisions this week from the US Federal Reserve and the Bank of England.
ECB hikes rates again, maybe for last time
The European Central Bank hiked a key interest rate to a record high Thursday as it battles stubbornly high inflation but indicated that its historic hiking cycle may be at an end.
Waitrose and Aldi cut more prices as Britain's food inflation picture improves
Grocery price inflation has fallen to its lowest level for more than a year, causing major supermarkets to slash prices.
Experts predict the Bank of England will raise interest rates a final time from 5.25% to 5.5%
Initial GDP figures for July show a fall of 0.5 per cent, a worse performance than expected by economists, increasing the fears of a "mild recession".
Renters face 25% increase over next 3 years as landlords also grapple with increased costs
The Bank of England forecasts, however, predict salary growth of only 15 per cent over the same time period.
UK researchers develop model which uses AI for air traffic control
Researchers in the UK have designed a computer model in which artificial intelligence can direct flight movements, instead of human beings.
Stocks waver amid jitters over more tough Central Bank actions
Wall Street and European stock markets retreated on Wednesday as worries about higher oil prices and possible additional interest rate hikes weighed on sentiment.
UK housing market faces steepest annual price drop in 14 years
The abrupt increase in mortgage rates in recent months has been a response to the Bank of England's actions, which have raised interest rates 14 times since December 2021.
UK SMEs postponing investment plans as they cope with higher costs
UK small businesses are postponing their investment plans as they grapple with inflationary pressures and higher interest rates in line with fiscal policy.
Real Madrid transfer news: Jude Bellingham slams door on Kylian Mbappe's face
The England international has been impressive for Real Madrid so far this season.
What banks in the UK have the best SME customer service?
A new survey report of business banking services provides insights into how the leading banks in the UK are satisfying SME customers.
Global stocks mostly fall ahead of central bank gathering
Wall Street stocks fell Thursday as markets braced themselves ahead of a major speech by Federal Reserve Chair Jerome Powell as a rally fueled by artificial intelligence star Nvidia fizzled.
Fears of further delay to UK's post-Brexit border checks
Britain is expected to confirm that it will once again delay introducing post-Brexit border controls on food and fresh products coming from the European Union, the Financial Times reported Thursday.
UK top bosses earn 118 times pay of workers: study
Bosses running Britain's biggest listed companies enjoyed payrises of 16 percent last year as workers' wages struggled with the worst cost of living crisis in a generation, research published Tuesday found.
With the unique volatility of the UK housing market, is now a good time to buy or sell property?
The Halifax House Price Index found a -2.4 per cent annual decline, a monthly change of -0.3 per cent, in house prices, with the Director of Halifax Mortgages insisting that the equivalent of this drop in terms of cash is a thousand pounds.
Over half a million UK SMEs struggle to meet tax obligations amid rising costs
A new study reveals that more than half a million SMEs in the UK are struggling with tax payment challenges, primarily focused on Corporation Tax and VAT.
Recent report finds critical diversity issues in venture capital funding
A new report released by the Treasury Committee provides critical insights into the disparity in venture capital funding and how it's affecting UK SMEs.
Gift card sales skyrocket by 26% for grocery retailers
A rising trend has emerged from a recent study, revealing that consumers are increasingly turning to gift cards and vouchers as a creative response to economic challenges.