Wall Street stocks fell Wednesday as US Treasury bond yields surged to multi-year peaks, while the pound rallied following British inflation data.

Britain's annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and in line with economists' expectations.

UK unemployment increased in the three months to the end of June while wages grew at record annual pace, official data showed Tuesday, as the economy struggles with high inflation.

British household goods company Wilko has collapsed owing to big debts, its boss announced Thursday, impacting about 12,500 jobs as high inflation and interest rates hurt consumers and businesses.

The Chief Economist of the Bank of England, Huw Pill, has cautioned that food costs in the UK might not see a significant decline due to the aftermath of the Russia-Ukraine war.

New research from Mind has revealed the detrimental impact that soaring mortgage costs are having on people's mental health, as well as their finances.

The retail sector has claimed a dominant position in UK business administrations, constituting a significant 16 per cent of all filings in H1 2023, as highlighted by a recent analysis.

A business alliance led by MP John Penrose is urging the government to expedite Smart Data reforms, to enhance the competitiveness of British exporters, among others.Business leaders rally behind urgent smart data reforms for British competitiveness and consumer benefits

Britain will set up UK Sustainability Disclosure Standards in accordance with globally approved sustainability standards by July 2024.

Major stock markets mostly slid further Thursday as traders moved out of riskier assets after Fitch stripped the United States of its top credit rating this week.

The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.

In the lingering financial crisis, the "lipstick effect" takes centre stage as consumers turn to small indulgences for comfort, leading to a 1,006 per cent increase in demand.

The UK retail industry has been battling with the closure of 6,000 retailers over the past five years due to burdensome business rates and the COVID-19 pandemic.

US and European stock markets mostly fell on Tuesday as investors reacted to macroeconomic data and corporate earnings, while the dollar firmed.

Global stocks mostly edged up on Monday as investors remained optimistic that interest rates will not go higher and China made moves to boost lackluster growth.

The BCC Quarterly Economic Survey for Q2 2023 reveals that nearly half of businesses plan to raise prices in the coming months as cost pressures ease.

Recent research has revealed gender disparities among small business owners in the UK, particularly when it comes to cash flow.

A survey has revealed a major shift in payment preferences, indicating that Apple Pay and Contactless Payments will soon overtake cash payments in physical stores, with 87 per cent of face-to-face payments in the UK in 2022 being contactless.

With the support of AI detection, there will be improvements in the accuracy of medical diagnostics as well as earlier breast cancer detection.

Inflation in the UK fell to 7.9 per cent in June 2023 from 8.7 per cent in May, marking the lowest rate since March 2022, as reported by the Office for National Statistics.

Britain's annual inflation rate slowed more than expected in June as it dropped below eight percent, official data showed Wednesday, easing the country's cost-of-living crisis.

Prime Minister Rishi Sunak has appointed a new business council that brings the chief executives of major companies into the heart of government to help boost the British economy.

UK SMEs face challenges as GDP declined by 0.1 per cent in May 2023, and pressure mounts from interest rate hikes, inflation, and late payment practices by large businesses.

UK formally joins CPTPP trade group, opening doors to new opportunities for British businesses with reduced tariffs and increased investment.

BlackCat issued a threat to Barts Trust, stating that the organisation had three days to establish contact regarding the cyber attack and data theft.

The offer comes amidst a backdrop of widespread strikes across the public sector over the past few months, with the government suggesting pay rises of between six per cent and 6.5 per cent for 2023-24.

The UK economy shrank in May on an extra public holiday for the coronation of King Charles III, official data showed Thursday, and as high inflation prolongs a cost-of-living crisis.

The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.

Britain's top lenders have passed stress tests to show they can withstand major economic shock, even as rising interest rates pressure the financial system, the Bank of England said Wednesday.

Stock markets bounced on Wednesday as data showed US inflation cooled more than expected in June, raising hopes that the Federal Reserve will soon end its cycle of interest rate hikes.