Weekly news update
Last Thursday, the BoE's Monetary Policy Committee voted to increase Bank Rate to 5.25%, a 14th consecutive rise.
Weekly news update
Interest rates in the UK will need to stay higher for longer than previously forecast to tackle inflation, the IIMF warned last week.
Weekly news update
Official figures released last week by the ONS showed that UK gross domestic product (GDP) contracted by 0.1% in May.
Weekly news update
Chancellor Jeremy Hunt announced a package of reforms designed to boost pensions and increase investment in British businesses.
Economic Review June 2023
Inflation persistence forces rates higher
Weekly news update
Last week, around 85% of lenders operating in the UK’s mortgage market signed a government Mortgage Charter agreeing to support borrowers.
Weekly news update
As widely expected, the Bank of England’s Monetary Policy Committee voted to increase Bank Rate by a quarter of a percentage point to 4.5%.
Weekly news update
The Coronation of King Charles III was expected to bring an additional £180m to UK hospitality and leisure businesses over the long weekend.
Weekly news update
The latest figures from the Office for National Statistics (ONS) highlight that the Consumer Prices Index increased by 10.1% in the 12-month period to March 2023.
Weekly news update
New data from the ONS shows that the UK economy flatlined in February as strikes by public sector workers weighed on growth.