Page 2 of UK economy

uk, uk economy, bank of england, britain economy,

Bank of England hikes interest rates again but softens pace

The Bank of England raised the benchmark rate by half a percentage point, to 3.5 per cent, the highest level…

December 15, 2022 18:30 IST

UK economy shrinks as economists warn of more pain to come

The Office for National Statistics said gross domestic product fell by 0.2 per cent between July and September, a smaller-than-expected…

Updated: November 11, 2022 15:22 IST

UK economy, british economy, rishi sunak, uk fiscal policy

UK PM Rishi Sunak delays fiscal statement to November 17

“The prime minister and I have decided that it is prudent to make that statement on the 17th of November,”…

Updated: October 26, 2022 16:04 IST

The race to replace Johnson, who announced on Thursday that he would quit office, could take weeks.

What next for UK economy as Boris Johnson quits?

Following is a summary of the key questions hanging over the British economy as the political drama plays out.

July 7, 2022 17:20 IST

UK inflation hits 9%, highest since 1980s

Finance minister Rishi Sunak, under pressure to offer more help to households, said countries around the world were being hit…

May 18, 2022 12:30 IST

UK inflation rises at fastest pace in 30 years

UK inflation accelerated to 7% in the 12 months through March, the highest annual rate since March 1992, the Office…

Updated: April 13, 2022 15:12 IST

Sunak had told parliament that his Spring Statement represented the biggest net cut to personal taxes in over 25 years. (Reuters)

‘Indefensible’: UK finance minister Rishi Sunak under fire over response to cost of living crisis

IFS director Paul Johnson said this would increase the wedge between taxes on earnings and those on pensions and unearned…

March 24, 2022 17:01 IST

Looking further ahead, the OBR forecast gross domestic product would grow 1.8% in 2023 and 2.1% in 2024.

UK economy to grow more slowly in 2022, inflation to jump

The International Monetary Fund estimates British gross domestic product will grow by 4.7% in 2022, the fastest among Group of…

March 23, 2022 18:57 IST

UK inflation hits 30-year high of 6.2% as Rishi Sunak readies response

The Office for National Statistics highlighted household energy bills and petrol as the biggest drivers of inflation in February.

March 23, 2022 13:02 IST

UK economy faces permanent hit with Brexit: Osborne

British finance minister George Osborne said a vote to leave the European Union in a referendum in June would do…

April 18, 2016 09:34 IST

UK economy lost steam in Q1, industry survey shows

United Kingdom economy lost steam in the first three months of the year, according to a major survey of businesses…

April 11, 2016 13:42 IST

UK employers raise growth outlook, see earlier BoE rate move

Britain’s economy will grow more strongly than previously thought this year and in 2016, an industry group said on Monday,…

August 24, 2015 08:32 IST

UK wage growth may level off, muddying rates picture for BoE

This year’s rebound in British wage growth risks petering out, potentially wrong-footing the Bank of England as it gets closer…

August 13, 2015 12:38 IST

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