Economy

Is Insider Selling at Likewise Group Plc (LON:LIKE) a Cause for Conc...

Highlights,Insider Andrew Simpson sold over 1.3 million shares of Likewise Group Plc,(LON: LIKE).,Likewise Group operates in the residential and comme...

Bank of England Likely to Hold Rates Steady Amid Rising Wage Inflati...

Highlights:,Interest Rate Pause Expected:,Bank of England unlikely to cut rates this Thursday as wage growth remains high.,Wage Inflation Accelerates:...

UK Private Sector Employment Declines Amidst Rising Costs and Econom...

Highlights:,Sharp Decline in Employment:,Private sector employment fell at the fastest rate since January 2021, marking the third consecutive month of...

UK Economy Faces Recession Risks Amid Contraction and Gloomy Outlook

Highlights:,Second Consecutive Contraction:,UK GDP fell 0.1% in October, mirroring September's decline and raising recession concerns.,Sectoral Strugg...

UK Economy Contracts in October Amid Declining Production and Constr...

Highlights:,GDP falls 0.1% in October:,Declines in manufacturing, mining, and construction output drive contraction.,Service sector remains flat:,Grow...

Sharp Decline in UK Job Demand as Business Confidence Hits New Lows

Highlights,UK job vacancies dropped at their fastest rate since August 2020, reflecting waning business confidence.,November marked the 13th consecuti...

UK Economic Growth Forecasts Lowered as Autumn Budget Sparks Concern...

Highlights,The Confederation of British Industry (CBI) downgrades 2024 UK growth forecast to 0.9% following the Autumn Budget.,Business costs and prof...

UK Unemployment and Wage Growth Rise Amid Falling Job Vacancies

Highlights:,Unemployment Rate Rises,: The UK unemployment rate increased to 4.3% in the three months to September, surpassing expectations.,Wage Growt...

Powell Rejects Trump Dismissal Speculation as Fed Cuts Rates Amid Po...

Highlights:,Firing Speculation Quashed:,Jerome Powell states it is legally impossible for the White House to remove him from his role as Federal Reser...

Bank of England Governor Opposes Forced Pension Investment in UK Ass...

Highlights:,Bank of England’s Andrew Bailey warns against mandating pension funds to invest in UK assets.,Consolidation of smaller pension schemes is...

UK Inflation Dip Reduces Benefit Increase for Families Ahead of Budg...

Highlights:,Lower Benefit Increase,: A 1.7% increase in benefits due to lower inflation will result in a modest £253 rise for families receiving Unive...

UK Inflation Hits Three-Year Low, Raising Prospects of Bank of Engla...

Highlights:,Inflation Drop,: UK inflation falls to a three-year low, with CPI at 1.7%, boosting expectations for BoE rate cuts.,Rate Cut Forecasts,: E...

BoE Economist Pushes for Caution on Rate Cuts, Contradicting Bailey

Highlights:,Caution on rate cuts:,Bank of England's chief economist Huw Pill advocates for a gradual approach to interest rate reductions, urging caut...

UK Economic Growth Revised Downward for Q2

Highlights:,UK Economic Growth Adjusted:,The ONS reported UK economic output growth revised down to 0.5% for Q2, from a previous estimate of 0.6%.,Slo...

Southern Water Warns of Potential Water Shortages by 2034

Highlights,Southern Water warns of potential shortages,: The company indicates customers could face water scarcity by 2034 without significant supply...

Protracted Dispute Is Resolved as Rail Workers Accept Pay Increase.

Highlights:,Overwhelming Approval,: Rail workers voted overwhelmingly in favor of a new pay offer, effectively ending a prolonged dispute.,Salary Incr...

Keir Starmer Warns of a 'Difficult Road Ahead' in Labour Conference...

Prime Minister Keir Starmer delivered a cautionary address at the Labour Party conference in Liverpool, reiterating that the UK faces a "difficult roa...

UK Business Growth Stalls as Autumn Budget Approaches

Britain's manufacturing and service sectors have dampened overall business growth this month, as uncertainty builds ahead of the upcoming Budget. Flas...

Pub Closures Slow as Industry Prepares for End of Tax Relief

In England and Wales, an average of 50 pubs have permanently closed each month during the first half of this year, according to recent figures release...

Bank of Japan Keeps Interest Rates Steady

Officials at the Bank of Japan (BoJ) announced on Friday that they would keep interest rates unchanged, reflecting an upgraded outlook on consumption...