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Central bank policymakers lowered rates to 5 percent amid lower inflation in Britain, but they warned that future rate cuts would come slowly. The Bank of England decided, by a […]

M2 PRESSWIRE-July 3, 2024-: 55% of HNWs say the UK isn't supportive of wealth creation/creators; 42% of HNWs feel the UK is not an attractive place to set up a [...]

The decline, which was less than economists expected, is nearing the Bank of England's 2 percent target. Britain's inflation rate slowed last month to its lowest level in about three [...]

The News The British economy flatlined in the third quarter, entering what is expected to be a protracted period of stagnation on the cusp of a recession. Gross domestic product [...]

The News Consumer prices in Britain rose 7.9 percent in June from a year earlier, the Office for National Statistics said on Wednesday, the slowest pace of inflation in more [...]

Britain's Conservative government faces a morass of problems, some new, others longstanding, that are stymying Prime Minister Rishi Sunak. Prime Minister Rishi Sunak hopes to hold on to power by [...]

Pressure is building in Britain for the bank's governor, Andrew Bailey, to show that policymakers have a handle on the inflation problem. ''Mortgage misery for millions.'' ''Rate rise nightmare.'' These [...]

The rate, which had been expected to edge lower in May, shows that Britain's cost-of-living crisis persists, and is likely to prompt the Bank of England to raise interest rates [...]

The comment, from the Bank of England's chief economist, was offered as a way to curb inflation. But the message has fallen flat. The Bank of England's chief economist has [...]

Policymakers approved a quarter-point increase, to 4.25 percent, while affirming that British banks were ''resilient.'' The Bank of England raised interest rates a quarter-point on Thursday, its 11th consecutive rate [...]

In a major policy speech, Jeremy Hunt, the chancellor of the Exchequer, offered plans to promote greater work force participation, including more free child care. The British government ramped up [...]

M2 PRESSWIRE-July 21, 2023-: New action plan to boost innovation in West Midlands (C)1994-2023 M2 COMMUNICATIONS RDATE:21072023 The West Midlands Combined Authority (WMCA) and Innovate UK have announced a new [...]

M2 PRESSWIRE-July 14, 2023-: New Report: UK and Japan Lead Global Economies in Cross-Border Data Flows (C)1994-2023 M2 COMMUNICATIONS RDATE:13072023 Salesforce this week released Data Beyond Borders 3.0, its third [...]

Economic growth was unchanged in the fourth quarter, and only slow expansion is expected in the years ahead. The British economy narrowly avoided a recession at the end of last [...]

In the years since Britain voted to quit the E.U., many Eastern Europeans have left the country, adding to a shortfall of about 330,000 workers. The food and farming sectors [...]

The pace of price increases in November edged down from 11.1 percent. But households are still being squeezed as wages fail to keep up. Britain's inflation rate eased away from [...]

ECONOMY Bank of England Sees'Significant Pressure' in '23 The Bank of England warned on Tuesday about ''significant pressure'' on households and businesses because of higher inflation and borrowing costs, but [...]

In June 2021, Monique Foulger reached a major milestone: At 30 years old, she bought her first home, a modest one-bedroom flat in Croydon in South London. Barely a year [...]

The government is betting that the plan will put public finances back on sound footing but acknowledges that the measures are likely to deepen the economic misery for Britons. LONDON [...]

The government's budget proposal, known as the Autumn Statement, will lead to £55 billion in tax rises and spending cuts to fill a massive funding gap. Here are five takeaways. [...]

Britain's economic output fell in the third quarter and European Union officials forecast weakening growth for countries across the continent. The ride down may be shallow or steep, but either [...]

Byline: Steven Pearlstein The warning signs of financial distress are flashing all over Wall Street. The Federal Reserve's long-term shift to higher interest rates has triggered a volatile re-pricing of [...]

Byline: William Booth and Karla Adam LONDON - 'I am a fighter not a quitter,' the British Prime Minister Liz Truss told Parliament on Wednesday, as she came under withering [...]

After a blowback over her budget-busting tax cuts, Britain's prime minister has junked her free-market plans and adopted several measures favored by Labour. LONDON -- A month ago, Prime Minister [...]

The S&P 500 rose sharply on Monday after better-than-expected earnings at Bank of America and news of a radically revised tax plan in Britain. Stock markets shot upward on Monday, [...]

Byline: William Booth and Karla Adam LONDON - Britain's brand new finance minister scrapped the remaining elements of Prime Minister Liz Truss's signature taxation policy on Monday, a move that [...]

With Liz Truss's authority ebbing, questions abound about how long she can cling to her post. LONDON -- Britain's beleaguered prime minister, Liz Truss, suffered new humiliation on Saturday when [...]