Today: 5. Nov, 2024
The UK economy stabilizes after a prolonged inflation-induced slowdown and aggressive interest rate hikes. Recent data indicates a modest decrease in mortgage costs and a resurgence in manufacturer confidence, suggesting that the country might be “turning the corner.” The Bank of England’s…
The UK economy is finally showing signs of stabilization after prolonged economic turbulence. This shift comes amidst a pause in the Bank of England’s aggressive interest rate hikes, which had recently been the norm. Recent data indicates a modest decline in mortgage…
Amid ongoing concerns about lasting inflation and an economy showing signs of slowing, analysts predict that the Bank of England might increase interest rates to 5.25% this week, marking a 14th consecutive rise in borrowing costs. The looming increase, which might add…
The UK economy experienced a marginal growth of 0.1% in the first quarter of 2023, in comparison to the previous quarter. However, output in March dipped by 0.3% due to decreased demand in the services sector and strikes by public sector workers.…
