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Retail sales tumbled by 1% in December as Brits cut back on Christmas

Hopes of a Christmas respite for retailers were dashed after figures showed sales fell 1 percent last month. The drop…

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Economy

Borrowers are warned UK interest rates will hit 4% in two weeks

Oh! Borrowers are warned that interest rates will hit 4% in just two weeks as the Bank of England continues…

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News

Fight against inflation is not over yet, says bank boss

The fight against inflation isn’t over yet, the bank chief says, while hinting he favors further rate hikes Huw Pill…

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News

New banknotes with King Charles III portrait instead of Queen Elizabeth II

Royal tender! Check out the new banknotes as King becomes the second British monarch with his image Charles III becomes…

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News

Closely-watched PMI figures show UK economy stabilising

Closely watched PMI figures show the UK economy is stabilizing after the Bank of England said GDP could fall by…

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News

More pain for Britons as Bank of England hikes interest rates to 3.5%

The Bank of England raised interest rates again today despite hopes that inflation has finally peaked, with Jeremy Hunt backing…

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News

Bank of England braces to hike interest rates AGAIN from 3% to 3.5%

The Bank of England prepares to raise interest rates AGAIN from 3% to 3.5%, bringing more pain for struggling Brits…

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News

Bank of England is expected to raise base rate by 0.5% next week to its highest level for 14 years

Interest rates could soar up to 3.5% next week: Bank of England will likely raise base rate by 0.5% to…

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News

Bank of England staff reject pay rise offer despite Gov Andrew Bailey urging workers to restrain

Even Bank of England employees are rejecting pay raise offers, despite Governor Andrew Bailey urging workers to exercise restraint Workers…

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Economy

Mortgage ‘bomb time’ warning for largest payment hike in history

Mortgage ‘bomb time’ warning as homeowners ‘face biggest rise ever’, with typical monthly payments doubling to £474, an extra £2,851…

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