UK economy News

Lloyds CEO Predicts Triple Rate Cuts by Bank of England in 2025 Amid Slow Growth

Lloyds Banking Group CEO Charlie Nunn predicts the Bank of England will cut interest rates three times in 2025 to stimulate UK economic growth, citing the country's resilience and ...

UK Economy Shows Slight Improvement with a 0.1% GDP Growth in November

The UK economy experienced a slight 0.1% growth in GDP for November, indicating a potential stabilization and resilience in the face of economic challenges.

Alan Taylor Advocates for Immediate Rate Cuts to Counter UK Economic Slowdown

Alan Taylor, a Bank of England policymaker, calls for swift interest rate cuts to address the UK's economic slowdown, emphasizing the need for a soft landing as inflation cools.

European Markets Dip Ahead of Christmas Break

European stock markets closed mostly lower on Monday in a shortened trading week ahead of Christmas. The UK economy's flat growth in Q3 dampened sentiment. Key indices like FTSE 10...

UK Unemployment Rate Rises to 4.3% in Latest Quarterly Update

The UK unemployment rate has increased to 4.3% in the three months to October, according to recent data from the Office for National Statistics. This rise could indicate potential ...