UK economy
-
June 14, 2022, Tuesday
UK economy contracts sharply by 0.3% in April as slowdown looms
Gross domestic product fell 0.3% from March when output declined 0.1%, the Office for National Statistics said Monday
-
May 27, 2022, Friday
UK announces 25% levy on energy firms to ease cost-of-living crisis
The UK announced that it will impose a 25 per cent levy on the profits of oil and gas companies, to ease the financial burden on ...
-
May 24, 2022, Tuesday
More turn to UK food banks as bills soar even as Covid threat fades
While the virus threat has faded, the need for food banks in Britain has soared. Skyrocketing energy and food bills are pushing ...
-
May 21, 2022, Saturday
UK consumer confidence plunges to record low amid cost-of-living crisis
The UK Consumer Price Index rose by 9.0 per cent in the 12 months to April 2022, up from 7.0 per cent in March
-
May 19, 2022, Thursday
UK inflation rate up 9% in 12 months; hits 40-yr high as energy bill soars
The ONS said the rise resulted in 12-month inflation rates of 53.5 per cent for electricity and 95.5 per cent for gas, compared ...
-
May 18, 2022, Wednesday
UK inflation hits 9%, highest since 1982 as food and energy prices soar
Sterling fell after the data and was down by 0.4% against the US dollar.
-
April 09, 2022, Saturday
Rishi Sunak's wife to pay UK taxes as pressure mounts on chancellor
The chancellor and his family are trying to repair the damage to his reputation after a series of stories about his wealthy ...
-
March 23, 2022, Wednesday
Rishi Sunak sets out UK's Spring Budget amid high inflation
It is dubbed a 5 billion pounds tax cut worth 175 pounds on average for 30 million people and the first cut to the basic rate in ...
-
March 23, 2022, Wednesday
UK inflation hits 30-year high of 6.2% as finance minister readies response
Statistics Office highlighted household energy bills and petrol as the biggest drivers of inflation in February.
-
March 17, 2022, Thursday
Bank of England raises rates to 0.75%, less sure about future moves
The BoE said inflation was set to reach around 8% in April -almost a percentage point higher than it forecast last month - and ...
