Page 9 - Uk Economy

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.

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 lifestyle fed into the growing perception that he's out of touch with the st

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.

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 16 years

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 warned it could peak even higher later in the year

Men's suits are no longer suitable for measuring Britain's inflation

Covid's influence can be seen in many other changes to this year's basket, too

Hinduja group's UK firm bags health agency contract worth GBP 211 mn

HGS UK will provide customer support to UK citizens for two years, with an option to extend the contract

UK inflation hits highest level in almost three decades at 5.5%

Inflation in the United Kingdom has risen at the fastest rate in almost 30 years

UK economy finally bigger than before Covid-19 pandemic in November

Britain's economy grew by a much stronger-than-expected 0.9% in November

UK PM Johnson's office partied as Queen Elizabeth mourned death of husband

Johnson is facing the gravest crisis of his premiership after revelations about a series of gatherings in Downing Street during lockdowns.

Major UK firm plan investment surge, easing production challenge: Deloitte

Some 37% of chief financial officers viewed higher capital spending as a priority for 2022.

Employee group cuts UK economic growth forecast, cites supply chain pain

Britain's economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems

UK reports lowest car output since 1956 amid semiconductor chip shortage

A total of 64,729 cars rolled off British production lines, data from the Society of Motor Manufacturers and Traders (SMMT) showed.

UK to expand development finance investment in Asia, Africa, Caribbean

Foreign Office says the move was part of a strategy to deepen economic, security and development ties globally.

Rishi Sunak delivers Autumn Budget for stronger British economy

UK Chancellor of the Exchequer Rishi Sunak delivered his Autumn Budget to the House of Commons on Wednesday, with the promise of delivering stronger growth for the pandemic-hit British economy

British economy falters during summer as shortages build up

The British economy remains 0.8% below its pre-coronavirus pandemic level of Feb. 2020.

Boris Johnson brushes off UK's woes, vows high-skill economy

This is an autumn of inconvenience in Britain, marked by empty gas pumps, worker shortages and gaps on store shelves

China's data burst casts pall over global recovery, UK prices spike

Yields recovered slightly to 1.2820%, while the dollar eased 0.124% .

UK economy posts the biggest jump in annual inflation on record

The UK posted the biggest jump in annual inflation on record last month as global supply shortages and rising wages magnified the scale of price increases after pandemic-related discounts a year ago.

Britain's economic growth slowed more than expected in July over Delta

Britain's economic growth slowed more than expected in July as concern about the spread of the highly contagious delta variant of Covid-19