The UK’s economic outlook has been shaken by a surprise rise in inflation, complicating plans for an anticipated interest rate cut in August. Despite a strong start to the year, recent data shows…

UK inflation surged to 3.5% in April, surprising economists and intensifying concerns over the Bank of England’s strategy on interest rates. The rise follows months of falling inflation and comes amid steep household…

The UK inflation rate surged to 2.6% in November, its highest level in eight months, driven by rising fuel and clothing costs, as well as higher ticket prices for events. This marks the…

UK inflation rose by more than expected to 2.3% for October, exceeding the official 2% target. This rise, up from 1.7% in September, reflects increased energy costs following a 10% hike in the…

Despite a recent Bank of England base rate cut from 5% to 4.75%, many major lenders have increased mortgage rates and withdrawn top deals, leading to higher costs for borrowers. Around 200 deals…

Brexit has had a significant impact on London’s financial sector, with an estimated 40,000 finance jobs lost since the UK’s departure from the EU, according to Michael Mainelli, the Lord Mayor of the…

The Bank of England is expected to lower its base interest rate to 3.5% in the coming months, a relief for home buyers and businesses as the UK economy shows signs of improvement.…

The Bank of England has cut interest rates by a quarter percentage point to 5%, marking the first reduction in over four years. This decision ends the joint-longest period of stable rates since…

Market expectations for an August interest rate cut diverge from economists' predictions. A Reuters poll of economists indicates that the Bank of England is expected to cut interest rates next week for the…

Homeowners face rising mortgage rates as a Bank of England interest rate cut is delayed. Several banks have raised some mortgage rates, responding to uncertain economic forecasts. Inflation remained higher than expected at…