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Economy

  • Bank of England: Government names economist Alan Taylor as new rate-setter

    August 16, 2024

    The government has appointed economist and Columbia University professor Alan Taylor to the Bank of England's Monetary Policy Committee (MPC).

  • UK could be ‘best performing economy’ so far in 2024 after week of data

    August 16, 2024

    It's been a busy week for the Office for National Statistics (ONS), publishing a raft of statistics on the UK economy for traders and Bank of England ratesetters to digest.

  • UK retail sales tick up in July after summer discounts and Euros boost

    August 16, 2024

    Friday's data is among a raft of economic figures released this week that will provide key indicators for Bank of England policymakers as they decide whether to cut interest rates in September.

  • UK economy grows 0.6 per cent in second quarter, in line with expectations

    August 15, 2024

    The UK economy grew in line with expectations in the second quarter of 2024, as it continued to bounce back from a shallow recession.

  • UK unemployment falls unexpectedly as wage growth slows to two-year low

    August 13, 2024

    UK unemployment unexpectedly fell in the three months to June while a slowdown in wage growth to its lowest level in more than two years added to signs that the jobs market is cooling.

  • UK economic data dump set to bolster case against September rate cut

    August 12, 2024

    A slew of official UK economic data this week is poised to bolster the case for policymakers at the Bank of England not to cut interest rates next month, with inflation forecast to rise for the first time this year.

  • UK business output jumps to highest level in two years as further rate cuts expected

    August 12, 2024

    UK business output has jumped to its highest level in two years, according to a closely-watched survey, as the expectation of more interest rate cuts provide optimism for the coming months.

  • Violence on the streets has a long tail in terms of stability

    August 12, 2024

    Starmer has built his vision on stability - but the riots could undermine all that, writes Eliot Wilson

  • British Business Bank posts second straight loss as tech valuations struggle

    August 8, 2024

    State-owned lender the British Business Bank has recorded a second straight annual loss as a decline in start-up valuations weighed on its financial performance.

  • Explainer: Who wants to live in a 24 hour city?

    August 6, 2024

    Is the world moving towards 24-hour alcohol licensing? Is that a good thing?

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