Irina Anghel

Hiring by British businesses fell at its fastest pace in 16 months as managers brace for Labour’s tax hikes, according to a survey closely watched by the Bank of England.

Then-Bank of England Governor Mark Carney advocated lowering interest rates to near zero to counter the economic shock of Brexit before relenting to maintain consensus among policymakers, according to newly released transcripts.

(Bloomberg) -- UK inflation unexpectedly cooled for the first time in three months in December, keeping alive hopes of a Bank of England interest-rate cut next month and potentially soothing market jitters surrounding the British economy.

(Bloomberg) -- UK inflation unexpectedly cooled for the first time in three months in December, prompting traders to increase bets on Bank of England interest-rate cuts this year and soothing market jitters surrounding the British economy.

UK house prices increased at the fastest annual pace in almost two years, according to official data, after rising incomes and a rush to beat a tax deadline brought buyers into the market.

Chancellor of the Exchequer Rachel Reeves has emerged relatively unscathed from a series of high-stakes public tests this week in the UK. Her next challenge will be proving to investors that she can shore up her battered economic agenda.

Bank of England rate-setter Alan Taylor called for pre-emptive interest-rate cuts to prevent a hard landing for the UK economy, as he warned of a recession risk if officials act too slowly.

(Bloomberg) -- Bank of England rate-setter Alan Taylor called for pre-emptive interest-rate cuts to prevent a hard landing for the UK economy, as he warned of a recession risk if officials act too slowly.

UK retail sales posted a surprise fall around last month’s crucial Christmas period in a fresh setback for the Labour government’s hopes of reviving economic growth.

The UK ran a significant trade surplus with the US in 2023, British government data show, placing the country in the hot seat as Donald Trump prepares to revive his protectionist push in the White House.