Browsing: Bank of England

In a surprising move, HSBC has followed the lead of other major UK banks by reducing its mortgage rates. The…

After months of sluggish performance, signs of life are emerging on the British High Street.Sales volumes increased by 2.9% in…

Homeowners are pleading for relief as they wait for a cut in borrowing costs.The Bank of England held its current…

The Bank of England has indicated a potential interest rate cut in August, a decision that could mark the first…

Inflation has finally reached its 2% target after nearly three years. Food prices have played a significant role in this…

UK inflation has slowed to 2 per cent in May, its lowest level since July 2021, aligning with the Government…

HSBC warns of potential economic consequences linked to Labour’s new wage proposal. The proposed ‘genuine living wage’ might escalate mortgage…

The recent rise in minimum wage has led to significant cuts in summer job hires. Employers across key sectors are…

UK wage growth remains strong, maintaining pressure on inflation. This development complicates hopes for an interest rate cut by the…

The UK economy hit a standstill in April, showing no growth, largely due to heavy rainfall impacting consumer spending.This economic…