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July 24, 2025

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Economics

UK interest rates to peak at 5.5% in September, economists predict

Experts surveyed by Reuters expect inflation to continue falling in fourth quarterBusiness live – latest updatesUK interest rates will peak at 5.5% next month as Bank of England policymakers try to minimise the impact of higher borrowing costs on the U…

August 24, 2023
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UK on recession alert amid slump in private sector activity

Poor performance in services industry and manufacturing is mirrored in eurozone Britain’s policymakers have been put on recession alert after a closely watched measure of economic health showed the UK gripped by a Europe-wide slump in private sector ac…

August 23, 2023
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Dorries claims she is ‘working daily’ on behalf of her constituents amid calls for her to resign – UK politics live

She made the comment in response to repeated claims she is neglecting her duty as an MPRishi Sunak is expected to carry out a reshuffle this year. At one point No 10 was keeping open the option of holding it straight after the Uxbridge, Selby and Somer…

August 23, 2023
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Nigel Farage says it is ‘sick joke’ that ex-NatWest boss who quit over his account will get £2.4m pay package – business live

Former CEO Alison Rose, who stepped down in July, is seeing out a 12-month notice periodThe pound, which started to drop in the wake of the poor Eurozone PMI data, has taken another tumble after UK figures pointing to similar woes at home.The pound is …

August 23, 2023
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Top UK CEOs handed 16% pay rise as millions of workers squeezed – as it happened

Data from the High Pay Centre thinktank showed FTSE 100 bosses collected an average £500,000 pay rise last year, taking their median pay to £3.9mJeremy Hunt has played down the prospect of pre-election tax cuts despite news that the public finances are…

August 22, 2023
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UK growth forecast to be slowest in G7, Labour analysis shows

Keir Starmer says sluggish economy has driven up prices and is holding back students and apprenticesUK growth will be the slowest in the G7 in 2024, Labour analysis of the latest economic forecasts shows, as Keir Starmer said that the economic climate …

August 22, 2023
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Australia news live: Mark Latham quits One Nation after being sacked as party’s NSW leader

Follow today’s live news updatesGet our morning and afternoon news emails, free app or daily news podcastAEC monitoring disinformation about electoral processesRogers said the AEC has seen an increase in mis- and disinformation over the last few years,…

August 21, 2023
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China cuts key interest rate amid economic slowdown

Central bank reduces one-year loan prime rate but surprises analysts by leaving five-year rate unchangedChina’s central bank has cut one of its key lending rates but left another unchanged, surprising economists who had expected more forceful action to…

August 21, 2023
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Homebuilder shares tumble as UK housing market weakens – as it happened

A profit warning from housebuilder Crest Nicholson compounded fears of a housing market slowdown, as Rightmove data revealed a further drop in asking pricesAJ Bell investment director Russ Mould said that while weak house price data (as was “hardly a s…

August 21, 2023
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China’s property crisis deepens with developer Country Garden at risk of default

Evergrande has filed for bankruptcy protection and firms covering 40% of Chinese home sales have defaultedChina’s property crisis has deepened with two major developers facing severe financial difficulties that threaten to send shock waves through the …

August 18, 2023
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