Bank of England Cuts Interest Rates to 0.1%
The Bank of England has confirmed that interest rates have been cut to 0.1%, a reduction from 0.25%, the lowest
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Economy
Pound at Lowest Level Against Dollar Since 1985
The pound is now at its weakest level against the US dollar since 1985 as the markets continue to react
Read moreChancellor of the Exchequer Resigns
Sajid Javid, the Chancellor of the Exchequer, has unexpectedly resigned from the Government, as the Prime Minister’s Cabinet reshuffle falls
Read morePound Tumbles to 28-Month Low Against Euro
The pound has tumbled in morning trading following the political uncertainty in Government, with the currency at a 28-year month
Read moreUK Economy Shrinks for First Time in Seven Years
The UK economy shrank in size between April and June 2019, the first fall since 2012. The news came as
Read moreBank of England Cuts UK Growth Forecast
The Bank of England has cut the growth forecasts for the UK economy to 1.3% this year, from the previous
Read moreBusiness Secretary Responds to Jaguar Land Rover Cuts
Greg Clark, the Secretary of State for Business, Energy and Industrial Strategy has said that the decision of Jaguar Land
Read moreUK Quarter Growth Increases by Just 0.1%
The Office for the National Statistics, the ONS, has said that UK growth increased by only 0.1% over the last
Read moreOECD Warns of Damage to British Economy if Close Ties to EU Aren’t Maintained
The OECD has warned that the British economy faces long-term decline if it doesn’t maintain close ties to the European
Read moreONS Warn of “Notable Slowdown” in Latest GDP Figures
The ONS has warned that there has been a “notable slowdown” in the economy following the publication of the second
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