UK economy

Image for UK cabinet was not informed of plans to scrap top rate of tax, Truss says
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UK cabinet was not informed of plans to scrap top rate of tax, Truss says

BIRMINGHAM, England (Reuters) – British Prime Minister Liz Truss said on Sunday her cabinet of top m...

3rd October, 2022

Image for Sterling slips after Truss, Kwarteng meet fiscal watchdog
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Sterling slips after Truss, Kwarteng meet fiscal watchdog

By Joice Alves LONDON (Reuters) -Sterling slipped on Friday, reversing earlier gains against the U.S...

30th September, 2022

Image for BlackRock says cutting leverage in some funds in UK pensions crisis
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BlackRock says cutting leverage in some funds in UK pensions crisis

By Carolyn Cohn LONDON (Reuters) -U.S. asset management group BlackRock said on Friday it was reduci...

30th September, 2022

Image for UK economy still below pre-pandemic size, underscoring challenge for Truss
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UK economy still below pre-pandemic size, underscoring challenge for Truss

By Andy Bruce and William Schomberg LONDON (Reuters) – Britain’s economy remained below its pre-pand...

30th September, 2022

Image for Bank of England won’t make emergency rate hike but will go big on Nov 3 – Reuters Poll
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Bank of England won’t make emergency rate hike but will go big on Nov 3 – Reuters Poll

By Jonathan Cable LONDON (Reuters) – The Bank of England won’t raise interest rates before its next...

30th September, 2022

Image for UK minister says government will work with OBR on economic forecasts
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UK minister says government will work with OBR on economic forecasts

LONDON (Reuters) – Britain’s City minister Andrew Griffith said on Friday that Prime Minister Liz Tr...

30th September, 2022

Image for UK job vacancies fall to post-pandemic levels, REC says
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UK job vacancies fall to post-pandemic levels, REC says

LONDON (Reuters) – British job vacancies dropped to the lowest level since the COVID-19 pandemic las...

30th September, 2022

Image for UK watchdog contacts banks following huge withdrawal of mortgage deals -FT
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UK watchdog contacts banks following huge withdrawal of mortgage deals -FT

(Reuters) – Britain’s Financial Conduct Authority (FCA) has contacted lenders in the United Kingdom...

30th September, 2022

Image for Moody’s flags Oct 21 as crucial date for UK rating
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Moody’s flags Oct 21 as crucial date for UK rating

By Marc Jones LONDON (Reuters) – Moody’s top European analyst has flagged Oct. 21 as the next crucia...

30th September, 2022

Image for UK’s Kwarteng: Mini budget was essential in resetting debate around growth
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UK’s Kwarteng: Mini budget was essential in resetting debate around growth

LONDON (Reuters) – The British government’s so-called mini budget was essential in helping reset the...

30th September, 2022

Image for UK bond liquidity barely improves after BoE intervention – ING
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UK bond liquidity barely improves after BoE intervention – ING

(Reuters) -The spread between bid and ask prices on British bonds, reflecting the ease of trading in...

29th September, 2022

Image for Dollar dishes the pain as selloff rumbles on
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Dollar dishes the pain as selloff rumbles on

By Marc Jones LONDON (Reuters) – Investors pedalled into another cycle of selling on Thursday as the...

29th September, 2022