UK economy – News Portal

U.K. inflation jumps to 10.4%, surprising analysts

March 22, 2023March 22, 2023cpooldigitalLeave a Comment

[ad_1] Bank of England logo is seen in this illustration. While economists expected prices to drop rapidly later this year, inflation is more than five times higher than the Bank of England’s 2% target. | Photo Credit: Reuters Britain’s inflation rate rose for the first time in four months in February, surprising analysts and increasing […]

Bank of England makes biggest interest rate hike in 30 years

November 3, 2022November 3, 2022cpooldigitalLeave a Comment

[ad_1] The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The Bank of England has announced […]

Explained | What triggered the U.K.’s economic crisis?

October 16, 2022October 16, 2022cpooldigitalLeave a Comment

[ad_1] Why did the new Prime Minister’s policies on tax cuts for the highest earners turn out to be controversial and lead to a free fall in the economy? Is the Conservative party planning to oust her and replace her with the Sunak-Mordaunt duo? What lies ahead? Why did the new Prime Minister’s policies on […]

U.K. economy shrank a record 11% in 2020, worst since 1709

August 22, 2022August 22, 2022cpooldigitalLeave a Comment

[ad_1] The latest downward revision makes it greater than Spain’s, which recorded a 10.8% fall in output The latest downward revision makes it greater than Spain’s, which recorded a 10.8% fall in output Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID-19 […]