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Prices in British shops rose at the slowest pace in more than two years this month, the British Retail Consortium said on Tuesday, adding to signs of easing inflation pressures that will be... -April 29, 2024 at 07:03 pm EDT - MarketScreener
British retailers suffered their worst April for sales since 2020, when the country was in its first COVID-19 lockdown, although the timing of the Easter holidays could be to blame, a survey... -April 25, 2024 at 06:08 am EDT - MarketScreener
By Andy Bruce LONDON (Reuters) -Britain’s government borrowed more than expected in the 2023/24 financial year, data showed on Tuesday, in bad news for Prime Minister Rishi Sunak who hopes to woo back voters with tax cuts ahead of a national election. The budget deficit for 2023/24 totalled 120.7 billion pounds ($149 billion), equivalent to…
Bank of England Chief Economist Huw Pill said on Tuesday that interest rate cuts could still be a way off, even if the passage of time and little news on the economy had brought such a move... -April 23, 2024 at 08:01 am EDT - MarketScreener
Prime Minister Rishi Sunak said on Tuesday he would increase defence spending to 2.5% of GDP to reach 87 billion pounds ($108 billion) a year by 2030. Domestically, Sunak has been under pressure from within his Conservative Party to pledge more defence spending ahead of a national election due later this year. The cost of the commitment would be an additional 4.5 billion pounds by 2028/29, taking defence spending from approximately 73.8 billion pounds to 78.2 billion pounds.