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Uk Economy

All articles tagged with #uk economy

business2 days ago•4 min saved

UK manufacturers warned: energy bills threaten industrial footing

A CBI–Energy UK report warns that surging energy costs—electricity up about 70% and gas around 60% higher since Russia’s invasion—plus rising bills for almost 90% of firms, have led about 40% to cut investment, risking deindustrialisation and a wider trade deficit. It calls for a comprehensive reform of the energy market and stronger grid investment, with a government response that includes more targeted relief for heavy users, while broader reforms are pursued through a joint taskforce.

via The Guardian|

#business #cbi #energy-prices

economy7 days ago•4 min saved

UK inflation slows to 3% on cheaper food and fuel, fueling rate-cut bets

Britain's inflation rate dropped to 3% in January from 3.4%, led by cheaper petrol, food and airfares, though prices are still rising rather than falling. The cooler pace increases the likelihood of a Bank of England rate cut at its March meeting, with energy-bill support expected to ease price pressures further in the coming months. Economists forecast further declines ahead, though policy decisions and wage dynamics could influence how quickly inflation falls toward the 2% target.

via BBC|

#bank-of-england #cost-of-living #economy

economy8 days ago•5 min saved

UK Youth Struggle to Secure Jobs as AI and Costs Hit Hiring

UK youth face a tougher job market with 16.1% of 16–24-year-olds unable to find work amid a 5.1% national unemployment rate; higher business costs and AI-driven hiring changes are shrinking entry-level roles, while graduates report fierce competition for limited opportunities, fueling calls for targeted support schemes.

via BBC|

#ai-in-recruitment #economy #graduates

economy8 days ago•5 min saved

UK unemployment climbs to five-year high as vacancies lag and redundancies rise

Official data show the UK unemployment rate rising to 5.2% in December, the highest since early 2021, with redundancies increasing and the number of unemployed per vacancy at a post-pandemic high. Wage growth remains uneven—faster in the public sector and softer in the private sector—and the ONS cautions about interpreting monthly vacancy data. A CIPD survey links hiring cuts to new workers’ rights and higher employer National Insurance costs, while markets price in potential Bank of England rate cuts later this year.

via Sky News|

#bank-of-england #economy #note-extra-tag-would-exceed-limit

world1 month ago•16 min saved

Starmer’s China visit walks a fine line between growth and U.S. optics

British PM Keir Starmer travels to Beijing for the first UK leader visit since 2018, aiming to unlock growth with a cautious set of deals while avoiding a rift with the U.S. and Donald Trump. Expect low‑risk agreements in health, climate science, financial services, and visas, plus chatter on whisky tariffs, with big energy or EV collaborations likely off the table, reflecting a three‑way balancing act among Washington, Brussels and Beijing amid security and human rights sensitivities.

via politico.eu|

#china-visit #donald-trump #keir-starmer

business1 month ago•5 min saved

From a flat to a £6bn juggernaut: Warhammer’s tabletop empire

Warhammer’s parent company, Games Workshop, has transformed from a mail-order hobby outfit started by three friends into a £6bn FTSE 100 business, posting 10.9% revenue growth as demand for its plastic miniatures soars. The brand leverages a loyal community, a vertically integrated supply chain, and a focus on experiential retail and IP, boosted by celebrity fans and broader pop‑culture trends. Plans for global expansion, including a Warhammer World in the US and potential film/TV projects, aim to convert niche tabletop gaming into a mainstream entertainment powerhouse.

via The Guardian|

#business #entertainment-industry #games-workshop

economy1 month ago•2 min saved

UK economy defies expectations with 0.3% November growth

UK GDP rose 0.3% in November, beating Reuters’ 0.1% forecast, with services up 0.3% and production up 1.1% while construction fell 1.3%; October’s 0.1% drop was linked to Jaguar Land Rover disruptions. Analysts expect a stronger 2026 rebound as the Bank of England continues its rate-cutting path.

via CNBC|

#bank-of-england #economy #gdp-growth

business1 month ago•3 min saved

FTSE 100 Reaches 10,000 Milestone Amid Global Market Gains

The FTSE 100 index surpassed 10,000 points for the first time, marking a significant milestone in 2025 driven by strong performances from UK and international companies, boosted by global economic factors and investor confidence, despite some sector-specific setbacks.

via BBC|

#2025-performance #business #ftse-100

business2 months ago•3 min saved

Silver Spenders Over 50 Drive Investment Boom in Key Stocks

The over-50s demographic in the UK, known as 'Silver Spenders,' is gaining significant financial influence due to increased wealth and discretionary spending, driving growth in sectors like luxury goods, wealth management, insurance, healthcare, and pet care, with notable interest in companies like Hiscox, Evelyn Partners, Saga, and Pets At Home.

via CNBC|

#business #investment-opportunities #over-50s

business2 months ago•2 min saved

Boxing Day Sales Decline Signals Tough Times for Retailers

Boxing Day sales in the UK have been subdued, with foot traffic and spending falling compared to previous years, as consumers remain cost-conscious amid economic pressures and a shift towards online shopping, leading to less significance for the traditional sales event.

via BBC|

#boxing-day #business #consumer-behavior

business2 months ago•3 min saved

Bank of England Cuts Interest Rates Ahead of Christmas

The Bank of England narrowly voted to cut interest rates by 25 basis points to 3.75%, marking the fourth cut in 2025, to support consumers amid softening economic data and inflation easing. The decision was closely contested, with some policymakers concerned about inflation remaining above target. The rate cut is expected to benefit borrowers but may reduce returns for savers, and further easing could occur in early 2026 depending on economic conditions.

via CNBC|

#bank-of-england #business #inflation

politics2 months ago•5 min saved

OBR Chair Resigns Over Budget Leak and Publishing Error

Richard Hughes resigned as chair of the Office for Budget Responsibility following a major publication error that led to an early release of a key Budget document, damaging the organization's reputation and highlighting weaknesses in its publication system amid political controversy over the Budget and economic forecasts.

via BBC|

#budget-error #obr #politics

business3 months ago•3 min saved

Bank of England poised for cautious rate decision amid softening inflation and looming budget

The Bank of England is expected to hold interest rates steady at 4.0%, with some analysts suggesting a possible cut due to easing inflation pressures, though the decision remains uncertain ahead of the upcoming government budget and economic data releases.

via Reuters|

#bank-of-england #business #inflation

politics3 months ago•3 min saved

Reeves Signals Possible Tax Increases Ahead of Budget

Chancellor Rachel Reeves is expected to announce a Budget focused on fairness and opportunity, with likely tax increases despite previous pledges not to raise income tax, VAT, or National Insurance, as she aims to address economic challenges and meet fiscal rules.

via BBC|

#budget #fiscal-policy #politics

politics5 months ago•5 min saved

Labour Conference Aims to Rebuild Business Trust and Boost City Image

The article discusses the challenge Labour faces in restoring business confidence after the recent Budget, which many in the business community found damaging, and highlights the importance of government actions and policies in influencing economic growth and investor sentiment in the UK.

via BBC|

#budget-impact #business-confidence #business-sentiment