Bank of England increases interest rate to 5.25% as homeowners face higher mortgage costs

Bank of England increases interest rate to 5.25% as homeowners face higher mortgage costs

August 3, 2023, 1:50 pm, BST

With two-year fixed mortgages across the UK raising the costs for more than 1 million homeowners, the latest interest hike…

Bank of Japan’s Surprise Policy Shift Sends Ripples Through Global Markets

July 29, 2023, 12:57 pm, BST

The recent announcement from the Bank of Japan regarding "greater flexibility" in its monetary policy has sent shockwaves through global…

Inflation rate rise smallest in 2 years as economic slowdown begins

July 29, 2023, 12:21 pm, BST

The latest U.S. inflation data from this week would suggest a slowdown in the rate of inflation - signalling an…

UK inflation falls more than expected to 7.9%

July 19, 2023, 9:58 am, BST

The UK’s latest figures for inflation have shown a sharper than expected fall in June to 7.9% amid speculation that…

UK joins £12 trillion CPTPP trade bloc with new access to fast-growing economies

July 16, 2023, 12:42 pm, BST

The UK has officially joined the CPTPP Indo-Pacific trade bloc and becomes the second largest economy in GDP in the…

China conducts ‘encirclement’ military drills around Taiwan

April 8, 2023, 2:28 pm, BST

China has launched military drills around Taiwan as it seeks to assert its ability to project power in the region.

New framework launched to diversify London architecture and design

February 23, 2023, 9:09 am, GMT

This week, London Mayor Sadiq Khan unveiled a new group of creative and diverse built environment experts to aid in…

UK on path to recovery as it avoids recession in 2022

February 10, 2023, 11:22 am, GMT

Despite high inflation and soaring interest rates, the UK economy has remained resilient.

Global economy in 2023: Challenges and Opportunities

December 28, 2022, 6:09 pm, GMT

The global economy is dealing with a variety of difficulties and opportunities as we look ahead to 2023.

Biggest overhaul of financial regulations in a generation to turbocharge UK growth

December 9, 2022, 5:15 pm, GMT

The government today announced one of the most significant revisions to banking regulation in more than three decades.