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News And Announcements
20 May
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Bank of England chief economist sees further rate hikes ahead

The price of money is headed higher still and the risks are that even further rate rises might be needed, the Bank of England's chief economist said.

20 May
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China cuts key interest rate

The People’s Bank of China cut a key lending benchmark on Friday by the most on record as it looks to support a slowing economy and support housing demand.

20 May
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German producer prices see highest-ever annual rise as energy prices surge

German producer prices rose at their highest annual pace in April as the war in Ukraine pushed up energy prices, according to figures released by Destatis on Friday.

20 May
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UK retail sales unexpectedly jump in April

UK retail sales unexpectedly rose in April, underpinned in part by an increase in food store sales, according to figures released on Friday by the Office for National Statistics.

20 May
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UK consumer confidence reaches lowest level ever in May

Consumer confidence in the UK dipped even further in May, according to a long-running survey released on Friday, making for the lowest overall confidence score since records began.

19 May
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CMA finds Veolia-Suez merger could see waste bills rise

The competition regulator has found that the merger of Veolia and Suez would lead to a loss of competition in waste and water management services, it announced on Thursday.

19 May
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Manufacturing output grows in May but confidence falls - CBI

Manufacturing output grew at its fastest pace in ten months over the quarter to May, but confidence fell further, according to a survey released on Thursday by the Confederation of British Industry.

18 May
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UK house price growth slows to 9.8% in March

Average UK house prices increased by £24,000 in the twelve months ended 31 March, according to the Office for National Statistics, a slight slowdown when compared to the previous month.

18 May
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Inflation hits 40-year high

Inflation has hit a fresh 40-year high of 9%, official data showed on Wednesday, after energy prices surged in April.

17 May
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Eurozone economy strengthens despite Ukraine war

The Eurozone economy strengthened in the first quarter, official data showed on Tuesday, despite the impact of the war in Ukraine.

17 May
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UK unemployment rate at 48-year low, wages squeezed by inflation

The UK unemployment rate declined to a 48-year low in the first three months of the year, but wages were squeezed by surging inflation, according to data released on Tuesday by the Office for National Statistics.

16 May
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Ofgem mulls quarterly price cap review

Ofgem is considering increasing the number of times it reviews the energy price cap, the regulator confirmed on Monday.

13 May
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Rees-Mogg looks to urge 'tighter' monetary policy from BoE

Jacob Rees-Mogg, the Brexit minister, looked to rule out emergency support to help tackle the soaring cost of living crisis on Friday, as he called on the Bank of England to increase interest rates.

13 May
Eurozone industrial production falls 1.8% in March

Eurozone Industrial production fell 1. 8% in March compared with February, according to data released by European Union statistics agency Eurostat on Friday.

12 May
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Top BoE official says rates may need to be raised by more than expected

The Bank of England may need to hike official interest rates by more than what financial markets are currently pricing in, one of the central bank's top officials said.

12 May
US wholesale inflation growth eases in April

Growth in the US producer price index slowed as expected in April, according to figures released on Thursday by the Labor Department.

12 May
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UK's Johnson refuses to rule out windfall tax, but says 'I don't like them'

UK Prime Minister Boris Johnson insisted on Thursday that he was still opposed to a windfall tax on energy companies, but refused to rule the possibility of introducing a one-off levy.

12 May
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UK economy contracts in March as cost of living crisis bites

The UK economy unexpectedly contracted in March amid rising prices, figures from the Office for National Statistics showed on Thursday, fuelling fears the cost of living crisis will plunge the country into recession.

12 May
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House prices continue to rise in April - RICS

UK house prices edged higher in April, industry research showed on Thursday, as demand continued to outpace supply.

11 May
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Cost of living crisis: 1.5m households face struggle to pay bills - report

An estimated 1. 5 million UK households face being unable to pay food or energy bills this year, a think tank has warned, as the UK falls into recession.