The UK’s retail sales witnessed an unexpected rise in September despite analysts’ predictions of a downturn, driven by a boost in technology sales.Official data revealed a…
Browsing: interest rates
Selfridges has experienced a significant reduction in the value of its property assets.The luxury retailer’s property value decreased by 20.6%, amounting to £638.6 million.Loans exceeding £1.7…
The landscape of the UK fintech sector is shifting as the chances for IPOs dwindle and funding becomes scarce.Successful fintech start-ups are expanding while established firms…
UK inflation is projected to dip below the Bank of England’s 2% target for the first time in over three years.Forecasts indicate consumer price inflation (CPI)…
The UK branch of JLL has faced a significant profit decrease in 2023, attributed to market uncertainties.JLL’s pre-tax profit fell to £21.9m in 2023, down from…
The Bank of England may accelerate interest rate cuts if inflation continues to decline, signaling potential relief for borrowers, according to Governor Andrew Bailey.A cautious outlook…
As the UK witnesses a decline in inflation, the Bank of England considers a more aggressive approach to interest rate cuts.Governor Andrew Bailey suggests potential rate…
The recent discourse from Sainsbury’s CEO highlights consumer reluctance amid the cost-of-living crisis, calling for budgetary reforms to boost spending.Despite falling inflation, consumers remain cautious, particularly…
The Bank of England recently highlighted significant risks facing the UK economy, warning of a potential credit crunch. The warning stems from several global threats and…
The Bank of England highlights significant risks to the UK’s financial stability, warning of a possible credit crunch due to global market vulnerabilities. As interest rates…