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UK consumer morale hits lowest since records began in 1974
LONDON: Pessimism weighing on Britain's households has hit unprecedented levels as the cost-of-living crisis pushed confidence in the economic outlook to its joint lowest, a survey showed.
Stagflation danger stalks global economy beset by war fallout
LONDON: The world economy is increasingly succumbing to the threat of stagflation reminiscent of its 1970s ordeal, a mounting headache for global finance chiefs already navigating the fallout from the war in Ukraine.
UK inflation hits 9%, highest since 1980s
LONDON: British consumer price inflation hit an annual rate of 9.0% in April, the highest since official estimates began in the late 1980s, data showed on Wednesday.
Britain's unemployment rate drops to 3.7 pct, lowest since 1974
LONDON, May 17 (Xinhua) -- Britain's unemployment rate fell to 3.7 percent in the first quarter of 2022, the lowest level since 1974, according to figures released by the Office for National Statistics (ONS) on Tuesday.
BoE's Cunliffe warns of more tough times for crypto
LONDON (Reuters) - Investors in crypto currencies should expect more difficult times ahead as tightening financial conditions around the world stoke appetite for safer assets, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.
Bonds suddenly look like a smart hedge again
NEW YORK: A few brave souls in the investing world are starting to move back into bonds to ride out an oncoming economic storm.
The great property exodus in reverse
LONDON: Tenants flocking to London are driving up rents in the capital, reversing the pandemic “race for space” and adding to the United Kingdom’s cost-of-living crisis.
Missing billions threaten to break energy market
LONDON: The war in Ukraine has exposed the vulnerability of the energy industry across Europe, but the United Kingdom market is looking increasingly perilous for suppliers and consumers for reasons closer to home.
Lending to small businesses dries up as outlook darkens
LONDON: Lending to small businesses in Britain has fallen to its lowest since at least 2014 as companies and banks worry about the worsening economic outlook, according to a survey published on Monday.
UK property sales to Hongkongers in London and other cities set to spike amid weaker pound, influx of migrating buyers
Hongkongers are likely to purchase “significantly” more homes in the UK over the coming months as a weaker pound brings more properties in London and other British cities into their price range, according to analysts.
