The Bank of England has reduced interest rates from another percentage point, which reduced the cost of the loan to 4.5%. And in a sign that households can expect more cuts in the coming months, two members of the BankThe Monetary Policy Committee said they would have preferred to reduce the rates even more, half … Read more
There has been an acceleration in the rate of wage growth but an increase in the unemployment rate following a sharp fall in the number of salaried employees, according to the latest official figures. The Office for National Statistics (ONS) reported that basic pay excluding bonuses and average weekly earnings increased at an annual rate … Read more
The British economy almost returned to growth in November after two months of contraction, according to the latest official figures. Gross domestic product (GDP), the standard measure of the value of an economy and everything it produces, increased by 0.1%, according to data from the Office for National Statistics. Growth of 0.2% was forecast. Money … Read more
Britain’s leading small business group has appealed to economic watchdogs to heed Sir Keir Starmer’s executive order to remove regulatory barriers to growth with a new list of reform demands. Sky News has obtained a letter from the FSB to more than half a dozen regulators, including Ofgem and the Financial Conduct Authority, in which … Read more
Sir Keir Starmer has ordered Britain’s top watchdogs to remove barriers to growth in a bid to revive Britain’s flagging economy. Sky News has learned that the Prime Minister wrote to more than ten regulators – including Ofgem, Ofwat, the Financial Conduct Authority and the Competition and Markets Authority – on Christmas Eve demanding they … Read more
The UK economy showed no growth last quarter, according to revised figures from the Office for National Statistics (ONS). The previous estimate for July and September indicated that the economy grew by 0.1%. Early estimates show that real GDP per capita fell by 0.2% in the third quarter of 2024, down 0.2% from the same … Read more
The Prime Minister and Chancellor were in sync as they reacted to the GDP figures released on Friday morning. “Disappointing,” said the Prime Minister’s spokesperson, echoing Rachel Reeves» the words two hours earlier. THE The British economy has contracted for one second monthcontracting by 0.1% in October. Money Blog: Latest Updates Please use Chrome browser … Read more
Tax rises announced in the recent Budget will hit businesses rather than boost growth, the head of one of the UK’s biggest business groups warned on Monday. The Confederation of British Industry (CBI) has joined a chorus of voices opposing Chancellor Rachel Reeves’ tax measures, which Labor says are needed to plug a £22 billion … Read more
In a heartfelt announcement that resonated with fans and followers, Miss Universe runner-up Chidimma Adetshina declared her departure from the world of pageantry. The decision comes after a tumultuous journey that she describes as both challenging and transformative. In an exclusive interview with Silverbird TV, Adetshina opened up about her experiences in the competitive beauty … Read more
Nvidia, the chipmaker behind the artificial intelligence (AI) boom, saw its share price fall again following its earnings release amid continued constraints on the chain supply. Its third-quarter trading update showed that demand for its cutting-edge generative AI chips would continue to outstrip supply for at least another year. Some might say it’s a nice … Read more