Global Economy
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Diverse Global Developments Highlighted by Recent Events
Recently crowned King Charles III has honored “those who put their lives on the line”.…
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Bank of England Signals Potential Rate Cuts Amid Job Market Concerns
Tight labour markets could commit the Bank of England to larger interest rate reductions. If…
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Rising Taxes Loom as Reeves Sticks to Borrowing Rules
Rachel Reeves, the Cabinet Secretary for Economic Development, is said to be under increasing pressure…
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Contactless Card Payment Limit Under Review as Consumers Respond to Proposed Changes
Major changes may be coming down the pike for contactless card payments in the UK.…
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UK Economic Growth Slows Yet Surpasses Expectations
Over the course of the second quarter, from April to June 2023, the UK economy…
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UK Inflation Surges Ahead of Key Economic Decisions
Consumer prices in the UK inflation jumped much more than anticipated in May. This rapid…
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Bank of England Set to Lower Interest Rates Amid Economic Shifts
The Bank of England will soon call for a cut in interest rates. Such a…
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July Retail Sales Surge Driven by Sunshine and Women’s Euro Football
In the UK, retail sales volumes increased by 0.6% in July. These stratospheric numbers were…
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Labour’s Property Tax Options Under Scrutiny as Election Promises Loom
As the UK Labour Party navigates its policy options ahead of the next general election,…
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US Job Market Faces Further Decline as Unemployment Rate Rises
The U.S. job market just took a big step back for August, with employers adding…