Rachel Reeves has been handed a damning “horror show” report card by the Office for Budget Responsibility, which warned Tuesday that Labour’s string of policy U-turns have left Britain’s finances …
Interest Rates
News and updates on UK interest rates — including Bank of England decisions, economic forecasts, mortgage changes, inflation strategy, and political reaction.
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Economy
Sterling SOARS to dizzying heights as pound hits near FOUR-YEAR peak against dollar – and it could mean BIG savings on your summer holiday
by James CarterBrits set to cash in as currency rockets to $1.37 – making American trips and designer shopping sprees suddenly more affordable The British pound is flexing its muscles like never …
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Economy
Bank of England Holds at 4.25% as Inflation Soars to 3.4% – Middle East Tensions and Rising Food Costs Dash Hopes of Summer Relief for Mortgage Holders
by Darren SmithThreadneedle Street Breaks Pattern of Cuts as Price Pressures Mount – Expert Warns Inflation Will Stay Above 3% Throughout 2025 Amid ‘Persistent Wage Growth’ The Bank of England has dashed …
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Economy
Bank of England set to hold rates at 4.25% as inflation and global uncertainty persist
by Tara WhitmanEconomists predict pause in rate-cutting cycle amid unexpected rise in inflation to 3.5% Labour market shows signs of weakness as wage growth slows and unemployment rises Trump tariff concerns and …
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U.S
President Trump Approval Plummets as Billionaire Elon Musk Blasts ‘Big Beautiful Bill’ in Explosive Public Feud
by James CarterWorld’s richest man turns on Trump over spending plans that would add $2.4 TRILLION to national debt – as polls show both men’s popularity tanking Donald Trump and Elon Musk’s …
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Economy Adds 139,000 Jobs as Tariff Turmoil Fails to Trigger Recession Fears — For Now WASHINGTON — The American jobs machine kept chugging along last month, defying predictions of doom as …
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Economy
River Island Drawing Up ‘Radical Rescue Plan’ as 230 Stores and 5,500 Jobs Hang in Balance
by Darren SmithFashion giant that started as bomb site fruit stall calls in PwC for emergency restructuring after losing £33.2m – as retail bloodbath continues with Rachel Reeves’ Budget blamed for crisis …
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Economy
World Economy Faces BLEAKEST Outlook Since Covid Crash as Trump Trade War Sparks Global Meltdown
by Tara WhitmanOECD slashes growth forecasts to pandemic-era lows as tariff chaos grips major economies – with US set to be hit HARDEST The global economy is heading for its worst performance …
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Economy
UK Housing Market Rebound: Experts Reverse 2025 Forecast, Predict Price Growth Amid Mortgage Relief
by Darren SmithIn a surprising twist that has caught both homeowners and investors off guard, leading UK real estate analysts have made a dramatic U-turn on their 2025 housing market predictions. Where …
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Economy
Pound Falls to 1.3176 Against Dollar Amid Market Shifts: What It Means for the UK Economy and Investors
by Darren SmithThe British Pound has taken a notable dip in global foreign exchange markets, sliding to 1.3176 against the US Dollar—a decline of -0.97% from the previous day’s close. This movement …