Tag: U.K. Economy

Financial Services, Industries

Bank of England Raises Key Interest Rate by 0.75 Point

November 3, 2022

Via: The Wall Street Journal

The Bank of England raised its key interest rate by 0.75 percentage point on Thursday, its largest rise since 1989, as it fights a surge in inflation from rising energy prices even as the U.K. economy slides into an expected […]

Financial Services, Industries

Bank of England raises rates by half-point to tame inflation

August 4, 2022

Via: ABC News

The Bank of England projected Thursday that the United Kingdom’s economy will enter a recession at the end of the year as it hiked interest rates by the largest amount in more than 27 years, pushing to tame accelerating inflation […]

Industries, Manufacturing

UK manufacturing ‘hampered by market uncertainty, cost of living and war in Ukraine’

August 1, 2022

Via: Sky News

The S&P Global/CIPS UK Manufacturing PMI scored 52.1 in July – the lowest for 25 months and down from 52.8 in June. Any number above 50 is seen as growth, so it means that the sector is still growing, albeit […]


Is Brexit Hurting the U.K. Economy? Trade Data Flashes a Warning

October 19, 2021

Via: The Wall Street Journal

The global upswing in trade is leaving the U.K. behind, an early sign of the challenge Brexit is presenting its economy. The U.K. formally began its new relationship with the European Union Jan. 1. Before then, and before the Covid-19 […]