What Does Record-High Business Confidence Mean for the UK Economy?
In a significant boost to the UK economy, optimism among British…
Inflation and Weather Woes: Why UK Consumers Are Cutting Back on Spending
Recent data from the British Retail Consortium (BRC) highlights a trend…
UK Consumers Tighten Purse Strings as Credit Borrowing Declines
Recent data from the Bank of England indicates a slight decline…
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UK Exits Recession with GDP Growth – Business Industry Reacts
The latest data from the Office for National Statistics (ONS) reveals that the UK economy grew by 0.6% between January…
Interest Rates Hold – Business Reaction
The Bank of England has announced that the Monetary Policy Committee (MPC) voted to maintain interest rates at 5.25% for…
The Struggles of Small Businesses: The Impact of Financial Regulations and Banking Practices
Small businesses, often hailed as the backbone of the economy, are facing increasingly challenging circumstances, impeding their ability to innovate…
Interest Rates Remain at 5.25% – Consumer Credit Industry Reaction
The Bank of England has opted to hold the base rate steady at 5.25%, marking the sixth consecutive meeting where…
Consumers Are Cutting Costs in Record Numbers
In the aisles of grocery stores across the nation, a significant shift is underway. According to recent analysis by Barclays,…
Transforming Consumer Lending with AI: Driving Financial Inclusion
In today’s rapidly evolving financial landscape, the integration of artificial intelligence (AI) and machine learning is reshaping consumer lending, fostering…
Anticipating Steady Global Growth: 2024 and 2025 Outlook
The OECD’s latest Economic Outlook paints a picture of cautious optimism, forecasting a continuation of modest global economic growth. Projections…
April Sees 7.2% Decrease; Decline in Shop Footfall
Recent data released by the British Retail Consortium highlights a notable decline in shop footfall across the UK in April….
Hard-pressed consumers unable to think about savings until 2025
Recent findings from Scottish Friendly and the Centre for Economics and Business Research (Cebr) shed light on the financial challenges…
Rise in Disposable Incomes Brings Relief to UK Households
A recent report by Asda and the Centre for Economic and Business Research (CEBR) unveils a promising trend for households…