The Business Times

UK economy

International

Reeves set for careful UK budget update as Iran conflict alarms investors

Reeves says she will make major fiscal policy changes only in her full budget statements in the autumn

Food inflation of 3.5 per cent in annual terms in February was down from 3.9 per cent a month earlier.
International

UK food prices and shop price inflation slow in February: survey

Britain’s overall consumer price inflation rate fell to a nearly one-year low of 3 per cent in January

The survey suggests caution is once again gripping British consumers, whose spending contributes around 60% of economic output.
International

UK consumer confidence falls amid fear of job losses: survey

Unemployment worries are rising rapidly among young people in particular, GfK’s data shows

Critics point to sharp increases in the minimum wage and plans to strengthen protections for employees, discouraging firms from hiring.
International

Nearly a million young Britons are not in jobs or education

The report could fuel discontent with Prime Minister Keir Starmer

The British Chambers of Commerce estimates that it will raise the cost on UK exports to the US by as much as £3 billion and will impact 40,000 British companies.
International

UK risks being the biggest loser from Trump’s tariff changes

The US president’s new tariff regime can apply for a maximum of 150 days unless Congress extends it

Finance Minister Rachel Reeves hopes the greater fiscal headroom she created in November’s Budget will be enough to avoid needing to make a mid-year change in fiscal policy.
International

UK public finances show record surplus in January

There is an excess of £30.4 billion, higher than economists’ forecast of £23.8 billion

Investors mostly expect the central bank to cut its benchmark interest rate to 3.5% in March after a tight vote to keep borrowing costs on hold in February.
International

UK inflation hits its lowest in nearly a year at 3%

British inflation has run higher than in the United States and in the euro zone

The Bank of England, as well as economists polled by Reuters, had forecast 0.2% Q4 growth compared with the previous three months.
International

UK economy barely grows in Q4 as Budget uncertainty weighs

The figures underscore why investors think BOE is more likely to cut interest rates again in March

The results “signalled stronger growth momentum across the UK private sector economy.”
International

UK private sector in best month since August 2024, PMI shows

S&P Global’s purchasing managers’ index rose to 53.7, up from 51.4 the month before

The National Institute of Economic and Social Research forecast that the jobless rate would average 5.4 per cent this year, up from 4.8 per cent in 2025.
International

UK unemployment set to hit 11-year high in 2026, NIESR forecasts

Unemployment in the IT sector could be due to artificial intelligence

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