UK economy
Bank of England’s Bailey says allowing inflation to run above target is appropriate
Keeping interest rates on hold was already affecting the economy, he said
Asean will benefit from breakthrough trade deal between UK and Gulf states
Britain and the Middle East states have a shared interest in the Asian region
UK private sector shrinks as Starmer crisis adds to Iran shock
S&P Global’s purchasing managers’ index dropped to 48.5 in May from 52.6 in April
IMF raises UK outlook but warns political turmoil could hurt growth
The IMF said Britain’s economy would grow by 1.0% this year
Singapore a ‘trusted partner’ in shaping regional trade rules, says UK’s investment minister
There is growing interest from Singaporean investors in priority areas such as venture capital for emerging technologies and infrastructure, says Jason Stockwood
Britain’s pound, stocks and bonds fall on political uncertainty, global inflation angst
British PM Keir Starmer’s leadership is under threat
UK economy shows unexpected growth of 0.3% in March
Its pickup of 0.6% for Q1 as a whole marks the third year running of strong expansion in the first quarter
British businesses turning to temporary staff to cope with volatility
BRITISH employers are relying more heavily on temporary workers, a closely watched survey shows, as they adapt to economic turbulence from the war in the Middle East.
UK services firms report sharpest rise in costs since late 2022
Firms remain concerned about the economic outlook and inflationary pressures caused by the Iran war
Bank of England holds rates as officials consider hikes ahead
The Monetary Policy Committee (MPC) voted 8-1 in favour of leaving the benchmark rate at 3.75%
