United Kingdom

UK housing market downturn eased a little in June, RICS reports

Recent business surveys suggest activity - especially in the services sector - has slowed sharply in recent months.

UK jobs market downturn eases as pay pressure pick up: survey

Catherine Mann said she will keep a close eye on data in the second half of this year in case rising prices affect wage settlements and inflation expectations.

Bank of England’s Mann says she is ready to hike if price pressures persist

The fall in confidence was the joint-longest negative streak since the global financial crisis in 2008.

UK business morale slumps as Iran war pushes up costs: survey

The Barclays headquarters building is seen in the Canary Wharf business district of London.

Europe’s biggest office sale in four years boosts London’s Canary Wharf

The Bank of England, which held interest rates steady in June, is closely watching how higher energy prices, caused by the closure of the Strait of Hormuz, feed into the economy.

UK manufacturing activity cools despite stockpiling boost to output, PMI shows

How Andy Burnham will approach defence is a topic of intense speculation, as Westminster prepares for him to assume leadership of the governing Labour Party.

UK defence plan leaves US$6.5 billion hole in Burnham’s first Budget

Mortgage rates may fall further in the coming months, as investor bets on hikes by the Bank of England retreat in anticipation that the truce between the US and Iran will hold. 

UK house prices stagnate despite easing mortgage costs

Sarah Breeden said that AI agents “could amplify volatility in stress” in financial markets if they all respond in the same way to similar prompts.

Bank of England’s Breeden warns AI agents risk triggering market meltdowns

ST Engineering Advanced Material Engineering beat two competing companies to win the contract.

ST Engineering unit wins US$87.1 million UK defence contract