Tag Archives: UK
Borrowing Costs Reach New Highs in UK Since 2008
Rachel Reeves Under Pressure As Britain struggles with the increase in borrowing costs and the weakening pound, Rachel Reeves finds herself standing in the limelight as the new finance minister. The economic challenges posed this week are likely to alter Reeves’s plans for expenditure moving forward. (10-year gilt yield, source: LSEG) Profound increases in gilt […]
UK Economy Stagnates: ONS Revises GDP Growth to 0%
Economic Stagnant under Starmer’s Leadership The ONS on Monday revised down its estimate for UK third-quarter GDP growth to 0.0% from the previously reported 0.1%, showing that Britain’s economy did not grow at all during the first three months of Prime Minister Keir Starmer’s government. This underlines a wider economic slowdown that has overshadowed the […]
Pound Sterling Extended Gains Against U.S Dollar
Tax Hikes Weigh on U.K Economy On Thursday, data from the Bank of England showed that British employers’ expectations for wage growth continued to soften. In a separate report, activity in Britain’s construction sector rose in November, but neither report had much impact on the pound. However, the pound gained 0.45% against the U.S. dollar, […]
