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Energy bills push UK inflation to four-month high
UK inflation has risen by 2.9%, reaching its highest level for four months, with higher energy bills identified as the main driver and economists having expected the increase.
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UK economy grew by 0.4% in July, official figures show
The UK economy expanded by 0.4% in July, outperforming economists’ expectations that there would be no growth, according to official figures.
Business
Bank of England governor warns AI could trigger global downturn
The governor of the Bank of England has warned that artificial intelligence could contribute to a worldwide economic downturn, citing volatility linke...
Business
Iran trade ties scrutinised amid Trump ‘economic D-Day’ question
Iran’s trade relationships and its experience of US sanctions are in focus as questions are raised over what Trump’s “economic D-Day” could mean.
Business
US national debt rises beyond $40tn
The United States’ national debt has moved above $40tn, having doubled over the past decade. The milestone comes after the interest rate on 30-year bo...
Business
UK job vacancies fall to five-year low as small firms cut hiring
Job vacancies in the UK have dropped to their lowest level in five years, with smaller businesses citing labour and operating costs as reasons for red...
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UK economy grows 0.4% between April and June
The UK economy expanded by 0.4% in the April-to-June period, with some firms saying warm weather and sport supported activity in June, though experts...
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Burnham warns Iran war could weigh on UK growth next year
Burnham has warned that conflict in the Middle East could affect UK economic growth next year, with oil and fuel prices rising and supply chains disru...
Business
Chinese robotics firms target UK retail amid labour pressures
BBC News reports that weak productivity growth and labour shortages in Britain are creating opportunities for Chinese robotics companies in the UK ret...
Business
Bank of England expected to keep interest rates unchanged
The Bank of England is expected to leave interest rates on hold again, which would mark a fifth consecutive pause with Bank Rate at 3.75%.