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UK Economy Rebounds in January After Slipping Into Recession

The UK economy rebounded in January, registering modest growth after falling into a technical recession in the second half of last year.

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Published on Mar 13, 2024 01:24 PM IST
Bloomberg |

English school budgets under strain as costs escalate, study finds

Budgets will continue to remain tight after 2025 under government plans that imply no further real-terms increases, the IFS said in March.

The Department for Education claims “funding will be at its highest ever level in real terms per pupil” next year after a record £60 billion ($72.9 billion) of support(AP)
Updated on Oct 05, 2023 12:33 PM IST
Bloomberg |

Bank of England raises interest rate to 15-year high, hints at future hikes

The Bank of England lifted its key rate a quarter point as expected to 4.5%, with two of the nine-member Monetary Policy Committee voting for no change.

The Bank of England (REUTERS)
Updated on May 11, 2023 04:59 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

UK PM Sunak trusts UK Banking system safe despite Credit Suisse collapse

“We do believe we have a robust system, a strong system,” Prime Minister Rishi Sunak’s official spokesman Max Blain told reporters on Monday.

British Prime Minister Rishi Sunak.(REUTERS)
Published on Mar 20, 2023 06:17 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

'Britain to avoid recession…' UK finance minister Jeremy Hunt in Budget speech

There have been predictions that the country would dip into recession in part because of record inflation and rising energy prices due to the war in Ukraine.

Britain's Chancellor of the Exchequer Jeremy Hunt poses with the red Budget Box as he leaves 11 Downing Street in central London on March 15, 2023, to present the government's annual budget to Parliament. (AFP)
Updated on Mar 15, 2023 06:59 PM IST
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