Bank of England

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Stock markets wrapped up their worst performances in years on Friday before heading into 2023 under recession fears following Russia’s invasion of Ukraine, high inflation and rising interest rates.Both US and European indices closed their…

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New banknotes carrying the portrait of King Charles have been unveiled for the first time today.The image of the new Monarch will replace the face of his late mother, Queen Elizabeth II, on the £5, £10, £20 and £50 notes, The Sun…

The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said. The implosion of cryptocurrency exchange FTX shows the need to…

As the UK hurtles towards a prolonged economic crisis — with interest rates soaring and inflation rocketing — the nation’s leader has been clocked wearing designer shoes worth almost $900.Critics on social media have blasted the new UK…

The United Kingdom, the world’s fifth largest economy, is probably already in a recession and it could end up being the longest the country has seen since records began. Britain’s economy might not grow again until 2024.That was the dire…

The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about…

The United Kingdom has descended into even deeper political turmoil, with the new Prime Minister Liz Truss sacking her Chancellor of the Exchequer, Kwasi Kwarteng, after just six weeks in the job.Ms Truss and Mr Kwarteng, who was the…

Inflation ran hotter than expected in September, continuing to squeeze US households and worsen a political headache for US President Joe Biden with just one month until midterm elections.The Labor Department said Thursday that the consumer…