The U.S. dollar index fell slightly on Friday after data revealed a marginal slowdown in job growth for June, with nonfarm payrolls rising by 206,000, below expectations. The unemployment rate also edged up to 4.1%, slightly above the anticipated 4.0%. This data
The International Monetary Fund (IMF) has warned that inflation in countries like the UK and the US is proving “persistent,” potentially requiring interest rates to remain elevated for a prolonged period. This persistence in inflation, particularly in the services sector, continues to
The UK economy grew by 0.4% in May, twice the forecasted rate, driven by strong performances in retail and construction, according to the Office for National Statistics (ONS). This growth marked a rebound from zero growth in April, which had been affected
London (Parliament News) – The chancellor, Rachel Reeves, is establishing a £7.3bn national wealth fund, as part of a campaign by the newly elected Labour government to draw billions of pounds of private sector cash for major infrastructure projects across the UK.
Brussels (Parliament News) – Belgian authorities increasingly use the central bank’s register to track tax fraud, money laundering, and serious crimes, accessing it 135,330 times in the first half of 2024. How Are Belgian Authorities Using Bank Data for Crime Tracking? Belgian
A new report reveals shocking levels of bullying, racism, and incompetence within the Nursing and Midwifery Council (NMC), the body responsible for regulating NHS nurses and midwives in the UK. The independent review highlights a dangerously toxic environment at the NMC, where
UK inflation remained at the Bank of England’s target rate of 2% in June, according to the latest official data. While discounts on clothing helped offset higher hotel costs, the overall inflation rate remained unchanged from May, providing some relief after years
Housebuilders have rebounded sharply on the London stock market after Labour’s landslide general election success as investors bet that Keir Starmer’s commitment to bulldoze planning traditions and build 1.5m new homes would help the sector. Why did housebuilders see a sharp rebound
Lisa Nandy has been named the UK Secretary of State for Culture, Media, and Sport by newly elected Prime Minister Keir Starmer. Nandy, who has served as the Member of Parliament for Wigan since 2010, brings significant experience to the role. Prior
London (Parliament News) – Expansion in the UK service sector slowed last month due to election uncertainty, with business activity hitting a seven-month low. Analysts anticipate a bounce-back post-election amid cautious spending. How did the UK service sector perform in June? Expansion
London (Parliament News) – Tension caused by a global wave of elections, beginning this weekend in France, risks destabilising the UK’s financial system, the Bank of England has cautioned. How could global elections impact the UK’s financial stability? Officials are worried about
The United Kingdom’s economy rebounded more quickly than initially reported during the first quarter of 2024, according to revised figures released by the Office for National Statistics on Friday. However, the overall economic outlook remains uncertain as the country heads into a
