News
UK businesses cut jobs for longest stretch since pandemic
2+ hour, 50+ min ago (639+ words) Bank of England data points to sustained layoffs as labour market pressure grows. The UK labour market is showing fresh signs of strain, with businesses reporting the longest stretch of job cuts since the pandemic, according to new data from…...
Homebuyers Hit Hard as Mortgage Broker Fees Surge 28%
2+ day, 1+ hour ago (354+ words) Average broker charges have climbed to "643 even as mortgage activity slows. The cost of using a mortgage broker in the UK has risen sharply over the past year, with average fees increasing by more than 28 per cent to "643, according to…...
Reeves pledges stability as Middle East war threatens to derail economic plans
3+ day, 1+ hour ago (815+ words) ''Economic growth forecast cut in 2026, raised for next two years'' Chancellor Rachel Reeves leaves 11 Downing Street to attend the first PMQs since the US and Israel attacked Iran, on March 04, 2026 in London, England. CHANCELLOR Rachel Reeves said she would steer…...
Grocery inflation edges up to 4.3 per cent as Middle East tensions cloud outlook
4+ day, 4+ hour ago (760+ words) Rising food prices return just as energy risks threaten wider inflation pressures. Grocery inflation edges up to 4.3 per cent as Middle East tensions cloud outlook Supermarket shoppers felt an unwelcome shift in February as grocery inflation ticked higher, raising fresh…...
New home listings set to reach highest level for any February in a decade
1+ week, 3+ day ago (308+ words) More homes are hitting the market as mortgage conditions ease The findings add to growing signs that the UK property market could be finding its footing after a difficult stretch. The Royal Institution of Chartered Surveyors recently pointed to "tentative…...
Mortgage rate cuts from major banks bring relief for first-time buyers
2+ week, 4+ day ago (527+ words) Lower borrowing costs suggest lenders are competing harder for new buyers. Mortgage rates for first-time buyers are starting to edge down as major lenders compete for new borrowers, offering some relief to those trying to get onto the property ladder....
UK consumer confidence sinks as households worry about debt and finances
2+ week, 5+ day ago (403+ words) Household sentiment remains weak despite slight improvement in survey readings. Confidence among UK households about their finances appears to be struggling, with new research suggesting spending remains subdued while worries about debt continue to grow. The latest UK consumer confidence…...
UK growth stuck at 0.1 per cent as services sector flat
3+ week, 2+ day ago (530+ words) UK's ECONOMY barely grew in the final quarter of 2025, official data showed on Thursday, in a fresh setback for prime minister Keir Starmer's government. Gross domestic product grew by 0.1 per cent in the October-to-December period, the same pace as in…...
Gold, silver slide sharply from record highs
1+ mon, 1+ week ago (590+ words) Gold dropped by almost 10 per cent to about "3,830 an ounce ($4,850), marking its biggest intraday fall since the 2008 Gold and silver prices fell heavily on January 31, after a sharp reversal in market sentiment around US monetary policy and political stability. As…...
UK workers face highest AI job losses among major economies, Morgan Stanley research shows
1+ mon, 1+ week ago (343+ words) Morgan Stanley study reveals British firms cut 8 per cent of workforce due to artificial intelligence Report found UK employers cut or refrained from backfilling approximately a quarter of roles due to AI British workers are facing the sharpest job losses…...