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Bank of England rises intrest rate to 1.75% as inflation hits 13%

Pound faces mid-Atlantic as markets eye BoE blink

Whatever new year fillip the euro zone economy got from ebbing natural gas prices, the UK saw none of it - showing just how peculiarly British the downturn there has become and heaping pressure on the Bank of England.
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Shoppers crossing the road in Oxford Street, London

UK consumer mood slides back to near 50-year low - GfK

British consumer sentiment fell for the first time in three months in January, returning near to historic lows as concerns about the economy and the soaring cost of living tightened the squeeze on household finances, research showed on Friday.
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