NEWS

An English ten Pound note is seen in an illustration

UK bond dealers see jump in gilt issuance for 2023/24

Bond dealers expect Britain to trim debt issuance plans for the current financial year, compared with those made just after September's "mini-budget", but see a big jump in issuance next year, a Reuters poll showed on Wednesday.

UK inflation accelerates to 41-year peak

Finance minister Jeremy Hunt is expected to hike taxes and slash spending when he outlines a key budget Thursday
British inflation has jumped to a 41-year high on soaring energy and food bills in a worsening cost-of-living crisis, data showed Wednesday on the eve of a key budget.
More news
Keelie Topping shops in the parish of the Church of St Matthew the Apostle in Burnley, England

In Burnley, Britain's cost of living crisis hits home

Skipping lunch each day and watching television in blankets to keep warm is not how Ann and Keith Hartley envisaged their retirement in Burnley, the northern English town hit hardest by Britain's cost of living crisis.
UK Unemployment

Jobless rate rises as UK prepares to tighten belts again

Britain's unemployment rate unexpectedly rose and vacancies fell for a fifth report in a row as employers worried about the outlook for the economy, official data showed on Tuesday, ahead of a tough government budget plan later this week.
Real Time Analytics