Bank of England
UK Economy Demonstrates Resilience with 0.3% Growth
The UK economy has demonstrated resilience, exceeding analyst forecasts with a 0.3% growth in the second quarter. However, the growth slowed from the first quarter’s 0.7% pace, largely due to the impact of US tariffs and a higher UK business tax. According to the Office for National Statistics (ONS), services and construction drove growth, offsetting […]
Bank of England Cuts Interest Rate Amid Trump’s Tariffs
The Bank of England has cut its key interest rate by a quarter point to 4.25% amid concerns over US President Donald Trump’s planned tariffs, which threaten to weaken economic growth. This decision follows the Federal Reserve’s move to freeze US borrowing costs and the European Central Bank’s rate cut last month. According to Bank […]