The British economy saw its most significant growth in nearly three years during the first quarter of 2024, signalling the conclusion of the recent recession.

Coutts, the bank patronised by members of the royal family, faces accusations of exacerbating the UK's challenges by relocating nearly £2 billion of client funds from the London stock market to overseas investments.

Goldman Sachs has notified employees at its London office that it will eliminate caps on banker bonuses, making it the first major bank to capitalise on contentious changes to UK pay regulations. 

The Bank of England (BOE) has revised its estimate for the loss it anticipates from selling bonds acquired during the financial and Covid-19 crises.

In an unexpected turn, UK house prices declined once more in April, as reported by mortgage lender Nationwide. 

Britain stood out as the sole major European economy to witness an increase in foreign direct investment (FDI) projects last year, propelled by the thriving tech sector.

A leading forecaster predicts that the UK will be the poorest performing economy among the G7 nations next year, attributing this outlook to high interest rates and restrictive fiscal policies expected to dampen growth following the general...

Barclays saw a 12% decline in profits during the first quarter, primarily due to reduced demand for mortgages and loans resulting from higher UK interest rates. 

Official figures reveal that the government borrowed £6.6 billion more than anticipated in the past year, raising doubts about Jeremy Hunt's ability to implement significant tax cuts ahead of an expected general election this year.

Increased competition in the deposits and mortgages market, coupled with elevated costs, resulted in a decline of over a quarter in profits for Lloyds Banking Group during the first three months of the year.