Last year saw a 30-year high in the number of companies going bust in England and Wales, with over 25,000 company insolvencies registered in 2023.

For the fourth consecutive meeting, Bank of England has maintained interest rates at 5.25 per cent. The Monetary Policy Committee (MPC) disclosed a 6-3 majority vote in favour of keeping rates steady, consistent with many economists' predictions.

House prices in the UK experienced modest growth of 0.2 per cent between October and November, as reported by mortgage provider Nationwide.

The Bank of England's Financial Stability Report anticipates a rise in households grappling with high debt servicing ratios and an uptick in consumer credit usage.

A Treasury minister has acknowledged that there is "still more work" needed to address inflation, as the figures remain unchanged. Inflation held steady at 6.7 per cent for the year ending in September, showing no variation from the previous...

UK retail sales volumes fell by 0.9% in September, surpassing economists' expectations of a 0.2% decline. This decline, following a 0.4% drop in August, was primarily driven by online retailers, who experienced a 2.2% decrease in sales volumes,...

Fuel poverty activists have raised concerns that hundreds of thousands of struggling households in Great Britain may miss out on government assistance for their winter energy bills if they do not apply for financial support when it opens on...

UK automakers have issued a warning about an impending 10 per cent customs duty increase for electric cars crossing the Channel. When the UK exited the European Union in early 2021, a last-minute free trade agreement removed tariffs on automobiles.

A Bank of England (BoE) policymaker has noted that the impact of the central bank's measures to control inflation has only just begun to affect households, and the repercussions will become more pronounced in the coming year.

In September, inflation remained high, defying expectations of a decrease as a decline in food and drink prices was offset by increased energy costs.