Economy, Interest Rates & Government Policy News

The number of first-time buyers entering the UK property market grew in July, according to recent figures. The latest data from UK Finance has revealed that 32,640 first time buyer mortgages were...

Average wages in the UK are growing at their fastest rate since 2008, according to the Office for National Statistics. The latest figures from the ONS revealed that average earnings including bonuses...

The pound has fallen to its lowest level against the dollar since 2016, amid talk in Westminster of a General Election. Pound sterling fell to below $1.20 today, its lowest level since October 2016,...

More than 132,000 people have signed up to the government’s Help to Save scheme, according to the latest figures from HM Revenue and Customs. The Help to Save scheme was launched last year in order to...

One in five Britons has already filled their cupboards with food, drinks, and medicine in case a chaotic, no-deal exit from the EU leads to bare supermarket shelves and depleted pharmacies....

Wages in the UK grew by 3.9% in the year to June – the highest rate for 11 years, according to the Office for National Statistics. Average earnings in the UK have been growing at a faster rate than...

The Bank of England has voted to hold interest rates at 0.75%, while issuing a grim forecast about the impact of Brexit on growth and the value of the pound. As anticipated, the nine-member monetary...

Consumer confidence in the UK crept up slightly in July despite the growing economic uncertainty over Brexit, according to GfK. The latest UK Consumer Confidence Index rose by two points to -11 in...

The pound continued to fall today to hit a 28-month low against the dollar due to the growing threat of a no-deal Brexit. Sterling fell to below 1.09 Euros early on Tuesday, while it also fell to just...

Chinese workers in the UK get paid the most on average of any ethnic group, according to the Office for National Statistics. The latest data from the ONS on the ethnicity pay gap has revealed that...