May 15, 2025 | Current Affairs
The UK economy grew by 0.7% in the first quarter of 2025, according to the Office for National Statistics (ONS) – outperforming City forecasts of 0.6% and marking the most substantial quarterly growth in a year. This early-year momentum was led by the UK’s dominant...
May 14, 2025 | Current Affairs
The UK unemployment rate rose to 4.5% in January-March 2025, its highest level since the summer of 2021 and up 0.2 percentage points on the previous quarter, according to the Office for National Statistics (ONS). The figures come from the Labour Force Survey, whose...
May 14, 2025 | Current Affairs
The Bank of England has lowered its Bank Rate from 4.50% to 4.25% after a narrow 5-4 vote by the Monetary Policy Committee (MPC) on 8 May. The decision follows a run of weaker economic indicators and reflects concern that new United States tariffs and knock-on effects...
May 13, 2025 | Current Affairs
According to the Office for National Statistics (ONS), unemployment in the UK has risen to 4.5%, the highest level since summer 2021. The figure covers the first quarter of 2025 and marks a 0.2 percentage point increase from the previous quarter. The rise in...
May 9, 2025 | Current Affairs
The Bank of England has cut interest rates by 0.25% to 4.25%, aiming to support the UK economy as uncertainty rises. It marks the fourth reduction since August 2024. The Monetary Policy Committee (MPC) warned that economic growth will likely remain subdued, predicting...
