No fireworks over U.K. budget — except among electrical utilities
Tag: U.K
U.K. inflation hit fresh four-decade high of 11.1% in October
U.K. inflation accelerated in October, reaching a fresh four-decade high, as higher wholesale energy prices fed through households’ utility bills. The U.K.’s Office for National Statistics said Wednesday that consumer Read more
Former U.K. Chancellor Kwarteng says he warned ex-Prime Minister Truss she was headed for trouble
“After the mini-budget, we were going at breakneck speed and I said we should slow down. She said, ‘Well, I’ve only got two years’ and I said, ‘You will have Read more
U.K. on track for recession as economy contracts in third quarter
The U.K. economy contracted in the three months through September, as high energy prices and rising interest rates mark the beginning of what policy makers expect will be a long-lasting Read more
U.K. housing market stalling as buying demand records largest drop in over 20 years
Demand for U.K. houses is falling at its fastest paces since the pandemic began in early 2020 as “buyer caution” from soaring mortgage rates further weakens the property market, according Read more
‘There’s no doubt the housing market received a significant shock’: U.K. house prices fall further
U.K. house prices fell at its fastest rate in October in 21 months, after mortgage rates soared in reaction to the ill-fated mini budget. According to the latest data from Read more
BT stock sees worst day in two years as U.K. telecom flags rising costs
Shares of BT Group PLC saw their biggest one-day drop since the pandemic lows of March 2020, after the telecom giant said it would have to fight harder against inflation Read more
Apollo says it bought a third of these assets dumped during U.K. financial market turmoil
Apollo Global Management said it swooped in to snap up discounted assets during recent financial market turmoil in the U.K. On a conference call to discuss Apollo’s APO, +5.16% third-quarter Read more
U.K. retailers group calls for business rates freeze to support investment, protect consumers
The U.K. government should freeze business rates to support investment and help keep prices low for consumers, the British Retail Consortium has said ahead of a planned 800 million-pound ($930.2 Read more
U.K. says new P.M. Rishi Sunak won’t go to U.N. climate conference
New British Prime Minister Rishi Sunak will not attend a major United Nations climate conference next month, the government said Thursday. Sunak’s office said the decision was based on “pressing Read more