Download IPFS LONDON – A rare split among the Bank of England’s top officials has highlighted the precarious state of the UK economy as policymakers grapple with how best to respond to inflation and slowing growth. In an unprecedented decision on Thursday, Governor Andrew Bailey voted to cut interest rates[Read More…]

Download IPFS Cumbria has launched a new initiative aimed at involving young people in planning the region’s long-term economic future. The group, called Cumbria’s Future Generation (CFG), targets individuals aged 16 to 35 and forms a key part of Enterprising Cumbria’s 20-year Economic Strategy. It seeks to ensure that younger[Read More…]

Download IPFS The Bank of England’s Monetary Policy Committee (MPC) voted narrowly, by 5–4, to reduce the base interest rate by 0.25 percentage points, lowering it to 4%. This marks the lowest borrowing cost in over two years and has been widely welcomed by financial experts as a positive development[Read More…]

Download IPFS The UK’s economic outlook takes centre stage this week as key GDP and labour market figures are set for release, alongside earnings from several major firms. The data is expected to play a significant role in shaping the Bank of England’s upcoming interest rate decisions. Among the companies[Read More…]

Download IPFS Investments from the UK into the Philippines reached a record USD 764 million in 2024, according to figures released at the British Chamber of Commerce Philippines (BCCP) Midyear Economic Briefing. The landmark result underlines deepening economic ties as both countries gear up for their 80th anniversary of diplomatic relations in[Read More…]

Download IPFS July marked the strongest monthly gain in UK house prices this year, according to Halifax, with a 0.4% increase in average property values. This outpaced economists’ expectations of a 0.3% rise, indicating continued resilience in the property market despite persistent cost-of-living pressures and recent changes to property tax[Read More…]

Download IPFS The Bank of England has reduced interest rates to 4 per cent, marking the first cut in over a year and offering limited relief to borrowers while reigniting concerns over persistently high inflation. The 0.25 percentage point reduction follows months of economic uncertainty and reflects a divided outlook[Read More…]

Download IPFS More than a dozen historic sites across the UK are set to benefit from a £15 million government investment aimed at preserving local heritage while boosting economic regeneration in communities. Announced this week, the funding will support 13 projects through the Department for Levelling Up, Housing and Communities’[Read More…]

Download IPFS Cardiff University will play a central role in delivering a new £30 million innovation initiative for southeast Wales, supported by the UK Government’s Local Innovation Partnership Fund. The Cardiff Capital Region (CCR) has been named one of ten areas across the country chosen to develop new locally driven[Read More…]

Download IPFS Scotland’s nightlife sector is under mounting pressure from soaring operational costs, disjointed government policy, and weak infrastructure, prompting calls for the appointment of a dedicated ‘nightlife minister’ to steer the industry out of decline. The Night Time Industries Association (NTIA), which represents venues and operators across the UK,[Read More…]