E-PaperBritish Economy News
Bank of England seen hiking rates just once in 2018
The Bank of England has stressed that it would follow a limited and gradual path away from record-low interest rates since at least 2014
2 min read17 Apr 2018Moody’s downgrades UK’s rating to Aa2 on Brexit, growth fears
Moody's downgraded Britain's credit rating, saying the govt's plans to bring down its heavy debt load had been knocked off course and Brexit would weigh on the economy
3 min read23 Sep 2017British pound hits 11-week low on persistent hard Brexit uncertainty
The pound posted its worst day in three months after Prime Minister Theresa May said she was not interested in keeping 'bits' of its EU membership
2 min read11 Jan 2017Top bankers warn of risk of 2017 exodus from Britain
Top bankers say they could start moving staff abroad as early as next year if there is no clarity on whether Britain will retain access to the European single market when it leaves the EU
2 min read11 Oct 2016Bank of England cuts rates for first time since 2009, restarts bond purchases
Bank of England lowered its main lending rate to a record-low of 0.25% from 0.5%
3 min read4 Aug 2016UK faces ‘major negative shock’ if leaves EU: OECD
OECD says British economy would suffer a 'major negative shock' and be 3% smaller by 2020 if it left the EU than if it stayed in, rising to 5% by 2030
1 min read27 Apr 2016Tony Blair criticises David Cameron over ‘chaos’ of Tory EU exit vote plan
Labour sees opposing the Tory promise of a referendum by 2017 as one of its strongest economic appeals
2 min read7 Apr 2015BoE governor King warns of euro risk to British recovery
Bank of England governor Mervyn King calls for a ‘credible medium term plan’ to get the economy back on track
1 min read19 May 2013Gordon Brown may have found the way forward
Gordon Brown may have found the way forward
3 min read14 Oct 2008Immigration has benefited British economy, says new report
Immigration has benefited British economy, says new report
1 min read24 Apr 2008Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared