Download IPFS Since Brexit, British consumers have increasingly shifted their spending on luxury goods away from London’s prestigious stores to European cities such as Paris and Milan. This change reflects a growing trend of UK shoppers taking advantage of VAT-free shopping across the European Union, which has had a notable[Read More…]

Download IPFS Interest rates in the United Kingdom may not fall as quickly or as sharply as previously expected, according to Bank of England Chief Economist Huw Pill. The warning comes amid signs that inflation could rise again in the coming months. The Bank’s Monetary Policy Committee (MPC) voted on[Read More…]

Download IPFS British stocks dipped slightly on Friday following the Bank of England’s (BoE) recent interest rate announcement, which raised concerns over inflation and the future of monetary policy. The blue-chip FTSE 100 and the domestically focused FTSE 250 indices both fell by 0.1% in early trading as investors digested[Read More…]

Download IPFS Rolls-Royce has announced plans to scale up its aerospace and defence operations in India, aligning with the newly implemented India-UK Comprehensive Economic and Trade Agreement (CETA) and the bilateral Defence Industrial Roadmap. The British engineering giant will explore the establishment of a Maintenance, Repair and Overhaul (MRO) facility[Read More…]

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…]