Download IPFS Up to 170,000 people in Northern Ireland are expected to benefit from a new UK Government pay initiative aimed at eliminating age-based disparities in the National Minimum Wage. The move is part of a broader plan to introduce a single adult wage band, ensuring equal pay for equal[Read More…]

Download IPFS Economists are calling on the Bank of England to cut interest rates six times over the next 12 months to stimulate Britain’s weakening economy. Projections from analysts at Capital Economics suggest that the central bank, under the leadership of Governor Andrew Bailey, may need to reduce the base[Read More…]

Download IPFS Britain’s manufacturing sector showed signs of improvement in July, with business confidence reaching its highest level in five months, according to the latest S&P Global/CIPS Purchasing Managers’ Index (PMI) report. The index rose to 48.0 in July from 47.7 in June, marking the slowest pace of contraction since[Read More…]

Download IPFS British pork exporters are set to benefit from a major trade breakthrough after securing access to the Mexican market under a new zero-tariff agreement. The Department for Environment, Food and Rural Affairs (Defra) announced that the deal is expected to be worth at least £19 million over the[Read More…]

Download IPFS Britain’s decision to leave the European Union continues to weigh heavily on the UK economy, nearly a decade after the 2016 referendum. Though the country avoided a short-term crash, long-term effects are now becoming increasingly evident. In the immediate aftermath of the vote, predictions of an economic collapse[Read More…]

Download IPFS The Bank of England is expected to cut interest rates this Thursday, as a slowing economy, rising inflation, and weaker job figures pile pressure on the central bank to ease financial conditions. The Monetary Policy Committee is widely forecast to lower the base rate by 25 basis points[Read More…]

Download IPFS South West, United Kingdom, 4 August 2025Business confidence in the South West declined in July, despite firms continuing to prioritise expansion and investment, according to the latest figures from Lloyds Bank’s Business Barometer. Confidence among firms in the region fell by eight points to 44%, with a more[Read More…]

Download IPFS Scotland’s economy has come under renewed pressure following the release of figures highlighting a contraction in output, with the shutdown of oil refining at the Grangemouth site emerging as a key factor. According to official data from the Scottish Government, gross domestic product (GDP) in May declined notably,[Read More…]

Download IPFS A renewed free trade agreement between the United Kingdom and Türkiye is shaping up to be a modern example of bilateral economic cooperation, according to British trade official Kenan Poleo. Poleo, the British consul general in Istanbul and UK trade commissioner for Eastern Europe and Central Asia, confirmed[Read More…]

Download IPFS LONDON, One year after the Bank of England (BoE) began reducing interest rates, the financial burden on British households continues to grow, with savings returns falling and mortgage costs remaining stubbornly high. An analysis of official BoE data by Bloomberg shows that households are, in total, £11 billion[Read More…]