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…]