Bank of England warns Brexit will have ‘negative impact on UK economy for foreseeable’
The bank governor warned that leaving the EU will "negatively impact" the UK economy for "the foreseeable".
economy
Gold prices shatter record as investors in ‘full-blown panic’ pour into precious metals
Gold prices have been climbing as investors seeking a "safe haven" for their money have poured into the precious metal, driving up its value
Massive mortgage hikes loom as experts issue warning over Rachel Reeves’s ‘doom budget’
Reports suggest Ms Reeves is considering a range of measures to raise revenue without breaking Labour's pledge not to increase income tax, VAT or National Insurance.
Rachel Reeves handed dire property tax warning over ‘wealth exodus’ fears
Critics argue hikes to capital gains tax risk punishing long-term savers and destabilising the housing market rather than raising sustainable revenue.
Rachel Reeves disaster as insolvency expert issues dire 5-word debt warning
Analysts have noted that bankruptcy rates have dipped only because many struggling households cannot even afford the court fees associated with going bust.
Rachel Reeves in crisis as UK economy grows by just 0.3%
The latest data will be come as a bitter disappointment compared with the first quarter, which saw growth of 0.7%. Posting on X, Rachel Reeves said: "I know there is more to do to deliver an economy that works for working people."
The world’s weakest currency – £1 is worth a whopping 120,900
The country has a service-based economy, with the major sectors being metal products, banking, agriculture, chemicals, and transport equipment.
