www.bbc.com UK economy had zero growth between July and September
The downward revision will be a blow to Labour which has made boosting the economy its top priority.
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UK Economy @feddit.uk mannycalavera @feddit.uk UK economy grows by 0.4% in May
www.ft.com UK economy grows at double forecast paceGDP increase of 0.4% in May, official data shows, as sterling rises to highest level in almost a year
Archive link for us cheapskates
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UK Economy @feddit.uk mannycalavera @feddit.uk UK inflation latest: UK inflation falls to 2.3% as energy prices cool - BBC News
www.bbc.co.uk UK inflation falls to 2.3% as energy prices cool"Today marks a major moment for the economy, with inflation back to normal," says Rishi Sunak.
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UK Economy @feddit.uk mannycalavera @feddit.uk 
www.ft.com UK Treasury set for £100mn windfall from nationalised banks’ pension fundsGovernment took over Bradford & Bingley and Northern Rock during 2008 financial crisis
Archive link for us less well off.
The most eye watering paragraph:
The money will make a tiny dent in the government’s debt. Public sector net debt was £2.6tn at the end of September with the interest payable that month at £700mn, according to the Office for National Statistics.
Bugger.... 😞
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UK Economy @feddit.uk ᴇᴍᴘᴇʀᴏʀ 帝 @feddit.uk UK banks shun companies trading with Ukraine
cross-posted from: https://lemmy.zip/post/1518328
Archived version: https://archive.ph/PAblT
Archived version: https://web.archive.org/web/20230816112128/https://www.politico.eu/article/uk-bank-close-accounts-british-smes-trading-with-ukraine/ -
UK Economy @feddit.uk GreatAlbatross @feddit.uk Bank of England raises base-rate to 5%
www.bankofengland.co.uk Bank Rate increased to 5% - June 2023Monetary Policy Summary and minutes of the Monetary Policy Committee meeting
For the 0.5% raise, the measure was voted in 7-2 (2 against advocating for remaining at the current rate).
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UK Economy @feddit.uk Sens @feddit.uk 
uk.investing.com UK net debt passes 100% of GDP for first time since 1961 By ReutersUK net debt passes 100% of GDP for first time since 1961
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UK Economy @feddit.uk Sens @feddit.uk UK CPI Latest May Statistics Show Inflation at 8.7%, Core CPI rose from 6.8% to 7.1%
www.ons.gov.uk Consumer price inflation, UK - Office for National StatisticsPrice indices, percentage changes and weights for the different measures of consumer price inflation.
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UK Economy @feddit.uk DreadPilotGagarin @feddit.uk 
www.theguardian.com UK homeowners face huge rise in payments when fixed-rate mortgages expireMore than 2.4m deals are ending in 2024, raising fears of financial timebomb
More than a quarter of UK homeowners on a fixed-rate mortgage are heading for sharp increase in monthly payments before the next election, in a financial timebomb that will rock the Conservatives just as voters prepare to choose the next government.
With the Bank of England expected to increase its key interest rate next week for the 13th time, figures shared with the Guardian by UK Finance, the banking industry trade body, show more than 2.4m fixed-rate homeowner deals will expire between now and the end of 2024.
The prospect of millions of households facing a dramatic rise in borrowing costs comes after a week of renewed turbulence in financial markets as City traders bet the Bank rate would reach close to 6% before Christmas.
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UK Economy @feddit.uk tom @feddit.uk 
www.bbc.co.uk Average two-year mortgage rate close to 6%Lenders have been increasing the cost of new fixed-rate deals rapidly during a tumultuous week.
Wonder what has caused the sudden rise in the last few months
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UK Economy @feddit.uk Sens @feddit.uk 
uk.investing.com Fewer UK firms expect to raise prices in month ahead - ONS By ReutersFewer UK firms expect to raise prices in month ahead - ONS
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UK Economy @feddit.uk Sens @feddit.uk Energy Update: Cornwall Forecasts Winter Caps Below £2k As Suppliers Mull Fixed Deals
www.forbes.com Energy Update: Customers To Have Choice Of Tariffs With Or Without Standing Charges12 December: Both Options To Be Subject to Price Cap Regime Energy firms will be required to offer tariffs with no standing charges under rules proposed
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UK Economy @feddit.uk LifeBandit666 @feddit.uk 
www.bbc.co.uk Vodafone Three deal to create UK's largest mobile firmThe deal is yet to be approved by regulators, which will look at whether it will push up customer prices.
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UK Economy @feddit.uk LifeBandit666 @feddit.uk 
www.bbc.co.uk UK has no alternative to Bank interest rate rises to calm inflation - HuntChancellor says he "unstintingly" supports the Bank of England to "do what it takes" to cut inflation.
