The Bank of England’s governor, Mark Carney, believes the UK’s financial sector could double in size to be 20 times as big as GDP within the next 25 years.
The Bank of England’s Super Thursday meeting takes place today.
The British government is set to say it will escalate the funding it provides to startups to allow them to flourish once the UK leaves the European Union.
UK earnings are at one of their lowest levels in three years after inflation climbs to highs of 2.9 percent.
Britain’s annual inflation rate climbed to 2.9 per cent in May – the highest level since June 2013 — and catching economists off guard.
As the dust settles from last week’s general election, UK businesses have raised concerns over what a hung parliament could mean for the country.
The UK economy will slow next year as a planned so-called hard Brexit and uncertainty around negotiations takes its toll on growth and confidence, the Organisation for Economic Cooperation and Development has predicted.
The UK’s economy has slowed more than expected in the first months of 2017 according to the Office for National Statistics (ONS).
Before the UK referendum on the European Union took place in June last year, the economic predictions were bleak.
The UK is no longer the fastest-growing major advanced economy following the publication of revised figures from the Office for National Statistics (ONS).
Donald Trump’s reign as US president has been good for the UK economy, according to one the the UK’s top central bankers.