Eshe Nelson
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European Central Bank Raises Rates Half a Point, Moderating Its Pace
But the bank warned that interest rates would “still have to rise significantly” to tame inflation.
Bank of England Raises Rates by Half a Point to Curb Inflation
The central bank moderated the pace of increases while Britain braces for a prolonged recession.
U.K. Inflation Rate Slows to 10.7 Percent
Helped by an easing of price increases for fuel and other goods, the rate of inflation in November edged down from a 41-year high.
U.K. Braces for Strikes Across Several Industries Through Christmas
Job actions by ambulance staff, nurses, rail workers and others will hit Britain every day between now and Dec. 25.
A New Source of Economic Anxiety in Britain: Soaring Mortgage Rates
After more than a decade of ultralow interest rates, millions of British households suddenly face large jumps in their monthly payments, rocking the nation’s already...
Bank of England Is Set to Raise Rates After U.K. Political Turmoil
An increase of three-quarters of a point is expected as the central bank meets on Thursday for the first time since Liz Truss resigned as...
European Central Bank Is Set to Raise Interest Rates Again
Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”
Rishi Sunak, New UK Prime Minister, Delays Economic Plan
Mr. Sunak’s government, seeking more time to make the “right decisions,” will deliver its first economic plan on Nov. 17 instead of Monday.
After a Storm, Britain’s Economy Finds Itself Rudderless
The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth.
U.K. Markets Waver as Liz Truss Steps Aside
The British pound edged higher and bond prices were mixed as Britain entered another phase of political instability.