UK avoids recession as GDP grows by 0.1%

 

Latest figures today from ONS show that UK gross domestic product (GDP) in Quarter 4 (Oct to Dec) 2022 was estimated to have grown by 0.1%.

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Bank of England pushes up base rate to 4.25%

The Bank of England today increased its base rate by 25 basis points from 4% to 4.25% - the highest level for 15 years.

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Consumers show more confidence

Consumer confidence has rebounded to its highest level in a year despite the continuing cost-of-living woes, according to a long-running index.

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Bank of England increases base rate to 4%

The Bank of England today increased its base rate by 50 basis points from 3.5% to 4% - its highest rate since October 2008.

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