Eshe Nelson
Posts
Bank of England Raises Interest Rates to 2.25%
The central bank is fighting to tame inflation in Britain, which is running near its fastest pace in decades.
U.K. Cuts Energy Bills for Companies Through Winter
After freezing energy bills for households, the British government said it would “stop businesses collapsing” by limiting an expected rise in the price of electricity...
Russia Cuts Interest Rates Again, Citing Weak Consumer Demand
The bank reduced its key rate by half of a percentage point, to 7.5 percent. Last spring, the rate was 20 percent.
Britain’s Spending and Tax Cut Plans Worry Investors in Its Debt
Simultaneous declines in bonds, stocks and the pound could set the stage for rising borrowing costs and persistent inflation.
Britain’s Inflation Rate Slows Slightly to 9.9 Percent
But prices are still rising at about the fastest pace in 40 years and an increase in core inflation will keep the pressure on the...
Britain’s pound wavers on reports of relief from energy bills.
But analysts warn that investor confidence in Britain is waning as British assets have slumped.
Britain’s Pound Wavers on Reports of Relief From Energy Bills
But analysts warn that investor confidence in Britain is waning as British assets have slumped.
Markets Slip as Britain Gets a New Prime Minister and Energy Worries Grow
Liz Truss, the Conservative Party’s choice, will face a falling British pound and myriad economic troubles.
Britain’s Pubs Are Threatened by ‘Alarming’ Rise in Energy Bills
Businesses have fewer protections than residential users against higher electricity and gas costs, and industry groups warn of widespread closings this winter.