It is also the first time the target has been lowered since it was cut to "around 5%" in 2023. Source link

The average rate on a five-year fixed mortgage has dropped below 5% for the first time since May 2023, as the cost of borrowing continues to fall steadily.The average ...

Simon JackBusiness editorGetty ImagesBritish car and van production in the first half of this year has hit its lowest level since 1953, excluding the industry shutdown during Covid.Car output ...

The backlog in routine hospital treatments in England has reached its lowest level for two years.Data for the end of April showed the waiting list dropped to 7.39 million, ...

Imran Rahman-JonesBusiness reporterGetty ImagesThe number of vehicles manufactured in the UK fell sharply last month, as US tariffs and the timing of Easter hit production.The 59,203 vehicles made was ...

Guy LambertCulture reporterPA MediaA former aide to the Prince of Wales has said the royal was at his "lowest" after the Princess of Wales was diagnosed with cancer.In an ...

Andrew Cooper, Butterfly ConservationThe small tortoiseshell butterfly has suffered its worst year on record in the countA wildlife charity has declared a national “butterfly emergency” after its annual Big ...

Inflation in the US continued to cool last month, official figures showed, raising confidence that the US central bank will cut interest rates next week.Consumer prices rose 2.5% over ...

Just 24% of Britons say they are satisfied, citing waiting times and lack of staff as key concerns. Source link

"Today's... number was a relief for the market, as the data met expectations, confirmed the dis-inflationary trend, and re-affirmed current market pricing of a Fed pause tomorrow," she said. ...

Banknote-maker De La Rue says demand for banknotes has fallen globally since the pandemic. Source link

Borrowing falls sharply but more mortgage applications are being approved, says Bank of England Source link