LONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday, ramping up market expectations for a Bank of England rate cut in November. Economists polled by Reuters had expected the headline rate to come in at a higher 1.9% for the...
UK economy returns to growth as Labour tees up all-important budget
Alexander Spatari | Moment | Getty Images LONDON — The U.K. economy returned to growth in August following two consecutive months of stagnation, providing a slight boost as the Labour government prepares to deliver its first budget later this month. The economy grew 0.2% on a month-on-month basis, flash...
Wholesale prices were flat in September, below expectations
A measure of wholesale prices showed no change in September, pointing to a continued easing in inflation, the Labor Department reported Friday. The producer price index, which measures what producers get for their goods and services, was flat for the month and up 1.8% from a year ago. Economists...
French budget surprises with focus on tax hikes as analysts warn of ratings downgrades
France's newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cuts, as analysts warned the package may not be enough to stave off ratings downgrades for the economy. The 2025 budget features a greater focus on tax-raising measures than...