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UK

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UK extends fuel duty cut to ease Iran war inflation squeeze

Bermuda Broadcasting Newsdesk -
The cut of 5 pence per litre had been due to expire in September but the government said it would extend it after the...
News - World

UK rules out mandatory supermarket price caps

Bermuda Broadcasting Newsdesk -
Prime Minister Keir Starmer, facing potential leadership challenges after a heavy local election defeat this month, is pushing departments to shield households from rising...
News - World

UK house prices showed no growth in year to March, ONS says

Bermuda Broadcasting Newsdesk -
It marked the weakest reading since the year to April 2024 International News via Reuters: British house prices were flat in the 12 months to March...
News - World

UK shares edge higher as benign inflation data reassures investors

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index gained 0.13% as of 10:40 am GMT, while the midcap FTSE 250 climbed 0.29% International News via Reuters: UK shares rose...
Finance

Sterling dips after British inflation cools in April

Bermuda Broadcasting Newsdesk -
Sterling was last down 0.07% at $1.3384, not far from a nearly six-week low of $1.3304 that was touched on Friday International News via Reuters: The...
News - World

UK finance ministry presses supermarkets to cap food prices, sources say

Bermuda Broadcasting Newsdesk -
The proposals come as Prime Minister Keir Starmer's government seeks to address an ongoing cost of living crisis and follow a similar move by...
News - World

UK allows diesel and jet fuel imports from Russian crude via sanctions carve-out

Bermuda Broadcasting Newsdesk -
The move follows a similar step by the United States, which on Monday extended a sanctions waiver allowing purchases of Russian seaborne oil to...
Finance

UK’s FTSE 100 ends marginally higher as bond yields resume their rise

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index closed 0.1% higher at 10,330.5 points after rising as much as 0.8% earlier in the day International News via Reuters: UK's...
News - World

BOE weighs alternatives to stablecoin holding limits following industry pushback 

Bermuda Broadcasting Newsdesk -
The BoE had previously said it would cap holding limits at 20,000 pounds ($26,786) per individual and 10 million pounds per business for sterling...
News - World

UK employers cut hiring and post fewer jobs under shadow of Iran war

Bermuda Broadcasting Newsdesk -
Early payroll data from the tax office - often revised sharply around the start of the tax year in April - showed a heavy...
News - World

Britain’s energy price cap to rise 13% in July, Cornwall Insight says

Bermuda Broadcasting Newsdesk -
Energy bills are forecast to rise by 209 pounds ($280) to 1,850 pounds a year for a typical dual-fuel household from July International News via...
Finance

Sterling slips after UK jobs data, politics in focus

Bermuda Broadcasting Newsdesk -
The Office for National Statistics said the jobs drop was the biggest since May 2020, at the start of the COVID-19 pandemic, but stressed...
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