The interest rate in the 20 Eurozone countries has been hiked to a more than 20-year high. The European Central Bank has increased its benchmark rate to 3.5%, up 0.25 percentage points, making borrowing more expensive as it said inflation has been “too high for too long”. Rates will continue to increased, the ECB signalled. […]
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UK growth confirms recession avoided in 2022
The UK economy performed better than previously estimated at the end of last year, revised official figures show. It was previously thought the economy had not grown in the last three months of 2022, but new Office for National Statistics data shows it grew by 0.1%. The latest figures confirm that the UK economy avoided […]
View PostUK accepted into Indo-Pacific trade bloc in biggest trade deal since Brexit
The UK has been accepted into an Indo-Pacific trade bloc in what the government says is its biggest trade deal since Brexit. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between 11 countries across the Indo-Pacific, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and […]
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