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Grocery inflation in the United Kingdom reaches a record high of 17.1%, according to market research group Kantar Worldpanel, amid high levels of inflation, supply chain issues and high energy costs impacting the economy.
2023-02-28

Chancellor of the Exchequer Jeremy Hunt delivers the delayed autumn statement to parliament, announcing measures to stabilize the economy amid a cost of living crisis, including raising the National Living Wage from £9.50 an hour to £10.42 beginning next year, increasing pensions and welfare payments in line with rising inflation, introducing a higher rate windfall tax on the profits of energy firms, introducing a new "temporary tax" on companies that generate electricity, and capping rent increases in the social sector to 7% until 2024.
2022-11-17

Inflation in the United Kingdom reaches a record 11.1%, pressuring the Bank of England to raise interest rates.
2022-11-16

Inflation in the Netherlands increases to 17% amid a substantial increase in energy and fuel prices.
2022-09-30

The Bank of England buys 65 billion pounds of bonds in a bid to stabilise the UK economy.
2022-09-28

A report reveals that 2017 saw over ten thousand new businesses in the technology sector throughout the United Kingdom, with all areas seeing growth over 2016. Scotland saw a 77% increase with 440 new firms.
2018-04-6

The U.K. Chancellor of the Exchequer asks the Bank of England whether it needs more power. The central bank's Financial Policy Committee will study the question.
2013-11-26

Mark Carney, current Governor of the Bank of Canada, is named as the next Governor of the Bank of England. He will take up the position when current Governor Mervyn King steps down in June 2013.
2012-11-26

The Bank of England says it expects inflation to reach 5% this year, due to higher fuel bills that could rise by up to 15%, and revises down its growth projection for the UK economy.
2011-05-11

The Bank of England's governor Mervyn King admits the economy will not grow very much and inflation will stay higher for longer in the UK, describing as a "choppy recovery" being ahead over the next two years.
2010-08-11