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37749602 - big ben, london

Inflation was 4% in December, up from 3.9% the month before, the first increase in 10 months

U.K. compass points to inflation

Expectations of higher borrowing rates are having a knock-on effect across lending markets

Big Ben, Westminster Bridge on River Thames in London, the UK. English symbol. Lovely puffy clouds, sunny day

No recession but output dropped in several sectors affected by strikes

U.K. compass points to inflation

Food prices jumped 19.2% in the 12 months through February, according to the Office for National Statistics

big ben, bridge, river, london

Britain dodged two consecutive shrinking quarters, GDP grew 0.4% in 2022

Big Ben, Westminster Bridge on River Thames in London, the UK. English symbol. Lovely puffy clouds, sunny day

Deutsche Bank forecasts Bank of England’s 2% target reachable in 2024

The facade of the Royal Exchange in the City of London

The bank is projecting economic growth of 7.25% for the U.K. in 2021

Block Chain word with icons as vector illustration

The new currency would exist alongside cash and bank deposits

Big Ben, Westminster Bridge on River Thames in London, the UK. English symbol. Lovely puffy clouds, sunny day

British economy nearly 10% smaller than in 2019

edinburgh scotland

Monthly data indicated the economy began to bounce back in June