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Top Business Link Magazine News
Bank of England · United KingdomThe Bank of England has held interest rates to “squeeze out persistent inflationary pressures” amid tensions between Israel and Iran risking an alarming uptick in energy prices later this year. Officials said high inflation predictions and sticky wage growth figures had led them to opt for interest rates to be kept at 4.25 per cent while the emergence of a conflict in the Middle East had caused it to “remain vigilant”. See the Story
Bank of England holds interest rates at 4.25 per cent
51% Center coverage: 49 sources
UK Economy · United KingdomThe U.K.’s annual inflation rate hit 3.4% in May, in line with analyst expectations, according to data released by the Office for National Statistics (ONS) on Wednesday. Core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, rose by 3.5% in the year to May, down from 3.8% in the twelve months to April.See the Story
UK inflation hits 3.4% in May, meeting expectations
43% Center coverage: 33 sources
UK Economy · ScunthorpeBritish Steel has secured a five-year contract worth £500m to supply train tracks for Network Rail, in a move which could help safeguard the short-term future of the Scunthorpe steelworks. The company will forge more than 337,000 tonnes of track, securing thousands of jobs, two months after the government used emergency powers to prevent the blast furnaces from immediate closure.See the Story
British Steel secures £500m contract to supply UK train tracks
42% Center coverage: 14 sources
