Irina Anghel

5 days ago | bloomberg.com | Irina Anghel

Homes in London. Photographer: Hollie Adams/Bloomberg(Bloomberg) -- UK house prices unexpectedly rose in May, in a sign that demand for housing remains resilient following the expiry of a tax break for buyers, according to one of Britain’s largest mortgage lenders. The average value of a home rose 0.5% to £273,427 ($369,240), increasing at the fastest pace this year and reversing April’s 0.6% decline, Nationwide Building Society said Monday. Economists expected prices to remain flat.

1 week ago | fortune.com | Philip Aldrick |Tom Rees |Irina Anghel |Francine Lacqua

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1 week ago | bloomberg.com | Irina Anghel

(Bloomberg) -- A gauge of UK business confidence rose to a nine-month high, climbing back to a level not seen since soon after Prime Minister Keir Starmer first took power, as markets rebounded and trade tensions eased with the US.  The Lloyds Business Barometer sentiment gauge rose to 50 in May, the highest since August, according to a survey released Friday.

1 week ago | news.bloombergtax.com | Philip Aldrick |Tom Rees |Irina Anghel

Bank of England Governor Andrew Bailey has urged the government to strike a deeper trade deal with the European Union to improve growth and “minimize negative effects” of Brexit. In the text of a speech to be delivered at the Irish Association of Investment Managers in Dublin later Thursday, Bailey said “the evidence on Brexit suggests that the changing trade relationship has weighed” on the UK economy by putting up barriers and hampering productivity.

1 week ago | bloomberg.com | Philip Aldrick |Tom Rees |Irina Anghel |Francine Lacqua

Andrew Bailey, governor of the Bank of England (BOE), at the Monetary Policy Report news conference at the bank's headquarters in the City of London, UK, on Thursday, May 8, 2025. The Bank of England cut interest rates by a quarter point to 4.25% as Donald Trump’s global trade war weighs on UK growth, in a decision that split senior officials into three groups and was made before the US President hinted at an imminent deal to lower tariffs on British exports.