Suban Abdulla

Leeds, London, United Kingdom, West Midlands

UK Correspondent at Reuters

UK Correspondent @Reuters Please do get in touch for stories, tips, notes. RT/likes ≠ endorsement. Opinions own.

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Articles

UK jobs market cools further, offering some relief to Bank of England

1 day ago | msn.com | William Schomberg |Suban Abdulla

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UK jobs market cools further, offering some relief to Bank of England

1 day ago | ca.marketscreener.com | William Schomberg |Suban Abdulla

LONDON (Reuters) -Britain's jobs market cooled again last month, according to data that showed the impact of a tax hike on employers and Donald Trump's trade tariffs but is likely to give some reassurance to the Bank of England that inflation pressures are waning. Provisional tax office figures published on Tuesday showed the number of employees fell by almost 33,000 in April after a 47,000 drop in March.
UK jobs market cools, offering some relief to Bank of England

1 day ago | kelo.com | William Schomberg |Suban Abdulla

By William Schomberg and Suban AbdullaLONDON (Reuters) -Britain’s jobs market showed further signs of a slowdown as employment fell and growth in wages cooled, according to official data published on Tuesday that is likely to reassure the Bank of England that inflation pressures are waning. Economists said the figures reflected concerns among employers about a tax increase imposed on them by finance minister Rachel Reeves and over U.S. President Donald Trump’s trade war.
Bank of England cuts rates in split decision before US tariff deal

5 days ago | uk.marketscreener.com | David Milliken |Suban Abdulla |William Schomberg

(Corrects breakdown of tariff impact in paragraph 18 of May 8 article to show two-thirds of impact is due to the direct effect of tariffs on demand for UK imports rather than because of weaker global growth) LONDON (Reuters) -The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations that it might speed up future moves.
Bank of England cuts rates to 4.25% as it sees tariff hit to growth

6 days ago | reuters.com | David Milliken |Suban Abdulla |William Schomberg

Bank of England cuts main interest rate to 4.25%Policymaker vote unexpectedly split three waysSees tariffs weighing on growth, pushing down on inflationFollow Reuters Live for latest developmentsLONDON, May 8 (Reuters) - The Bank of England cut interest rates on Thursday, although the uncertain impact of U.S. President Donald Trump's tariffs on economic growth brought a surprise three-way split among policymakers.
BoE cuts rates to 4.25pc as it sees tariff hit to growth

6 days ago | afr.com | David Milliken |Suban Abdulla |William Schomberg

David Milliken, Suban Abdulla and William SchombergMay 8, 2025 – 10.25pm or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? London | The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way split among policymakers as US President Donald Trump’s tariffs weigh on global economic growth.
Bank of England cuts rates in split decision before US tariff deal

6 days ago | ca.marketscreener.com | David Milliken |Suban Abdulla |William Schomberg

LONDON (Reuters) -The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations that it might speed up future moves. The BoE's rate-setters voted 5-4 in favour of cutting borrowing costs by quarter of a percentage point to 4.25%. Two Monetary Policy Committee members, Swati Dhingra and Alan Taylor, voted for a bigger half-point cut.
UK Services Sector Contracts at Steepest Pace since 2023, PMI

1 week ago | gurutrade.com | Suban Abdulla |William Schomberg |Toby Chopra

LONDON, May 6 (Reuters) - Britain's services sector, accounting for much of the economy, shrank in April for the first time since October 2023 and at the fastest pace in more than two years, according to a survey that showed U.S. tariff turmoil is hammering exports and sentiment.
UK Net Mortgage Lending Surged by most since 2021 ahead of Tax Break Expiry

1 week ago | gurutrade.com | Suban Abdulla |William Schomberg

LONDON, May 1 (Reuters) - Net mortgage borrowing by British homebuyers jumped by the most in nearly four years in March before the end of a tax break on some property purchases, Bank of England data showed on Thursday. Net mortgage borrowing rose by 12.963 billion pounds ($17.27 billion) in March, up from 3.303 billion pounds in February, the highest since June 2021 during the coronavirus pandemic which prompted a surge in the property market.
UK Boss Confidence Soars After Trump Tariff Reversal – Archyde

1 week ago | archyde.com | Suban Abdulla |William Schomberg

LONDON – A recent survey indicates that British business leaders are feeling more optimistic about the UK economy than they have as before Finance Minister Rachel Reeves’ autumn budget. The shift in sentiment is largely attributed to a temporary pause in tariffs imposed by U.S. President Donald Trump, which appears to be alleviating some economic uncertainties.