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This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...
Some blame the lax regulation of lenders and policy-driven inflationary pressures (the 'Barber Boom', named after Chancellor of the Exchequer Anthony Barber), which failed in its target of lowering the high unemployment rate. A sudden tightening of credit (interest rates were raised to 13% in October 1973) was laid at the feet of the Bank of ...
The Bank of England cut its main interest rate by a quarter of a percentage point to 4.75% on Thursday after inflation across the U.K. fell significantly, relieving some pressure on borrowers who ...
On 8 October 2008 there was a strategic and co-ordinated global effort by seven central banks to calm the financial crisis, by cutting interest rates by 0.5%. The banks were all members of the OECD and included the Bank of England, the European Central Bank and the US Federal Reserve along with central banks in China, Switzerland, Canada and ...
The Bank of England raised interest rates to 5.25 per cent last year, taking them to their highest rates since before the great financial crisis of 2007-8. It then cut lending rates to 5 per cent ...
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday, even though inflation remains above its target. Most economists think the nine-member ...
The earliest cities (Latin: civitas) in Britain were the fortified settlements organised by the Romans as capitals of the Celtic tribes under Roman rule.The British clerics of the early Middle Ages later preserved a traditional list of the "28 Cities" (Old Welsh: cair) which was mentioned in De Excidio Britanniae [c] and Historia Brittonum.
The Bank of England has held interest rates at 4.75% as it cautioned over “heightened uncertainty in the economy” following the UK Budget and US presidential election.