Tom Rees

(Dec 22): British consumers put away less in savings in the third quarter (3Q), as their incomes were squeezed by a £6 billion (RM32.68 billion) rise in taxes. The share of disposable incomes saved by consumers slipped to 9.5% in the three months through ... See more

Artificial intelligence is likely to displace British workers even as it makes the country more productive, Bank of England Governor Andrew Bailey said in his most stark warning yet on the technology’s impact. Bailey said on Friday that the UK needed to p... See more

Bloomberg — El Banco de Inglaterra recortó las tasas de interés al nivel más bajo en casi tres años en un impulso prenavideño para los hogares británicos, y sugirió que la inflación se está enfriando lo suficiente como para que flexibilice aún más la polí... See more

(Dec 17): UK inflation slipped to its lowest level in eight months, a bigger than expected drop that clears the path to an interest-rate cut at the Bank of England (BOE) on Thursday. Consumer prices rose just 3.2% in November after a 3.6% increase the pre... See more

(Dec 2): The Bank of England (BOE) warned that a multi-trillion-dollar spending boom in artificial intelligence (AI) infrastructure financed by debt risks unravelling given “materially stretched” stock market valuations. The UK central bank said on Tuesda... See more