GRIM economic figures have suggested the UK economy is teetering on the brink of a sharp recession as higher interest rates dent business activity. A closely watched survey of manufacturers and the…
However, these recession warnings have shocked economists, and traders are now betting interest rates will peak at 5.5 per cent.
Analysts at Pantheon Economics said that the weak PMI data “should convince the Bank to stop” raising rates.Simon French, chief economist at Panmure Gordon, said: “The loss of momentum in the latest activity data really matters for UK borrowers.“This will be reflected in the borrowing rates offered by high street banks.
reported that overall sales in Europe had grown by over 14 per cent in the past year, with its “buy now, pay later” policy accounting for a third of all transactions.This summer Klarna announced a partnership with Peppa Pig World’s owner, Paultons theme park. The partnership allows visitors to pay for tickets over 30 days or split their purchases into three-month, interest-free instalments — helping to lower the upfront cost of a day at the attraction in Romsey, near
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