Pan Pylas, The Associated Press

Pan Pylas is a reporter with The Associated Press,  an American not-for-profit news agency headquartered in New York City and founded in 1846.

Recession ends in the U.K.

While the British economy grew by 0.6% in the first quarter, it has barely grown over the past year

By Pan Pylas, The Associated Press |May 10, 2024

2 min read

U.K. inflation falls to lowest level since late 2021

Easing prices, including for food, pave the way for a welcome cut in interest rates soon

By Pan Pylas, The Associated Press |April 17, 2024

2 min read

U.K. inflation falls by more than expected in February

With the cost-of-living crisis abating, the Bank of England expected to start cutting interest rates soon

By Pan Pylas, The Associated Press |March 20, 2024

3 min read

U.K. fell into recession at the end of 2023

Official figures were released as economy takes centre stage in runup to general election

By Pan Pylas, The Associated Press |February 15, 2024

3 min read

U.K. inflation holds steady at 4%

Lower food prices help offset higher energy costs

By Pan Pylas, The Associated Press |February 14, 2024

2 min read

Bank of England is edging toward interest rate cuts — but not quite yet

U.K.'s central bank kept its main interest rate at a near 16-year high of 5.25% on Thursday

By Pan Pylas, The Associated Press |February 1, 2024

3 min read

Speculation ramps up for U.K. rate cut as inflation falls

Drop to two-year low of 3.9% in November was bigger than anticipated in financial markets

By Pan Pylas, The Associated Press |December 20, 2023

2 min read

BoE holds interest rates at 15-year high despite worries about the economy

Monetary policy to remain "restrictive for an extended period of time," the Bank of England governor said

By Pan Pylas, The Associated Press |December 14, 2023

3 min read

British economy flatlines in third quarter of the year

Quarterly outcome was nevertheless slightly ahead of analysts' expectations for a modest decline in output

By Pan Pylas, The Associated Press |November 10, 2023

2 min read