bank of england

Bank of England may consider rate hike after ONS data error

The Bank of England has come under further pressure to increase interest rates, after the Office for National Statistics admitted it had made a...
cars

Car sales expected to fall to lowest level in six years

Car sales are expected to fall for the first time since 2011 this year, after dropping by 9.3 percent in September. Sales totalled just 426,170...
cars

Slide in UK car sales cause “considerable concern”

New figures have shown new car sales in the UK have fallen for the seventh month in a row - causing "considerable concern". Figures from the...
services

UK services sector picks up, on track for 0.3pc growth rate

The UK's service sector picked up marginally in September, expanding at a "modest pace" as Brexit concern continues to have an effect. The Markit/CIPS purchasing managers'...
Gender Pay Gap

Gender Pay Gap at 15 percent, says OECD

Women in developed countries are still being paid 15 percent less than their male counterparts, according to the Organisation for Economic Cooperation and Development (OECD). The latest...
The Bank of England

Bank of England Governor signals ‘relatively near term’ rate hike

Mary Carney, The Bank of England Governor, has given another indicator that interest rates could rise in the coming months, despite continued pressure on...
May

Currencies volatile and stock markets flat ahead of May’s Florence speech

The pound traded up early on Friday morning ahead of Theresa may's highly anticipated speech in Florence, which may be set to outline a...
UK Retail

UK retail figures unexpectedly up 1 percent for August, says ONS

UK retail sale figures rose unexpectedly for August, after official data revealed consumer spending had grown in spite of inflation. The Office of National Statistics...
mark carney

Mark Carney: post-Brexit fall in migration could push up inflation

Bank of England governor, Mark Carney, has warned that the fall in migrants following Brexit could lead to a push-up in wages and a spike...
inflation

Inflation hits highest level in over five years – ONS

The UK's inflation rate hit its joint highest level in more than five years in August, driven by rising clothing and petrol prices. UK inflation...
European Central Bank

What can we expect from the European Central Bank meeting?

With the European Central Bank (ECB) meeting in Frankfurt looming, investors are intent on uncovering any indication of what lies ahead. Specifically, the ECB’s €2.3...

Car sales fall for the fifth consecutive month

August saw the sale of new cars fall for the fifth consecutive row, the biggest stretch in sales decline since 2011. According to the Society...
OOIL

Petrol prices set to soar following Hurricane Harvey

The RAC has warned that there could be an increase in UK petrol prices as a result of Hurricane Harvey. One litre of unleaded petrol...
provident

Pound slumps to 8 year low against Euro

The pound has slumped to an eight year low against the euro after the euro was boosted by strong economic data and the pound continues...

UK tourism hits record figures as sterling falls

The second quarter of 2017 saw a record number of tourists in Britain, according to the Office for National Statistics. The recent report showed that 10.75 million...
retail sales

Retail sales fall in July as shoppers stick to bare necessities

British retail sales dipped in July as a disappointing summer expanded to the high street, according to the latest figures from the Office for...
unemployment

UK unemployment rate falls to lowest level since 1975

The UK unemployment rate fell to its lowest level in over 35 years in the three months to June, falling by 57,000. Official figures from...
First Group

Rail fares to increase by 3.6pc

UK rail fares are set to increase by 3.6 percent from January - the biggest increase in five years. The government's increase in rail fares is...
japan

Japan’s economic growth hits annualised rate of 4pc

Japan released strong economic growth data on Tuesday, the latest in a series of figure suggesting that the country's economy is finally beginning to pick...
Lloyds Bank

UK wealth exceeds £10tn, sparking further debate over inequality

The UK's total wealth jumped once again in 2016, underlining recent concerns about the increasing gap between the rich and poor in Britain. According to...