house prices

RICS: UK housing market picks up

New data revealed on Thursday that the UK housing market had an optimistic start to 2020 as sales activity picked up. Data from a survey...
house prices

House prices in England decline for first time since 2012

House prices in England declined for the first time since 2012, according to the latest figures from Nationwide (LON:NBS). The UK's largest building society said...
Bank of England

Bank of England opt to hold interest rates amid Brexit uncertainty

The Bank of England (BoE) have opted to hold interest rate at 0.75% amid continued Brexit uncertainty. The central bank's monetary policy committee (MPS) unanimously...
Bank of England

Bank of England warns no-deal Brexit could plunge UK into recession

The Bank of England (BoE) downgraded its economic outlook for the UK, as uncertainty relating to Brexit continues. The bank's monetary policy committee (MPC) voted...
car sales

UK car sales slide at steepest rate since 2008

UK car sales fell by almost 7% last year, marking the biggest annual fall since the financial crisis. Figures from the Society of Motor Manufacturers...
Inflation

UK Inflation falls to lowest level since March 2017

UK inflation eased to 2.3% in November, marking the lowest level since March 2017. According to the latest figures from the Office for National Statistics...
mark carney

Carney’s latest Brexit warning: food prices could rise by 10%

Mark Carney has made his latest Brexit warning today and has said that food prices could rise by between 5% and 10% in the event...
Eurozone

Eurozone Inflation hits six-year high

Eurozone inflation hit six-year highs in October, with the spike largely caused by rising energy prices. Eurostat, the European Union's statistics office said the bloc's inflation...
cold war

European Commission rejects Italy’s budget

The European Commission has rejected Italy’s budget.  The dismissal has been the EU's first ever rejection of a country’s draft budget proposal and is likely to...
inflation

UK inflation falls to 2.4pc

UK inflation dropped more than expected in September, driven by lower food prices. Despite hitting a six-month high in August, the Office for National Statistics found inflation...
UK economy

UK economy fails to grow in August

The UK economy failed to grow in August according to the Office for National Statistics (ONS), despite predictions of 1.0 percent growth from Economists. Nevertheless,...
public finances

UK public finances ranked among the worst globally, says IMF

UK public finances have been ranked among the worst globally, according to an assessment of government assets and liabilities by the International Monetary Fund...
Phillip Hammond Cyber Security

CBI calls on Hammond for £2bn business boost

The CBI has called on Phillip Hammond to use the budget to prepare companies for trading post-Brexit.  The employers’ organisation has demanded from the chancellor to allow a £2...
UK unemployment

Unemployment in US falls to lowest rate since 1969

The US unemployment rate has fallen to the lowest rate since December 1969. New figures from the Department of Labor revealed the jobless rate to fall to...
brexit

No-deal Brexit could cost food & drink sector £9.3bn

A no-deal Brexit could cost the food and drink industry up to £9.3 billion, a new survey suggests. Research by Barclays has suggested that crashing out of...
retail sales

UK retail sales beat forecasts in August

UK retail sales have smashed forecasts, rising by 0.3 percent in August. The Office for National Statistics announced a rise in retail sales, beating forecasts...
Inflation

UK inflation hits 2.7pc, sterling rises

The UK inflation rate has hit a six-month high of 2.7 percent. The rise was unexpected as economists predicted a Consumer Prices Index rate of 2.4...
imf

IMF: no-deal Brexit will result in “significantly worse outcome”

The International Monetary Fund (IMF) has warned on the effects that a no-deal Brexit would have on the UK economy. Christine Lagarde, the IMF's managing director,...
mark carney

Carney to stay on at BoE to ensure a smooth Brexit

Mark Carney will remain as the Bank of England's governor until 2020, allowing the governor to see the UK through Brexit. Phillip Hammond made the...

Pound jumps on Barnier’s Brexit optimism

The pound rose one percent against the dollar on Monday following Michel Barnier's comments that a Brexit deal was possible within the next eight weeks.  Barnier...