Business NEWS

UK manufacturers see export boost from weaker pound

UK manufacturers saw a rise in output and orders over the last quarter, with a significant increase in exports due to the weaker pound, according to a new report from the CBI. The … Continue reading “UK manufacturers see export boost from weaker pound”


No change in UK retail sales for September

Retail sales remained flat in September, according to figures released by the Office for National Statistics (ONS) on Thursday. Sales volumes increased by 4.1% compared with September 2015, but were unchanged compared with … Continue reading “No change in UK retail sales for September”


Poorer households set to lose £100/year as UK inflation jumps to 1%

Rising prices for clothing, hotel stays and motor fuels contributed to an increase in the UK’s inflation rate last month, the Office for National Statistics (ONS) said on Tuesday. The Consumer Prices Index … Continue reading “Poorer households set to lose £100/year as UK inflation jumps to 1%”


UK industrial output declines while trade deficit widens

Industrial production in the UK fell by 0.4% between July and August, the Office for National Statistics (ONS) said on Friday. Its latest report – the second based on data after EU referendum … Continue reading “UK industrial output declines while trade deficit widens”


Business leaders object to proposed crackdown on foreign workers

Business groups reacted angrily this week to reports of a crackdown on foreign workers in the UK. Home Secretary Amber Rudd told the Conservative Party conference that a tightening of immigration rules would … Continue reading “Business leaders object to proposed crackdown on foreign workers”


UK construction sector returns to growth

Construction firms across the UK saw an upturn in business activity last month, according to figures released on Tuesday. The Markit/CIPS survey of purchasing managers in the construction industry showed that business activity … Continue reading “UK construction sector returns to growth”


UK business groups give cautious welcome to Chancellor’s speech

Business groups have welcomed signs that the UK Government will take a more flexible approach to fiscal policy. Chancellor Philip Hammond told the Conservative Party conference on Monday that he will prioritise spending … Continue reading “UK business groups give cautious welcome to Chancellor’s speech”


UK house prices rising more slowly

Annual house price growth in the UK slowed down in September, according to the latest figures from mortgage lender Nationwide. Across England, Scotland, Wales and Northern Ireland house prices rose by 5.3% year-on-year, … Continue reading “UK house prices rising more slowly”


Competition authority to look at price comparison sites

The UK’s competition watchdog has launched a market study into price comparison websites to investigate how they generate a profit and whether the arrangements they make with suppliers might restrict competition. The review, … Continue reading “Competition authority to look at price comparison sites”


The UK government intends to develop an industrial strategy that is tailored to individual regions.

Business secretary Greg Clark told business leaders at the annual Institute of Directors convention in London on Tuesday that successful industrial strategies are “rooted in the local” and recognise that every region is … Continue reading “The UK government intends to develop an industrial strategy that is tailored to individual regions.”


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