North Sea Oil Rig

Increased North Sea oil and gas production boosts UK economic growth

Official figures released by the Office for National statistics (ONS) on Tuesday show that the UK’s economy rose by 0.7% in second quarter of this year, compared with growth of 0.4% in the first quarter of 2015. The ONS Gross Domestic […]

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Car Manufacturing

UK vehicle manufacturing accelerates

Strong performance in commercial vehicle (CV) and car manufacturing in the UK has been reported by the Society of Motor Manufacturers and Traders (SMMT), which released data for

Interest rates

UK households prepare for interest rate hikes

Financial information and services company Markit released its latest Markit Household Finance Index (HFI) for the UK on Wednesday, which revealed that British households expect a rise in

pay day loans

CFA finds UK economic and lifestyle changes increase demand for short-term loans

An in-depth analysis of the UK's short-term loan market and the impact of new regulations on borrowers, released by the Consumer Finance association (CFA) on Tuesday, warns that

Acropolis, Greece

Greek banks reopen

Banks in Greece are reopening, following three weeks of talks on how to resolve the country's debt crisis, the BBC reported on Monday.

Car Imports

Low interest rates help to drive UK’s new car market up

The UK new car market has achieved its highest half year performance on record, with new car registrations up 7.0% in first half of 2015, according to figures

Acropolis, Greece

UK government prepares for possible Grexit

The deepening debt crisis in Greece has prompted warnings that the country may pull out of the eurozone. Amid reports of planned protests across Greece, the British government and

Inflation

UK Consumer Prices Index increases by 0.1% in the year to May 2015

The UK's national statistical institute, the Office for National Statistics (ONS), has released its monthly statistical Consumer Price Inflation bulletin for May 2015, which shows that inflation in

Building Materials

New builds prop up construction industry

Output in the construction industry decreased by 0.8% in April this year, compared with March 2015, but new work increased by 1.6%, according to the latest figures from

George Osborne

How Will George Osbourne’s “Northern Powerhouse” Affect the Building Industry?

The building industry is one of the most important in all of the UK. There are few other industries that affect other areas of the UK economy but

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