Economy NEWS

UK new car registrations reach all time high for September

New UK car registrations rose by 8.6% in September, according to the latest figures from UK automotive industry trade organisation The Society of Motor Manufacturers and Traders (SMMT) released on Tuesday. SMMT data reveals … Continue reading “UK new car registrations reach all time high for September”


Productivity in UK increases to highest recorded level

The UK’s Office for National Statistics (ONS) released its latest Labour Productivity figures on Thursday, which reveal an all time high since the series was first recorded four years ago. ONS labour productivity … Continue reading “Productivity in UK increases to highest recorded level”


Britain invites Chinese investors to bid for HS2 rail project

Chancellor of the Exchequer George Osborne has kick-started the bidding process for phase one of the UK governments HS2 rail project at an event in Chengdu, China, during his five day tour of the country. … Continue reading “Britain invites Chinese investors to bid for HS2 rail project”


BT commits to extending UK broadband to minimum speed of 5-10 Megabits per second

Telecoms giant BT announced on Tuesday that it aims to provide a new universal minimum broadband speed of 5-10 Megabits per second (Mbps) for every home and business in the UK, ensuring Britain’s future prosperity … Continue reading “BT commits to extending UK broadband to minimum speed of 5-10 Megabits per second”


UK employment rate increases

Official figures for UK employment were higher from May to July this year, according to the Office for National Statistics (ONS) statistical bulletin on the UK Labour Market released on Wednesday. From May to … Continue reading “UK employment rate increases”


Used car sales at record-breaking levels in UK

British Car Auctions (BCA) released its 25th edition of the Used Car Market Report on Friday, which revealed that the UK’s used car market exceeded GBP45bn in 2014, a year on year increase of 5.6%. … Continue reading “Used car sales at record-breaking levels in UK”


Bank of England’s Monetary Policy Committee votes to keep Bank Rate at 0.5%

UK central bank the Bank of England announced on Thursday that its Monetary Policy Committee (MPC) meeting, held on 9 September 2015, the committee voted by a majority of 8-1 to maintain the Bank Rate … Continue reading “Bank of England’s Monetary Policy Committee votes to keep Bank Rate at 0.5%”


Barratt Developments’ final results indicate demand for new homes outstrips supply

UK residential property development company Barratt Developments plc released its full year financial results on Wednesday, which reveal continued growth in demand for new homes in Britain. The company reported profit before tax … Continue reading “Barratt Developments’ final results indicate demand for new homes outstrips supply”


Whitbread’s adoption of National Living Wage to hit Costa coffee prices

Whitbread PLC, the owner of the UK hotel chain Premier Inn and Costa coffee shops, announced on Tuesday that it is developing plans to adopt the governments national living wage policy, however it … Continue reading “Whitbread’s adoption of National Living Wage to hit Costa coffee prices”


Homes near top English state schools cost 13% more on average

New research from Lloyds Bank released on Friday indicates that average property prices in the postal districts of the top 30 state schools in England have now reached GBP344,446, an average GBP40,728, or 13%, higher than county … Continue reading “Homes near top English state schools cost 13% more on average”


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