Economy NEWS

UK economic growth in Q4 higher than previously thought but business investment falls

The UK economy grew by more by more than previously reported in the final quarter of 2016, but figures also reveal a decline in business investment. New estimates released on Wednesday by the … Continue reading “UK economic growth in Q4 higher than previously thought but business investment falls”


UK retail sales fall in January

Rising prices for fuel and food are thought to be behind a fall in UK retail sales in January, the Office for National Statistics (ONS) said on Friday. Official figures show that the … Continue reading “UK retail sales fall in January”


More than 350 UK firms ‘named and shamed’ over low pay

Hundreds of companies in the UK have been paying staff below the national minimum wage or the national living wage, the UK Government revealed on Wednesday. Debenhams, Subway, Lloyds Pharmacy and the Co-op … Continue reading “More than 350 UK firms ‘named and shamed’ over low pay”


Survey shows rise in UK consumer confidence

UK consumer confidence rose in January but remained in negative territory, market research firm GfK said on Tuesday. The monthly consumer confidence index showed a reading of -5 in the first month of … Continue reading “Survey shows rise in UK consumer confidence”


UK retail sales decline in December

Seasonally adjusted figures released on Friday show that UK retail sales fell from November to December. According to the Office for National Statistics (ONS), the quantity bought in retail sales increased by 4.3% … Continue reading “UK retail sales decline in December”


UK unemployment down, wage growth up

UK unemployment has continued to fall, according to new figures from the Office for National Statistics (ONS). The ONS said on Wednesday that unemployment fell by 52,000 to 1.6 million in the three … Continue reading “UK unemployment down, wage growth up”


UK inflation hits 1.6%

Higher air fares and food prices in December helped drive UK inflation to its highest rate for two-and-a-half years. The Office for National Statistics (ONS) said on Friday that the Consumer Prices Index … Continue reading “UK inflation hits 1.6%”


Wage inequality for men has risen, study finds

In the past 20 years there has been a fourfold increase in the number of men in low-paid part-time work, according to a new report from the Institute for Fiscal Studies (IFS). The … Continue reading “Wage inequality for men has risen, study finds”


UK retailers report sales growth in Christmas trading updates

‘Super Thursday’ has arrived, with a multitude of UK retailers announcing their sales figures for the key Christmas period. Marks and Spencer reported its first like-for-like improvement in clothing and home sales since … Continue reading “UK retailers report sales growth in Christmas trading updates”


UK house prices end 2016 with 6.5% rise

House prices across the UK increased to an average of £222,484 at the end of 2016, according to the Halifax. The UK’s largest mortgage lender said on Monday that the annual rate of … Continue reading “UK house prices end 2016 with 6.5% rise”


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