Economy NEWS

Economists do not expect interest rate rise until 2019

A survey of economists has revealed that UK interest rates are not expected to rise until 2019, despite inflation being above the Bank of England’s target. A BBC survey found that the majority … Continue reading “Economists do not expect interest rate rise until 2019”


UK house prices fall for first time in nearly two years

Average house prices across the UK fell by 0.3% from February to March, according to the latest monthly report from Nationwide, published on Friday. This is the first fall since June 2015, and … Continue reading “UK house prices fall for first time in nearly two years”


UK inflation reaches highest rate for more than three years

The fall in the value of the pound is increasing the cost of food and fuel, pushing inflation to the highest rate since September 2013. The Office for National Statistics (ONS) reported on … Continue reading “UK inflation reaches highest rate for more than three years”


UK Chancellor raises NI rate for self-employed

  A rise in Class 4 national insurance contributions (NICs) paid by self-employed people was amongst the measures announced by Chancellor Philip Hammond in the Budget on Wednesday. Hammond said that the rate … Continue reading “UK Chancellor raises NI rate for self-employed”


UK faces worst income squeeze for 60 years

With the UK continuing to make slow progress in recovering from the financial crisis, household incomes will not grow at all for the next two years, according to a report published on Thursday. … Continue reading “UK faces worst income squeeze for 60 years”


CBI survey shows rebound in UK retail sales

UK retail sales rebounded slightly in the year to February and are expected to continue growing, according to survey results released last week. The CBI’s latest quarterly Distributive Trades Survey involved 128 firms, … Continue reading “CBI survey shows rebound in UK retail sales”


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”


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