Economy NEWS

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”


CBI sets out business priorities for Brexit

The CBI has called for a “barrier-free relationship” to be maintained with the European Union after Brexit. In a report released on Wednesday, the business group raised concerns about issues including tariffs, immigration … Continue reading “CBI sets out business priorities for Brexit”


8.7 million people set to hit the shops on Friday

Christmas shoppers will spend £894m (£865,158 per minute), on Friday alone, according to research from the Centre for Retail Research (CRR) and VoucherCodes.co.uk. Festive shopping is set to peak on the last Friday … Continue reading “8.7 million people set to hit the shops on Friday”


UK inflation reaches two-year high

The UK’s rate of inflation rose to 1.2% in the year to November 2016, compared with a 0.9% rise in the year to October, the Office for National Statistics (ONS) said on Tuesday. … Continue reading “UK inflation reaches two-year high”


UK housing market faces quiet start to new year

The UK housing market faces a slow start to 2017 because of a lack of stock, according to the Royal Institution of Chartered Surveyors (RICS). The professional body said on Thursday that supply … Continue reading “UK housing market faces quiet start to new year”


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