Economy NEWS

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”


UK construction activity reaches eight-month high

Construction firms in the UK have continued to rebound from a post-referendum weak patch, according to industry figures released on Friday. The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) showed that business activity … Continue reading “UK construction activity reaches eight-month high”


UK unemployment rate hits 11-year low

Employment in the UK rose by 49,000 in the three months to September 2016 and unemployment fell by 37,000 to 1.6 million, according to the latest labour market statistics. The Office for National … Continue reading “UK unemployment rate hits 11-year low”


Surprise dip in UK inflation but factory gate prices accelerate

UK consumer prices rose at a slower annual rate in October than they did in September, the Office for National Statistics (ONS) said on Tuesday. The Consumer Prices Index (CPI) rose by 0.9% … Continue reading “Surprise dip in UK inflation but factory gate prices accelerate”


Businesses put off investment after Brexit vote

A new study suggests that one third of British businesses have scaled back their plans for investment since the UK’s referendum on European Union membership. Hitachi Capital and the Centre for Economic and … Continue reading “Businesses put off investment after Brexit vote”


UK construction output weakest in four years

The UK construction industry recorded its weakest performance in four years in this year’s third quarter, according to new data from the Office for National Statistics (ONS). Construction output fell by 1.1% in … Continue reading “UK construction output weakest in four years”


M&S to cut clothing and home stores and boost space for Simply Food

Marks and Spencer is to close 30 British stores and another 53 in overseas markets, including China and France. The high street retailer said on Tuesday that it was planning to improve the … Continue reading “M&S to cut clothing and home stores and boost space for Simply Food”


UK businesses planning to put the brakes on investment

UK businesses are planning to scale back their investment in response to the post-referendum uncertainty about future demand and the weaker pound pushing up costs, according to two reports released on Monday. Manufacturers’ … Continue reading “UK businesses planning to put the brakes on investment”


UK fuel prices reach 15-month high

Petrol and diesel prices across the UK are at the highest level since July 2015, according to the RAC. The motoring group said on Thursday that October saw the biggest petrol price rise … Continue reading “UK fuel prices reach 15-month high”


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