Economy NEWS

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”


UK inflation set to reach 4% next year

Consumer price inflation in the UK is set to accelerate next year, according to the National Institute of Economic and Social Research (NIESR). The think tank said on Wednesday that it expects the … Continue reading “UK inflation set to reach 4% next year”


Small manufacturers expect increase in export order

A net 4% of small and medium-sized (SME) manufacturers are more optimistic about their business situation, according to a survey by the CBI. The business group reported on Tuesday that optimism has edged … Continue reading “Small manufacturers expect increase in export order”


UK should keep its options open over Brexit, says Tony Blair

It’s four months since the UK voted to leave the European Union, but the debate is not over yet. Former Prime Minister Tony Blair said on Friday that the country should keep its … Continue reading “UK should keep its options open over Brexit, says Tony Blair”


Union welcomes Nissan commitment to Sunderland plant

Unite, Britain’s largest trade union, has welcomed Nissan’s decision to build two new cars at its Sunderland plant. The car maker announced on Thursday that it will produce the next Qashqai and will … Continue reading “Union welcomes Nissan commitment to Sunderland plant”


UK earnings figures show fastest rise for low-paid

Pay inequality in the UK narrowed between April 2015 and April 2016, according to figures released on Wednesday by the Office for National Statistics (ONS). Provisional data reveals that weekly earnings for full-time … Continue reading “UK earnings figures show fastest rise for low-paid”


Retailers closing 15 shops a day on Britain’s high streets

Retailers in Great Britain closed 2,656 shops in the first six months of 2016, a rate of 15 stores a day, according to figures published on Tuesday. This is a slight increase on … Continue reading “Retailers closing 15 shops a day on Britain’s high streets”


UK manufacturers see export boost from weaker pound

UK manufacturers saw a rise in output and orders over the last quarter, with a significant increase in exports due to the weaker pound, according to a new report from the CBI. The … Continue reading “UK manufacturers see export boost from weaker pound”


Poorer households set to lose £100/year as UK inflation jumps to 1%

Rising prices for clothing, hotel stays and motor fuels contributed to an increase in the UK’s inflation rate last month, the Office for National Statistics (ONS) said on Tuesday. The Consumer Prices Index … Continue reading “Poorer households set to lose £100/year as UK inflation jumps to 1%”


UK fuel prices will rise in the next few weeks, retailers warn

UK fuel prices are set to rise after the pound fell to its lowest level against the US dollar since 1985, the Petrol Retailers Association (PRA) has warned. “The double impact of the … Continue reading “UK fuel prices will rise in the next few weeks, retailers warn”


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