Economy NEWS

ONS says construction output down 0.9% in June

UK construction output declined in June but there is ?little anecdotal evidence? to suggest that the EU referendum has had an impact, the Office for National Statistics said on Friday. New figures show … Continue reading “ONS says construction output down 0.9% in June”


UK house price growth still slow

The UK housing market is continuing to show signs of slowing down, according to the latest monthly survey from the Royal Institution of Chartered Surveyors (RICS). The surveyors? group said on Thursday that … Continue reading “UK house price growth still slow”


UK businesses taking on fewer permanent employees

Fewer people in the UK secured a permanent job in July, for the second month in a row. According to the latest Markit/REC Report on Jobs released on Friday, there was a marked … Continue reading “UK businesses taking on fewer permanent employees”


Bank of England cuts interest rates to new record low

The Bank of England?s Monetary Policy Committee (MPC) has announced a cut in the base rate as part of a package of measures designed to boost growth following the UK?s vote to leave … Continue reading “Bank of England cuts interest rates to new record low”


UK housing market set to ‘slow down but not plummet’ following Brexit vote

The UK housing market is likely to slow down but it will take months before the impact of Brexit becomes clear, Nationwide Building Society said on Thursday. Nationwide, said to be the UK?s … Continue reading “UK housing market set to ‘slow down but not plummet’ following Brexit vote”


UK economic growth accelerated in the run-up to BREXIT

The UK?s economic growth accelerated in the run-up to the EU referendum, according to new figures from the Office for National Statistics (ONS). The economy grew by 0.6% in the three months to … Continue reading “UK economic growth accelerated in the run-up to BREXIT”


New data shows impact of Brexit vote on UK economy

The UK economy is contracting at the fastest rate since the financial crisis, according to new figures released on Friday morning. The Markit/CIPS purchasing managers? index (PMI) stood at 47.7 for July 2016, … Continue reading “New data shows impact of Brexit vote on UK economy”


easyJet revenue down after Brexit vote, failed coup in Turkey and terror attacks

The UK?s Brexit vote and recent events in Turkey and Nice have contributed to a ?difficult and uncertain? operating environment, low-cost airline easyJet said today. In a trading statement for the quarter ended … Continue reading “easyJet revenue down after Brexit vote, failed coup in Turkey and terror attacks”


UK unemployment at 11-year low

UK unemployment has fallen to its lowest level since July 2005, according to a new report from the Office for National Statistics (ONS) which covers the period before the UK voted to leave … Continue reading “UK unemployment at 11-year low”


Credit Suisse survey reveals collapse in confidence among UK firms

Business confidence in the UK has ?collapsed? in the wake of the EU referendum, according to a survey by Credit Suisse. The bank found that corporate sentiment in the UK has ?deteriorated out … Continue reading “Credit Suisse survey reveals collapse in confidence among UK firms”


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