Economy NEWS

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”


UK industrial output declines while trade deficit widens

Industrial production in the UK fell by 0.4% between July and August, the Office for National Statistics (ONS) said on Friday. Its latest report – the second based on data after EU referendum … Continue reading “UK industrial output declines while trade deficit widens”


Business leaders object to proposed crackdown on foreign workers

Business groups reacted angrily this week to reports of a crackdown on foreign workers in the UK. Home Secretary Amber Rudd told the Conservative Party conference that a tightening of immigration rules would … Continue reading “Business leaders object to proposed crackdown on foreign workers”


UK construction sector returns to growth

Construction firms across the UK saw an upturn in business activity last month, according to figures released on Tuesday. The Markit/CIPS survey of purchasing managers in the construction industry showed that business activity … Continue reading “UK construction sector returns to growth”


UK business groups give cautious welcome to Chancellor’s speech

Business groups have welcomed signs that the UK Government will take a more flexible approach to fiscal policy. Chancellor Philip Hammond told the Conservative Party conference on Monday that he will prioritise spending … Continue reading “UK business groups give cautious welcome to Chancellor’s speech”


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