Economy NEWS

UK service sector sees slower growth, drop in optimism

Optimism in the UK’s dominant services sector declined in the three months to August, according to the latest quarterly report from the Confederation of British Industry (CBI) released on Tuesday. The Service Sector … Continue reading “UK service sector sees slower growth, drop in optimism”


UK retail sales recover in August

Retail sales rebounded in August, following a fall in July after the UK voted to leave the European Union. Figures released on Thursday by the Confederation of British Industry (CBI) show that retail … Continue reading “UK retail sales recover in August”


Gender pay gap grows after childbirth

Women in the UK who return to work after having a baby lose out on wage progression, according to a new report by the Institute for Fiscal Studies (IFS). The research shows that … Continue reading “Gender pay gap grows after childbirth”


How Might the Chancellor’s Autumn Statement Affect Landlords?

The year 2016 has definitely been a turbulent one for Britons, especially landlords. The property market is still reeling from the result of the EU referendum in addition to some of the new … Continue reading “How Might the Chancellor’s Autumn Statement Affect Landlords?”


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”


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