North Sea Oil Rig

Increased North Sea oil and gas production boosts UK economic growth

Official figures released by the Office for National statistics (ONS) on Tuesday show that the UK’s economy rose by 0.7% in second quarter of this year, compared with growth of 0.4% in the first quarter of 2015. The ONS Gross Domestic […]

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UK returns to growth

NIESR UK economy forecast predicts GDP growth of 3% for 2014, slowing to 2.5% in 2015

The National Institute of Economic & Social Research (NIESR), a UK independent research organisation and think-tank, released its latest forecast for the UK economy on Wednesday, which indicates

UK economy growing

UK economy expected to grow by 3.1% in 2014 — Cebr

Projections from economic forecasters indicate that the UK economy will grow by more than 3% this year, according to the latest figures released on Tuesday by

Big Data

UK government to provide big data projects with funding of £73 million

The Department for Business, Innovation & Skills (BIS) revealed on Wednesday that the UK government plans to make GBP73m in funding available for projects that will

UK economy growing

BCC’s economic indicator points to solid growth in UK economy

Positive results from the British Chambers of Commerce's Quarterly Economic Survey (QES), which it released on Tuesday, suggest that GDP growth in Q4 2013 could be

Retail sector

UK retailers report flat sales volumes for April

Poor weather in the past month contributed to a continued stagnation in UK retail sales, the CBI reported today. Retailers said that sales volumes were broadly unchanged in the


Bad weather hits UK retail sales

Retail sales across the UK fell between February and March this year because of bad weather, the Office for National Statistics (ONS) reported today. The quantity bought in the

George Osbourne

UK chancellor confirms lower expectations for economic growth

The UK economy is now expected to contract by 0.1% in 2012 and then grow by 1.2% in 2013, the Office for Budget Responsibility announced today. This is a

Big Ben

UK economy to shrink less than expected in 2012, says BCC

The British Chambers of Commerce (BCC) has released a more optimistic view of the UK's economic performance for 2012, but still expects the economy to shrink. In its first

Out of busieness note

One in ten UK shops standing empty

More than one in ten shops in the UK is currently empty, the British Retail Consortium (BRC) reported today. After nine months in recession, and with many big-name firms

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