House price growth accelerates
UK house prices were 3.2% higher in September compared with the same month last year, according to data from Nationwide. It's the fastest rate of annual growth since November 2022,…
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Jaguar Land Rover plans ‘factory of the future’ in Merseyside
Jaguar Land Rover (JLR) is investing £500m in its factory in Halewood, Merseyside for the production of electric vehicles. The 61?year?old plant is being expanded and upgraded to enable the…
OECD raises estimate for UK economic growth
The UK economy is expected to grow by 1.1% in 2024, according to a new report. Raising its UK forecast from just 0.4% in May, the Organisation for Economic Cooperation…
UK firms report slowdown in growth
Private sector businesses in the UK have seen continued growth in business activity during September, albeit at a slower rate. Both the manufacturing and services sectors recorded a slower rise…
Consumer confidence falls after Budget warning
A long-running measure of consumer confidence has shown a significant drop in September, after warnings by the new government about the state of the public finances and a "painful" Autumn…
Interest rates unchanged at 5%
Rate-setters at the Bank of England have voted to keep the base rate at 5%. In August, interest rates were reduced from 5.25% -- the first cut for more than…
No change in inflation at 2.2%
The UK's rate of consumer price inflation (CPI) remained at 2.2% in the year to August, unchanged from July, according to the latest data. The monthly report from the Office…
Oxford Street could be pedestrianised under new plans
The Mayor of London, Sadiq Khan wants to ban all traffic from part of Oxford Street to help regenerate the area. Under the proposal, a 0.7-mile stretch would be pedestrianised…
Harland & Wolff set to enter administration
Belfast-based shipbuilder Harland & Wolff is set to go into administration, the company confirmed on Monday. It is the second time the iconic company, which built the Titanic, has entered…
Competition watchdog looks at Carlsberg/Britvic merger
The Competition and Markets Authority (CMA) has opened the first stage of an investigation into the planned acquisition of UK-based soft drinks maker Britvic by Danish brewer Carlsberg. Announced in…
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