New GDP figures show growth in Q2
The UK economy grew by 0.2% in the second quarter of this year, according to the latest data from the Office for National Statistics (ONS). This is an upward revision…
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Hundreds of mortgage deals taken off the market
Lenders withdrew a record number of mortgage products on Wednesday in response to volatile financial markets. In 24 hours, banks and building societies pulled 935 mortgages -- around a quarter…
Bank of England buys government bonds to help calm markets
The Bank of England has announced an emergency move to buy government bonds on a temporary basis in an effort to "restore orderly market conditions". These purchases of long-dated bonds…
Pound sinks to record low as markets react to tax cut plans
The pound has fallen to a record low against the US dollar, with traders starting the week where they left off on Friday. Sterling dropped by nearly 5% to $1.03…
Biggest ever increase in UK’s Real Living Wage
The Living Wage Foundation has announced an early increase in the Real Living Wage in response to the sharp increase in living costs over the past year. Almost 400,000 people…
Energy support package announced for UK businesses
UK businesses will see their energy bills cut by around half of their predicted level this winter under a support package announced by the UK government. Effective from 1 October,…
Pub group expects £18m energy bill without financial aid
UK pub group Fuller, Smith & Turner ("Fuller’s") has said that its energy bill for its current financial year is expected to more than double without government help. It comes…
Pound drops to 37-year low as retail sales decline
The pound fell to a new 37-year low against the US dollar on Friday after new figures showed a big drop in retail sales for August. Retail sales volumes fell…
Forex Trading for Beginners
If you are thinking about getting into forex trading, it is important to select a broker that is suitable for your needs. Most novice hobby traders start with a small…
Aldi joins ‘big four’ as UK shoppers look to save money
Aldi has overtaken Morrisons to become the fourth-biggest supermarket in the UK. Research firm Kantar said that as living costs rise, consumers are shopping around by visiting more stores and…
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