Economic news and events


UK CMA says food price inflation not driven by weak competition

The UK Competition and Markets Authority on Thursday said that historically high food price inflation has not been driven by weak competition among supermarkets but...

Thu, 20/07/2023 - 10:47


Banks could lose UK licences for banning customers for political views

Banks could lose their licences in the UK if they close customers’ accounts over their political views, it has been reported.

According to The Times, ministers...

Thu, 20/07/2023 - 06:10


UK rail passengers facing further strikes from Thursday

UK rail passengers are being warned of disruption to services from Thursday because of fresh industrial action by train drivers and other workers in long...

Wed, 19/07/2023 - 19:06


UK house price growth slows to 1.9% annually in May - ONS

Growth in UK house prices slowed in May, according to official data on Wednesday.

The Office for National Statistics said that UK house prices grew...

Wed, 19/07/2023 - 09:46


Nigel Farage says Coutts document shows account was shut over views

Nigel Farage has claimed he has obtained documents showing prestigious private bank Coutts decided to close his account because his views ‘do not align with...

Wed, 19/07/2023 - 08:47


TOP NEWS: UK yearly inflation rate cools to 7.9% in June

Inflation in the UK cooled more quickly than expected in June, figures from the Office for National Statistics showed on Wednesday.

Annually, consumer prices rose by...

Wed, 19/07/2023 - 07:25


TOP NEWS: UK grocery price inflation ebbs at fastest pace since peak

UK grocery price inflation calmed once again, market research from Kantar showed on Tuesday, while supermarket sales got a boost from more summer staples such...

Tue, 18/07/2023 - 09:09


Rishi Sunak to meet bosses at inaugural Business Council gathering

Bosses from AstraZeneca PLC, Alphabet Inc’s Google, Shell PLC and other major companies will gather in Downing Street on Tuesday for the first meeting of...

Tue, 18/07/2023 - 06:04


UK rate surge fuels biggest wealth drop in decades - report

The surge UK interest rates aimed at cooling elevated inflation has slashed the nation’s household wealth made up mostly of home ownership and pensions, a...

Mon, 17/07/2023 - 16:42


TOP NEWS: Sunak says inflation not falling as rapidly as he would like

UK Prime Minister Rishi Sunak has acknowledged that inflation is not coming down as quickly as he would like.

He has made halving consumer prices index...

Mon, 17/07/2023 - 14:05


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