Economic news and events


TOP NEWS: UK house prices fall at fastest annual rate in 14 years

The average UK house price fell at the fastest annual rate in 14 years in July, according to an index on Tuesday.

Property values declined by...

Tue, 01/08/2023 - 08:11


Ireland manufacturing sector continues to decline in July

The factory sector in Ireland worsened further in July, with companies cutting back production at a historically rapid pace, according to survey results released by...

Tue, 01/08/2023 - 07:42


UK shop price inflation eases again as wet weather sparks discounts

Shop price inflation in the UK decelerated in July hitting its lowest level this year as retailers mitigated the wet weather by offering larger discounts.

According...

Tue, 01/08/2023 - 05:48


Consumers face biggest single alcohol duty rise in almost 50 years

Drinkers face significant price hikes from Tuesday when tax increases will see the duty on a bottle of wine rise by as much as 20%.

First...

Mon, 31/07/2023 - 19:23


UPDATE: UK to issue ’hundreds’ of new oil, gas licences in North Sea

The UK government said Monday it would issue ‘hundreds’ of new oil and gas licences in the North Sea to secure energy reserves while still...

Mon, 31/07/2023 - 11:53


UK lenders approve more mortgages despite higher interest rates

Net mortgage approvals and approvals for remortgaging in the UK increased in June, according to the Bank of England on Monday.

Net mortgage borrowing by...

Mon, 31/07/2023 - 10:02


Sunak reaffirms commitment to UK 2030 petrol and diesel car ban

The ban on the sale of new petrol and diesel cars from 2030 remains government policy, the UK prime minister has said.

Rishi Sunak had been...

Mon, 31/07/2023 - 09:36


PM Sunak to stress North Sea energy opportunities in Scotland visit

Government backing for new oil and gas licences in the North Sea could be confirmed by Rishi Sunak during a visit to Scotland.

The prime minister...

Mon, 31/07/2023 - 07:44


New UK consumer duty sets higher, clearer standards for finance firms

A new consumer duty has come into force, setting a higher bar for financial firms and giving customers more certainty that the product they are...

Mon, 31/07/2023 - 06:00


PM Sunak backs plans for new oil and gas exploration off UK

UK Prime Minister Rishi Sunak has backed plans for new fossil fuel drilling off Britain’s coast, saying in a Sunday newspaper interview he would be...

Sun, 30/07/2023 - 10:46


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