Economic news and events

UPDATE: UK economy avoids recession as fourth quarter sees no growth

The UK economy registered no growth in the final quarter of 2022, narrowly avoiding a recession, data on Friday showed.

According to a first estimate...

Fri, 10/02/2023 - 08:00

TOP NEWS: UK economy avoids recession as fourth quater sees no growth

The UK economy registered no growth in the final quater of 2022, narrowly avoiding a recession, data on Friday showed.

According to a first estimate...

Fri, 10/02/2023 - 07:59

UK used car market slumped by 8.5% in 2022, SMMT figures show

Sales of used cars declined by 8.5% in the UK last year, new figures showed on Friday.

The Society of Motor Manufacturers & Traders said...

Fri, 10/02/2023 - 06:18

UK PM Sunak to announce second Global Investment Summit for the autumn

The UK prime minister is set to announce that a second Global Investment Summit will take place in the autumn.

Rishi Sunak is expected to tell...

Fri, 10/02/2023 - 06:15

UK pays £2.3 billion to EU to settle Chinese import fraud dispute

The UK government has paid £2.3 billion to the EU as part of a long-standing dispute over textiles and footwear imported into the UK from...

Thu, 09/02/2023 - 20:14

UK in talks with allies as recognises need for approval to send jets

Providing Ukraine with UK Royal Air Force jets would require agreement with international allies, Downing Street has confirmed.

The prime minister’s official spokesman said: ‘In terms...

Thu, 09/02/2023 - 17:20

UK inflation ’guaranteed’ to fall bar unseen shocks - Bank of England

Policymakers at the Bank of England have said inflation is almost ‘guaranteed’ to come down rapidly this year unless there is a new, unexpected global...

Thu, 09/02/2023 - 11:50

Inflation set to add £18.2 billion to UK non-food retail sales

Inflation is set to add £18.2 billion to UK non-food retail sales this year, a report suggests.

Sales values are expected to hit £249 billion in...

Wed, 08/02/2023 - 06:07

UK to dodge recession, but quarter of families to struggle with bills

The UK will narrowly avoid a recession this year, but there will be little respite for under-pressure families – with around seven million households expected...

Wed, 08/02/2023 - 05:49

UPDATE: UK PM Sunak carries out shake-up as reshuffles ministers

UK Prime Minister Rishi Sunak has carried out a sweeping shake-up of Whitehall, creating a new department for energy security and net-zero amid promises to...

Tue, 07/02/2023 - 15:49

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