Economic news and events


TOP NEWS: UK shop price inflation hits new heights in January

UK shop prices are at record highs after inflation accelerated in January, with a warning that the peak is yet to arrive.

Prices are now 8%...

Wed, 01/02/2023 - 05:48


UK mortgage approvals shrink in December as borrowing costs surge

UK mortgage approvals sunk to a two-and-a-half year low last month, with would-be home buyers deterred by rising rates, figures from the Bank of England...

Tue, 31/01/2023 - 11:58


TOP NEWS: Discounters thrive as UK grocery price inflation hits record

UK grocery price inflation spiked to a record high this month, while discount supermarket chains achieved more market share gains at the expense of industry...

Tue, 31/01/2023 - 08:51


UK court to examine legality of resuming Saudi arms sales

London’s High Court will on Tuesday examine the legality of a UK government decision to renew selling arms to Saudi Arabia that could be used...

Tue, 31/01/2023 - 06:20


UK PM Rishi Sunak hails Brexit as ’huge opportunity’, three years on

British Prime Minister Rishi Sunak on Monday defended Brexit, insisting that leaving the EU had brought significant achievements and offered a ‘huge opportunity’, three years...

Tue, 31/01/2023 - 06:16


UK economy set for sharp contraction in weakest performance among G7

Britain’s economy will slam into reverse this year as the cost-of-living crisis hits households hard and will see the worst performance of all the advanced...

Tue, 31/01/2023 - 06:16


M&S chair says UK’s ‘baffling’ post-Brexit plans will wreck trade

Marks & Spencer Group PLC’s chair has become the latest business leader to criticise the UK government’s economic policy, with Archie Norman calling plans to...

Thu, 26/01/2023 - 05:51


UK broadband firms urged to axe mid-contract exit fees as prices rise

Broadband firms in the UK have been urged to drop penalties for customers leaving mid-contract amid concerns of impending ‘exorbitant’ price rises or exit fees...

Thu, 26/01/2023 - 05:50


UK car production sinks to lowest level since 1950s

UK car production fell to its lowest level since 1956 last year as output was hit by global shortages of semiconductor chips, new figures show....

Thu, 26/01/2023 - 05:47


Nearly two-thirds of UK first-time buyer mortgages are in joint names

Nearly two-thirds of UK first-time buyer mortgages being taken out are in joint names, according to a lending giant.

Some 63% of first-time buyer mortgages...

Wed, 25/01/2023 - 08:07


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