(Sharecast News) - The UK economy returned to growth in August, according to figures released on Thursday by the Office for National Statistics. GPD rose 0.2%, in line with consensus expectations, following a downwardly-revised 0.6% contraction in July. This was...
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Shop price inflation hits fresh high
Grocery inflation has soared to a fresh record of nearly 15%, industry data showed on Tuesday, adding hundreds of pounds to annual shopping bills. According to Kantar, grocery price inflation in the four weeks to 30 October reached 14.7%, the highest rate since the...
FTSE 100 CEOs get bonus boost as pay soars amid cost-of-living crisis
The chief executives of Britain's FTSE 100 companies have snared average pay increases of 23% in the past year, driven by record bonus payments, as most workers are battling for cost-of-living rises, according to research released on Monday. Research by accountancy...
UK retail footfall drops 7.5% week-on-week
UK retail footfall fell in the week ended 5 November as schools returned from the half-term break. According to retail experts Springboard, UK footfall fell 7.5% last week, following a rise of 8.2% in the week prior, as footfall dropped 10.1% on high streets, 7.7% in...
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Consumer confidence returns to pre-pandemic levels – GfK
UK consumer confidence edged above pre-pandemic levels in July for the first time, research showed on Friday. According to the latest GfK...
BoE’s Broadbent says higher inflation looks temporary
Rising inflation is likely to be temporary, a Bank of England rate setter said in remarks that reined in expectations of imminent policy...
UK factory output growth equals record but shortages loom – CBI
UK factory output rose at a joint-record pace in the past three months but worries about shortages of materials and labour were at their...
UK public sector borrowing falls in June
UK public sector net borrowing fell in June as the economy opened up again, according to figures released on Wednesday by the Office for...
Ministers face dilemma on funding reform of UK social care system
Ministers risk being accused of making an "intergenerational raid" on taxpayers to fund the soaring cost of social care in the UK,...
London dominates foreign inward investment – ONS
Almost half of foreign direct investment into Britain went to London in 2019 before the Covid pandemic struck, according to official data....
Shopper numbers set to surge as Covid restrictions ease
Footfall across all retail destinations is expected to spike by nearly 20% following Monday's lifting of Covid restrictions, according to...
BoE’s Haskel warns against preemptive tightening of monetary policy
One of the Bank of England's top officials argued against reducing monetary stimulus for the economy. In prepared remarks for a speech,...
Buyer ‘frenzy’ pushes UK house prices to fresh high
House prices have hit another fresh high, industry data showed on Monday, despite the stamp duty holiday coming to an end, as surging...
UK may reinstate some lockdown measures if situation becomes ‘unacceptable’
The UK might reinstate some lockdown measures if the latest wave of the coronavirus pandemic becomes unacceptable. In remarks to Sky News,...
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