(Sharecast News) - The Competition and Markets Authority announced on Friday that it has separately secured commitments from two major tech giants, Amazon and Meta Platforms, to promote fair competition on their respective retail platforms. In the case of Amazon, the...
Latest Economic And Political articles
UK avoids recession, but living standards to plunge while taxes rise – OBR
Britain's economy is forecast to avoid a recession in 2023, but living standards are still set to record their biggest two-year fall in seven decades, while the tax burden also increases for millions of people, the Office for Budgetary Responsibility said on...
UK to avoid recession, but living standards still set to plunge – OBR
The British economy is forecast to grow by 1.8% next year and avoid a technical recession in 2023, but living standards are still set to record their biggest two-year fall in seven decades, the Office for Budgetary Responsibility said on Wednesday. Real household...
UK’s Hunt abolishes lifetime pension allowance
UK Finance Minister Jeremy Hunt said he was abolishing the lifetime pensions allowance. The allowance, currently at just more than £1m, is the maximum someone can invest in a pension before incurring taxes. Many analysts had expected Hunt to raise the limit in an...
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UK house prices continue to surge – Nationwide
The average price of a house in the UK has topped £260,000 for the first time, industry data showed on Wednesday. According to the latest...
Retail prices rise at fastest rate in over a decade
Shop price inflation continued to rise in February, industry data showed on Wednesday, to hit the highest rate for more than a decade....
FCA imposes fee caps on claims management companies
New restrictions on claims management companies came into effect on Tuesday morning, to prevent them from charging "excessive fees" to...
UK mortgage borrowing rises but consumers cautious – BoE
UK mortgage borrowing rose to its highest since the end of the stamp duty holiday in January but consumer credit only crept up as...
Lidl, Aldi benefit from grocery inflation as supermarket spending falls
Spending in UK supermarkets fell over the last three months, but still remained above pre-pandemic levels, even as grocery prices...
UK manufacturing growth hits seven-month high
UK manufacturing growth hit a seven-month high in February, underpinned by stronger domestic demand, fewer raw material shortages and...
China February PMI rises to 50.2
China's official manufacturing purchasing managers' index (PMI) beat expectations in February, rising to 50.2, from 50.1 the prior month,...
UK ONS to treat England council tax rebate as credit
A one-off £150 cut in English household council tax payments in April will be treated as tax credit rather than a reduction in...
Retail footfall rises in wake of winter storms
UK shops saw a rebound in footfall last week, industry data showed on Monday, after a string of winter storms saw people say home in the...
UK car production slumps by 20% in January
UK car production slumped by a fifth in January as manufacturers were hit by parts shortages, a plant closure and alterations to new...
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