Confidence in the economy rose amongst consumers again this month, with one major index hitting the highest level in nearly a decade, signalling continued growth for the rest of the year.
The UK must invest and export more to ensure that its ‘stellar’ growth this year is not a short-term effort, or ‘a flash in the pan’, a leading business group has warned.
More people put money into their savings accounts in July following the launch of New Individual Savings Account (Nisa) rules, according to the British Bankers’ Association (BBA), with savers depositing £4.95bn during the month, almost matching the total for the
According to a survey from the Confederation of British Industry (CBI), optimism among customer services firms is strong, with 48 per cent of companies feeling more confident than three months ago.
Spending on groceries has fallen for the first time since records began 25 years ago, as supermarkets wage price wars and consumers fail to feel the effects of the economic recovery.
Two out of the nine members of the Bank of England’s Monetary Policy Committee (MPC) voted to raise interest rates in August, the first time in three years that policymakers have not been unanimous in keeping the rate as it
Official figures released yesterday (19 August) show that annual house price inflation was 10.2 per cent in June, down slightly from May’s 10.4 per cent but still in double figures and mainly so high because of prices in London, where
The rate of inflation in the UK fell more than expected in July, as the cost of clothing, footwear, food and non-alcoholic drinks eased, according to figures released today (August 19) by the Office for National Statistics (ONS).
According to a recent newspaper interview, Bank of England Governor, Mark Carney, may not necessarily wait for real wages to increase before raising interest rates, focusing instead on the underlying wages trend.
The UK economy grew by even more than expected in the second quarter and its yearly pace of expansion was revised up to 3.2 per cent, its best performance in more than six years.