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Economic News
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Britain better off leaving the EU, says Nigel Lawson
Tuesday 07 May 2013
Former Chancellor Nigel Lawson has called for Britain to exit the European Union (EU) as Prime Minister David Cameron faces mounting pressure from anti-EU supporters. Read More
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Household budgets continue to feel the squeeze as savings suffer
Tuesday 07 May 2013
New research has shown that as many as one in three people will be forced to reduce the amount they put into savings over the coming months as a result of mounting pressure on personal finances. Read More
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Car sales hit highest level since April 2008
Tuesday 07 May 2013
UK car retail sales jumped to their highest level since April 2008, the Society of Motor Manufacturers and Traders (SMMT) revealed Tuesday. Read More
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Shop price inflation hits lowest level in three and a half years
Tuesday 07 May 2013
Shop price inflation fell to its lowest level in three and a half years in April, the British Retail Consortium (BRC) has reported. Read More
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UK services sector shows continued improvement in April
Friday 03 May 2013
The UK services sector saw further improvement in April, with the fastest increase in activity for eight months. Read More
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Ex-MPC member calls for US-style unemployment reports
Thursday 02 May 2013
A report written by a former member of the Bank of England’s monetary policy committee has called for ‘underemployment’ to be included in national economic statistics. Read More
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UK construction reaches highest level in half a year
Thursday 02 May 2013
UK construction registered its highest level for half a year in April, data from Markit revealed Thursday. Read More
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Ofgem to investigate SSE, British Gas and Scottish Power
Wednesday 01 May 2013
SSE, British Gas and Scottish Power are among six energy companies that are to become the subject of an investigation by Ofgem into their failure to reach UK carbon reduction targets. Read More
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UK manufacturing shows signs of stabilising
Wednesday 01 May 2013
UK manufacturing showed signs of stabilising in April, data out Wednesday revealed. Read More
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Consumer Confidence sees unexpected decline in April
Tuesday 30 Apr 2013
Consumer confidence suffered a small, but unexpected, hit in April, indicating that rising inflation knocked people's confidence in their personal financial situations. Read More
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March mortgage approvals beat expectations
Tuesday 30 Apr 2013
The number of UK mortgages approved for house purchases came in above expectations, the Bank of England (BoE) revealed on Tuesday. Read More
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Bank of England's McCafferty sees hope for Britain's future
Monday 29 Apr 2013
Bank of England policymaker Ian McCafferty said he sees grounds for hope that Britain’s economy will pick up following a batch of data pointing to growth. Read More
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Bank lending to small businesses predicted to climb over next two years
Monday 29 Apr 2013
Lending from banks to UK businesses is set to increase for the first time in four years, according to predictions by a forecasting group. Read More
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House prices in England and Wales rise
Monday 29 Apr 2013
House prices in England and Wales rose 0.1 per cent in March compared to the previous month, driven by a hike in the cost of homes in London, according to data from the Land Registry out Monday. Read More
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Car production falls in March
Thursday 25 Apr 2013
The total number of cars made in the UK during March fell 6.3 per cent compared to the same period in 2012, according to the Society of Motor Manufacturers and Traders (SMMT). Read More
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BoE's Funding for Lending Scheme aids buy-to-let landlords
Thursday 25 Apr 2013
The Bank of England (BoE)’s Funding for Lending Scheme will provide a major boost to the property market through supporting buy-to-let (BTL) landlords, the Financial Times reported Thursday. Read More
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UK avoids triple dip recession as ONS reveals GDP growth
Thursday 25 Apr 2013
Britain has avoided a triple-dip recession after data showed economy expanded more than expected by 0.3 per cent in the first quarter. Read More
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Unemployment among women set to soar by 2018
Wednesday 24 Apr 2013
A new report out Wednesday has warned that women's unemployment has risen to a 26-year high, while male unemployment has gone in the opposite direction. Read More
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UK mortgage applications fall in March, BBA reveals
Wednesday 24 Apr 2013
UK mortgage approvals fell 1.2 per cent on the year in March to 31,227, according to data from the British Bankers’ Association (BBA) on Wednesday. Read More
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UK manufacturing orders fall unexpectedly, CBI survey reveals
Tuesday 23 Apr 2013
Manufacturing orders in the UK fell more than expected this month as home demand declined, according to the Confederation of British Industry’s (CBI) Industrial Trends Survey on Tuesday. Read More
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