UK Economy


UK economy grows faster than thought

UK economy grows faster than thought

Source: BBC News | February 22, 2017 10:36 am The UK economy grew by more than previously reported in the final three months of 2016, according to the latest official estimate. Gross Domestic Product (GDP) increased by 0.7%, up from 0.6%, according to the Office for...
UK wage growth outpaces inflation

UK wage growth outpaces inflation

Source: BBC News | February 15, 2017 10:51 am Wages grew 2.6% in the three months to December, faster than the rate of inflation, figures show. However, the rate of wage growth slowed down, leading analysts to suggest households could face a “squeeze” on...
UK inflation highest since June 2014

UK inflation highest since June 2014

Source: BBC News | February 14, 2017 9:52 am Inflation has reached its highest rate for two-and-a-half years, mainly as a result of the rising price of fuel. Annual inflation as measured by the Consumer Prices Index (CPI) reached 1.8% last month, the Office for...
Car prices ‘up by 5%’ since June as inflation threatens

Car prices ‘up by 5%’ since June as inflation threatens

Source: BBC News | February 14, 2017 12:03 am By Brian Milligan Personal Finance reporter Average car prices have risen by 5.2% since the Brexit vote in June 2016, according to industry research. Together with the rising price of fuel and food, it is one reason why...
UK economy to slow down, says EC

UK economy to slow down, says EC

Source: BBC News | February 13, 2017 10:55 am The UK economy will slow down sharply over the next couple of years says the European Commission. Its latest forecast says the UK economy will grow by just 1.5% this year and by 1.2% in 2018, compared to 2% last year. The...
Bank of England sees inflation spreading

Bank of England sees inflation spreading

Source: BBC News | February 8, 2017 1:54 pm By Howard Mustoe Business reporter The Bank of England says price rises already seen in food and fuel will spread to other goods later this year. In a monthly report of business conditions, the Bank said the cost of...
UK economy to slow down this year and next

UK economy to slow down this year and next

Source: BBC News | February 1, 2017 12:02 am The UK economy may slow down in the next couple of years, even while the world economy picks up, says the National Institute of Economic and Social Research (NIESR). Its latest forecast suggests the UK will grow by 1.7%...
Eurozone inflation jumps in January

Eurozone inflation jumps in January

Source: BBC News | January 31, 2017 10:34 am Eurozone inflation hit a near four-year high in January following an increase in energy prices. Inflation in the 19-country bloc jumped to 1.8% last month from 1.1% the month before. Data from Eurostat also showed that the...
UK economy grows by 0.6% in fourth quarter

UK economy grows by 0.6% in fourth quarter

Source: BBC News | January 26, 2017 11:00 am Strong consumer spending helped the UK’s economy to grow faster than expected at the end of last year. The economy grew by 0.6% in the October-to-December period, the same rate as in the previous two quarters,...
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