Bank of England Governor Mark Carney announced today (13 August) that the Bank is halving its forecast for average wage growth, saying it now expects average salaries to rise by only 1.25 per cent this year. Continue reading
Although the UK’s industrial and manufacturing output moved back into growth during June, the rise was smaller than expected and suggested that overall economic growth is still being dominated by the services sector. Continue reading
UK house building grew at its fastest rate in nearly 11 years last month, driven by strong demand for new projects according to the Markit UK Construction Purchasing Managers’ Index (PMI) survey. Continue reading
Although the pace of UK factory output slowed in July, it is continuing to enjoy one of its strongest growth periods for 22 years as it steps up to meet strong demand, according to research firm Markit. Continue reading
House price growth slowed in July offering further evidence that the market has stopped accelerating, although the annual rate of increase is still in double figures. Continue reading
Although the number of personal insolvencies rose in the second quarter of this year, the number of firms going into liquidation decreased compared with the same period in 2013, and administrations, company voluntary arrangements and receiverships were also lower than during the same time a year ago.Continue reading
5G internet, which is as much as 250 times faster than 4G and can download an 800 megabyte film in one second, will be available in London by 2020, according to Mayor Boris Johnson. Continue reading
The UK economy is finally bigger than it was before the financial crisis started six years ago, growing by 0.8 per cent between April and June, according to official data from the Office for National Statistics (ONS). Continue reading
Although public sector net borrowing was £0.1bn less in June than during the same month in 2013, underlying public sector net borrowing was £2.4bn higher in the first three months of the new tax year, between April and June, than during same period in 2013/14. Continue reading
Property sales in the UK hit their joint highest monthly total since the financial crisis began last month, with 109,580 sales in June, the same as in November last year, and the highest since the end of 2007, according to information from HM Revenue & Customs (HMRC).Continue reading
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