Surprise Jump In Inflation
UK inflation as measured by the Consumer Prices Index (CPI) rose unexpectedly in June, to 1.9 per cent, up from May’s 1.5 per cent and the biggest monthly increase since October 2012. Continue reading
Category Archives: Economy
Small Firms Let Down By Slow Broadband
The Federation of Small Businesses (FSB) has criticised the Government’s “unambitious” broadband programme, calling it “not fit for purpose”, and has called for market reform and a new approach to rolling out rural coverage. Continue reading
Manufacturing Growth Slumps Unexpectedly
Growth in manufacturing output slumped 1.3 per cent in May, the biggest decline since January 2013, according to official figures released yesterday (8 July), while the wider measure of industrial output also decreased over the month, falling by 0.7 per cent.Continue reading
UK Could Achieve Number Five In Global Economic Ranking
The UK will become the world’s fifth biggest economy and the second largest in the European Union, behind Germany, by 2020, according to recent predictions. Continue reading
Cash In On The New ISA Limits
As of today (July 1), the amount that savers can put into the new form of tax-free ISAs increases to £15,000 and, in a change to the rules, they are able to use them for any combination of cash or shares.Continue reading
Consumer Confidence At Nine-Year High
New research has revealed that UK consumer confidence in June has risen to its highest level since 2005, climbing by one point this month to +1 from 0 in May and moving into positive territory for the first time in over nine years.Continue reading
Housing Market Cooling Down
According to the British Bankers’ Association (BBA), the “heat is coming out of the housing market”, with mortgage approvals, which are used as an indicator of future sales, dropping on a monthly basis.Continue reading
House Prices Race Ahead Of Salaries
House prices increased again across the UK in April, taking them some 9.9 per cent higher in the month than during the same time last year and making the typical price of a home £260,000, 10 times the average salary.Continue reading
Inflation Falls To 1.5 Per Cent
Inflation as measured by the Consumer Prices Index (CPI) fell to 1.5 per cent in May, its lowest level in four-and-a-half years and the sixth consecutive month that inflation has been below the Bank of England’s 2 per cent target.Continue reading
Unemployment At Five-Year Low
The jobs market continued to improve in the three months to April, with the number of people out of work falling by 161,000 to 2.16 million, bringing the unemployment rate down to 6.6 per cent, its lowest level since January 2009.Continue reading
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