Growth in the UK’s service sector, which accounts for more than 75 per cent of GDP, slowed unexpectedly in January but activity is still strong and the indications are that the economy is picking up speed for the first quarter of 2014.Continue reading
The price of housing rose by 0.7 per cent in January, the 13th consecutive monthly increase, and prices were also up 8.8 per cent year-on-year, taking the average price of a house in the UK to £176,491. Continue reading
According to the latest figures from the Office for National Statistics (ONS), the UK economy grew by 0.7 per cent in the last quarter of 2013, bringing the annual growth rate to 1.9 per cent, the fastest rate of growth since 2007.Continue reading
The International Monetary Fund (IMF) has raised the UK’s economic growth forecast for 2014 from 1.9 per cent to 2.4 per cent, a higher estimate than for any other major European country.Continue reading
In what may be seen by some as an about turn, the Chancellor George Osborne announced yesterday (January 16) that he is in favour of an above-inflation rise in the minimum wage from the current level of £6.31 for adults aged 21 and above.Continue reading
The Switch Guarantee, which is the new current account switching service, saw a 17 per cent increase year-on-year in customers switching banks during the last quarter of 2013.Continue reading
According to the latest leading indicators and tendencies survey from the Office for Economic Cooperation and Development (OECD), economic growth is firming in the UK, Japan and the US.Continue reading
Christmas 2013 saw a record amount of online shopping, with close to one in five non-food items being bought online in December, according to the British Retail Consortium (BRC).Continue reading
According to the British Chambers of Commerce (BCC), UK economic growth will accelerate faster than first thought in 2014, with key indicators for the economy now higher than before the start of the financial crisis.Continue reading
According to the Centre for Economic and Business Research (CEBR), the UK could be in a position to overtake Germany as the largest economy in Europe by 2030.Continue reading
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