UK services hit by looming Brexit vote and fiscal squeeze
The UK economy is likely to have expanded by a solid but “unexciting” 0.5 per cent in the final three months of last year after growth in the country’s dominant services sector dipped slightly in December, according to the research group that compiles the purchasing managers’ index surveys of activity.
UK manufacturing growth continues but pace slows
While lending figures surged at the fastest rate recorded in ten years during the last month of 2015, the news was not quite as positive for Britain’s manufacturing sector, which recorded a decline in growth during the same period.
CIPD: British wage increase ‘likely to disappoint’ this year
According to the Chartered Institute of Personnel and Development (CIPD), wage increases across the UK are expected to stick at the 2 per cent level for the rest of this year.
CBI: ‘UK retail sales rise during December but January forecast is weak’
While the overall rate of retail sales has gone up in Britain during the countdown to Christmas, performance was weaker than initial predictions had stated, according to the Confederation of British Industry (CBI).
Economic growth ‘could face barrier due to new living wage’
According to a recent study conducted by the Confederation of British Industry (CBI), the UK’s level of economic recovery could face barriers such as the higher costs employers will have to pay for the new national living wage.
Survey puts spotlight back on HMRC’s helpline
It would be fair to say that it’s been a turbulent year for HM Revenue & Customs (HMRC).Continue reading
ONS: rate of house prices growth is ‘speeding up’
According to the Office for National Statistics (ONS), property price growth picked up pace in October, with indications showing that there has been a surge in buy-to-let property purchases ahead of tax changes that will affect the sector.Continue reading
November sees UK inflation rate rise
According to the Office for National Statistics (ONS), the inflation rate for the UK increased to 0.1 per cent last month for the first time in four months.Continue reading
Businesses feel the pressure despite Government cuts to corporation tax
Recent statistics have revealed that the largest UK businesses paid £80.5 billion in taxes this year, despite recent corporation tax cuts.Continue reading
UK receives IMF warning regarding risks to its strong economic progress
The UK has received a report from the International Monetary Fund (IMF) which outlines possible risks to its period of economic strength continuing, despite being praised for the progress made so far.Continue reading
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