Strong growth for service sector boosts UK economy
Growth in the UK’s service sector hit an eight-month high in June, indicating that the UK economy is beginning to ‘pick up speed’. Read more…
Category: Economy
Q1 economic growth revised upwards
In a surprise move, the UK’s economic growth has been revised upwards for the first quarter (Q1) of 2018. Read more…
Card payments now ‘more popular’ than cash in UK, study suggests
The number of debit card payments made in the UK overtook the use of cash in 2017, a new report has revealed. Read more…
Inflation remains at one-year low
UK inflation remained at a one-year low of 2.4 per cent in May, despite many economists predicting a rise to 2.6 per cent following a surge in the cost of global oil prices. Read more…
Business hopes up ahead of holidays
Business owners are more confident in the future of the British economy than they have been in the past five months, according to new research. Lloyds Bank, which published the report, found that
Brexit will have twice the impact on the northern economy compared to the south, says thinktank
Brexit will have double the impact on the north of England compared to the south, according to new research. Thinktank IPPR North, which published the report, said leaving the European Union will have
Hammond urged to support manufacturing in Autumn Budget
The Confederation of British Industry (CBI) has called on the Chancellor, Philip Hammond, to address the UK’s “productivity problem” by using this week’s Autumn Budget announcements to extend greater support to British manufacturers.
Chancellor’s spending and deficit ‘dilemma’
The Institute for Fiscal Studies (IFS) has voiced concerns that the Chancellor Philip Hammond may have to scrap his planned target of eliminating the UK’s deficit by the mid-2020s if he wants to
Economic growth exceeds expectations in third quarter
Official figures have revealed that UK economic growth exceeded expectations in the third quarter (Q3) of 2017. Data suggests that UK gross domestic product (GDP) grew by 0.4 per cent during the three
With Artificial Intelligence, UK economy could see an extra £630 billion
New research suggests that the UK could benefit from £630 billion, if Artificial Intelligence (AI) is supported and backed by the Government. The report, which was published earlier this month, highlighted steps which