Despite slowdown, wage growth still outpaces inflation.
Current Affairs
UK economy contracts more than anticipated in October
Higher interest rates and severe weather blamed for economic downturn.
House prices expected to dip by 1% in 2024
Rightmove advises sellers to be mindful of pricing strategies.
UK economy faces stagnation until 2025
Multiple challenges contributing to subdued growth.
FSB joins forces with BoE to safeguard SMEs against counterfeit notes
Cash payments set to surge over the Christmas period.
One in four Brits borrow money over Christmas.
Brits set to borrow £14 million this festive season.
Challenges loom for UK retailers
UK inflation shows signs of retreat ahead of Christmas shopping season.
Pensioners top-up benefit deadline approaches
£300 cost of living payment also also on offer.
Manufacturing output declines
CBI survey identifies a widespread downturn.
Pay rises surpass inflation, figures reveal
A sign of potential relief amidst economic challenges.
UK company insolvencies surge by 18% in October 2023
Insolvency numbers rise as directors ‘run out of options’.
UK economy shows no growth in Q3 2023
Stagnation attributed to high interest rates and inflation.
BIRA says inflation figures ‘show promise’
Retailers taking significant steps to keep prices low.
Bank of England holds interest rates steady
Verdict reflects the complex and uncertain economic environment.
BRC calls on Chancellor to ease inflation
Shop price inflation at lowest level since August 2022.
Corporate insolvencies hit two-decade high
Firms struggle against a backdrop of rising business costs.
Small business confidence improves in Q3 2023
Challenges still persist despite points improvement.
Insolvency up by 16.5% from last month
1,967 corporate insolvencies were recorded in September.
UK economy recovery slows in August
Interest rates are expected to remain the same.
Industry backlash at HS2 U-turn
New Midlands transport system not enough say critics.
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