Economy NEWS

Train strikes announced for May bank holiday week

The train drivers’ union, ASLEF, has announced a new series of strikes and an overtime ban for the bank holiday week in early May. It’s part of a long-running pay dispute with 16 … Continue reading “Train strikes announced for May bank holiday week”


UK access to medicines hampered by supply issues and Brexit

Medicine shortages have become more common in the UK in the past few years, according to research by the Nuffield Trust. Although global problems with supply chains and the availability of key ingredients … Continue reading “UK access to medicines hampered by supply issues and Brexit”


UK inflation eases to 3.2%

Price rises are continuing to slow down and UK inflation is now at its lowest level for two and a half years. The consumer prices index (CPI) measure of inflation eased to 3.2% … Continue reading “UK inflation eases to 3.2%”


UK wage growth still ahead of price rises

Pay rises for UK workers remain well above inflation, which could factor into the Bank of England’s decision on when to cut interest rates. Regular pay, excluding bonuses, increased by an average of … Continue reading “UK wage growth still ahead of price rises”


UK GDP continuing to grow

The UK economy has seen another month of slight growth, raising hopes that the country is moving out of recession. Gross domestic product (GDP) grew by 0.1% in February, following an increase of … Continue reading “UK GDP continuing to grow”


Estate agents see increase in new buyer enquiries

Sentiment in the UK property market is gradually improving, according to a survey of estate agents. The Royal Institute of Chartered Surveyors (RICS) found that more properties are being listed for sale and … Continue reading “Estate agents see increase in new buyer enquiries”


£100m funding launched to drive transition to zero emission buses

New funding aims to accelerate the rollout of electric buses across the UK. The UK Infrastructure Bank and HSBC, alongside rolling stock company Rock Rail and the investment arm of Aviva, have formed … Continue reading “£100m funding launched to drive transition to zero emission buses”


Rise in mortgage rates hits UK property market

UK house prices declined in March for the first time in six months, according to the latest data from Halifax. The average cost of a home stood at £288,430 last month, down 1% … Continue reading “Rise in mortgage rates hits UK property market”


Brexit fees on food imports ‘will increase prices’

New import regulations are likely to increase food prices in British shops. The Brexit-related Common User Charge will apply to imports of plant and animal products, such as cheese, fish and sausages as … Continue reading “Brexit fees on food imports ‘will increase prices’”


Further easing of grocery price inflation

Price rises in the supermarkets are continuing to come down but consumers are still on the lookout for bargains, according to the latest data. Industry analyst Kantar has reported grocery price inflation of … Continue reading “Further easing of grocery price inflation”


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