Economy NEWS

UK economy ‘to get worse before it gets better’

The UK economy will get worse before it gets better, Chancellor Rishi Sunak has warned. In a speech to MPs, Sunak said that new national restrictions to control the spread of coronavirus are … Continue reading “UK economy ‘to get worse before it gets better’”


UK mortgage approvals reach 13-year high

Lenders in the UK approved more than 100,000 new mortgages in November, the most since the start of the financial crisis in August 2007, according to the Bank of England. The housing market … Continue reading “UK mortgage approvals reach 13-year high”


Four-day week ‘affordable for most firms’

Most firms in the UK could afford to switch to a four-day (32 hour) working week, according to a new study. The research by think tank Autonomy is based on profitability statistics on … Continue reading “Four-day week ‘affordable for most firms’”


Border closure could lead to gaps on supermarket shelves

UK supermarkets have warned that gaps may start to appear on shelves within days after France closed its borders to UK freight traffic. The blanket ban on arrivals from the UK came on … Continue reading “Border closure could lead to gaps on supermarket shelves”


Lower prices for clothing and food drive down UK inflation

The UK’s inflation rate fell to 0.3% in November from 0.7% in October, according to the latest monthly report from the Office for National Statistics (ONS). Lower prices for clothing, food and non-alcoholic … Continue reading “Lower prices for clothing and food drive down UK inflation”


Academy of Certified Professional Managers switches to online operations

The Academy of Certified Professional Managers (ACPM) has celebrated its tenth anniversary in 2019. In his welcoming speech to members, ACPM Director Richard Oliphant said that they need to gleen the best from … Continue reading “Academy of Certified Professional Managers switches to online operations”


UK could be heading for double-dip recession

Activity in the UK’s private sector contracted in November as the national lockdown in England ended four months of expansion, according to early data. The IHS Markit/CIPS Flash UK Composite PMI is down … Continue reading “UK could be heading for double-dip recession”


Coronavirus: redundancies reach record high

UK employers made a record 314,000 redundancies in the three months to September, according to new figures from the Office for National Statistics (ONS). The unemployment rate rose to 4.8% in the same … Continue reading “Coronavirus: redundancies reach record high”


‘Real living wage’ for UK workers rises to £9.50 an hour

More than 250,000 people who work for an employer accredited with the Living Wage Foundation are set to get a pay rise. Almost 7,000 employers across the UK have pledged to pay the … Continue reading “‘Real living wage’ for UK workers rises to £9.50 an hour”


How will home working affect the UK economy?

UK businesses could suffer from a lack of creativity due to colleagues not being able to interact in the workplace during the Covid-19 crisis, the Bank of England’s chief economist has warned. Covid-19 … Continue reading “How will home working affect the UK economy?”


Navigate Articles by Page ....

1 2 3 33