Economy NEWS

Global web outage topples Amazon and GOV.UK

Several of the world’s biggest websites went down on Tuesday morning after a glitch at US-based cloud computing services provider Fastly. Amazon, Reddit and the UK government website, GOV.UK, were among the sites … Continue reading “Global web outage topples Amazon and GOV.UK”

Retail price rises on the horizon, says BRC

Retailers are facing growing cost pressures and shop prices are likely to rise later in the year, the British Retail Consortium (BRC) has warned. The latest Shop Price Index from the BRC and … Continue reading “Retail price rises on the horizon, says BRC”

Vaccine rollout boosts shopper confidence

The appeal of the big weekly shop seems to be fading, with UK shoppers going to the supermarket more frequently and spending less on each trip. New figures from data company Kantar show … Continue reading “Vaccine rollout boosts shopper confidence”

Ofgem invests £300m to expand car charging network

Britain’s energy regulator will invest £300m in infrastructure to support the uptake of electric vehicles. Ofgem’s funding will provide the cabling for 1,800 new ultra-rapid charge points at motorway service areas and key … Continue reading “Ofgem invests £300m to expand car charging network”

Consumers likely to play safe rather than spend, spend, spend

Half (51%) of people in the UK who have built up their savings during the pandemic intend to hang onto these funds, new research suggests. The findings pose a challenge to the view … Continue reading “Consumers likely to play safe rather than spend, spend, spend”

Job vacancies highest for a year

The UK jobs market is showing “early signs of recovery”, according to the Office for National Statistics (ONS). New data released on Tuesday showed a slight fall in unemployment and job vacancies reaching … Continue reading “Job vacancies highest for a year”

UK economy picked up in March

The UK economy contracted by 1.5% in the first three months of 2021 but showed strong growth in March, according to new figures from the Office for National Statistics (ONS). Across the first … Continue reading “UK economy picked up in March”

UK economy expected to bounce back by end-2022

The UK economy will return to its pre-pandemic level by the end of 2022, according to a new analysis by the National Institute of Economic and Social Research (NIESR). In its spring 2021 … Continue reading “UK economy expected to bounce back by end-2022”

Remote working ‘here to stay’

UK offices will never be quite the same again. With employees across the country working from home during the Covid-19 pandemic, it’s likely that many will not be returning to the office – … Continue reading “Remote working ‘here to stay’”

Report highlights ‘U-shaped’ jobs impact of pandemic

The Covid-19 pandemic has led to the biggest annual fall in employment for older workers since the 1980s, according to a new report. The Resolution Foundation, supported by the Nuffield Foundation, examined the … Continue reading “Report highlights ‘U-shaped’ jobs impact of pandemic”

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