Economic News
London's average rent soars above £2000
Asking rents in London have increased more than anywhere else in the UK, with the monthly rate hitting £2,000 in the second quarter of 2018 as a lack of new property available in parts of the city led to the time to find renters speeding up.
UK govt gives employers 'toolkit' to register EU workers post-Brexit
UK employers, industry groups and community groups will be given a “toolkit” by the government to give EU citizens living in Britain practical advice on how to apply for a settled status that will be legally required post-Brexit.
US new home sales drop to eight-month low in June
Sales of new US single-family homes fell to an eight-month low in June, according to figures released by the Commerce Department on Wednesday.
UK retail sales growth eases in July, outlook weakens - CBI
Growth in UK retail sales eased in July while the outlook was weaker, according to the latest survey from the Confederation of British Industry.
Mortgage approvals fall in June but remortgaging rises
Mortgage approvals fell in June amid a stagnant housing market though remortgage figures rose as borrowers sought out new deals ahead of a potential interest rate increase.
German business sentiment dips less than expected in July - Ifo
German business confidence deteriorated a little in July, according to a widely-followed survey released on Wednesday, most likely due to worries about a trade war.