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News And Announcements
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Sunak to lift public sector pay freeze in latest pre-Budget disclosure

UK Finance Minister Rishi Sunak has confirmed reports her will lift a public sector pay freeze when he presents his budget on Wednesday.

25 Oct
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Rishi Sunak to raise national living wage to £9.50

Chancellor Rishi Sunak will raise the national living wage to £9. 50 as part of Wednesday's budget, giving British workers an extra £1,000 per year.

25 Oct
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UK petrol prices hit record highs as Brent crude reaches $86

UK petrol prices hit a new record high in the UK as global oil prices continue to soar, placing further inflationary pressure on hard-pressed Britons already struggling with surging energy costs and a tax rise.

25 Oct
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Retail footfall declines ahead of half-term break - Springboard

Footfall at UK retail destinations fell last week in the run-up to the half-term holiday and as workers’ return to the office begins to slow, according to data released on Monday by retail analyst Springboard.

25 Oct
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CMA launches probe into Motorola's role in emergency radio systems

The competition regulator has opened an investigation into Motorola Solutions, it announced on Monday, amid concerns that the company is both the owner of the existing ‘Airwave’ radio network used by UK emergency services, and is a key supplier in the planned new ‘Emergency Services Network’ (ESN).

25 Oct
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German business sentiment slumps in October - Ifo

German business sentiment slumped in October amid supply issues, according to a survey released on Monday by the Ifo Institute.

25 Oct
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Small business confidence drops amid inflation and tax hikes

The Federation of Small Businesses warned the Chancellor that concerns about inflation and high taxes had already led some companies to cut back on their hiring and investment plans.

22 Oct
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UK economic growth boosted by services sector

UK economic growth gathered pace in October, underpinned by the services sector, as supply shortages hit manufacturing and cost inflation reached a new record high, according to a survey released on Friday.

22 Oct
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Bank of England's Huw Pill warns inflation could hit 'very uncomfortable' 5%

Inflation in the UK could hit a "very uncomfortable" 5%, according to Huw Pill, the Bank of England's new chief economist.

22 Oct
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Retail sales unexpectedly drop in September

UK retail sales unexpectedly fell in September for the fifth month in a row, according to data released on Friday by the Office for National Statistics.

22 Oct
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UK consumer confidence hit by economic turmoil - GfK

Consumer sentiment has dropped sharply amid economic turmoil including fuel shortages and rising prices, a survey showed.

21 Oct
FRC investigating BDO's audit of collapsed construction group NMCN

The Financial Reporting Council announced on Thursday that it has begun an investigation relating to BDO's audit of construction company NMCN.

21 Oct
Philly Fed index drops more than expected in October

Manufacturing conditions in the Philadelphia region deteriorated a little more than expected in October, according to a survey released on Thursday.

21 Oct
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FCA calls for new legislation to prevent online scams

The Financial Conduct Authority called for legislative changes on Thursday to protect consumers from online scams.

21 Oct
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ECB presses banks to relocate operations from UK - report

The European Central Bank is pushing lenders to add hundreds of extra employees and billions of additional capital to their operations in continental Europe after Brexit failed to spark a big shift, the Financial Times reported.

21 Oct
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Hermes sales rise in Q3 amid upturn in Europe

Luxury French brand Hermes reported a jump in third-quarter sales on Thursday thanks in part to a recovery in sales in Europe.

21 Oct
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UK manufacturing faces rising supply pressures - CBI

UK manufacturing output grew steadily in October but supply pressures continued to rise, a Confederation of British Industry survey showed.

21 Oct
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UK public borrowing halves in first six months of fiscal year

UK public borrowing fell by almost half in the first six months of the financial year as it continued to recover from the impact of the Covid-19 pandemic, according to official data released on Thursday.

20 Oct
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Eurozone inflation rises as expected in September

Eurozone inflation rose as expected in September, according to data released on Wednesday by Eurostat.

20 Oct
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Bundesbank chief Jens Weidmann to step down

Germany’s Central Bank said on Wednesday that President Jens Weidmann will step down at the end of December.