News And Announcements
The water regulator will permit water suppliers to raise prices for businesses and other non-household customers from next year, in a bid to offset the costs of higher amounts of bad debt amid the Covid-19 pandemic.
A top Bank of England official pushed back on calls for the monetary authority to dial back on stimulus, arguing that inflationary pressures in the UK were transitory, while the pandemic remained a threat.
So-called ‘Freedom Day’ in England saw a rise in retail footfall across the UK last week, fresh data revealed on Monday, with the hot weather seeing some destinations enjoying a larger share of that increase.
German business sentiment unexpectedly deteriorated in July amid supply issues and a rise in Covid cases, according to a survey released on Monday by the Ifo Institute.
Business activity growth in the UK slowed in July, with private sector growth hitting a four-month low as shortages of staff and materials held back the recovery, according to a flash survey released on Friday.
UK consumer confidence edged above pre-pandemic levels in July for the first time, research showed on Friday.
Rising inflation is likely to be temporary, a Bank of England rate setter said in remarks that reined in expectations of imminent policy tightening.
UK factory output rose at a joint-record pace in the past three months but worries about shortages of materials and labour were at their highest since the 1970s, a CBI survey showed.
UK retailer Marks & Spencer warned that it would not supply some Christmas good to Northern Ireland due to increased customs checks as part of the Brexit deal signed by Prime Minister Boris Johnson.
UK public sector net borrowing fell in June as the economy opened up again, according to figures released on Wednesday by the Office for National Statistics.
Ministers risk being accused of making an “intergenerational raid” on taxpayers to fund the soaring cost of social care in the UK, according to financial analysts.
UK grocery sales have fallen, industry research showed on Tuesday, as lockdown restrictions continued to ease and football fans went out to watch Euro 2020.
Almost half of foreign direct investment into Britain went to London in 2019 before the Covid pandemic struck, according to official data.
Footfall across all retail destinations is expected to spike by nearly 20% following Monday’s lifting of Covid restrictions, according to research published by Springboard.
One of the Bank of England's top officials argued against reducing monetary stimulus for the economy.
House prices have hit another fresh high, industry data showed on Monday, despite the stamp duty holiday coming to an end, as surging demand outstripped supply.
The UK might reinstate some lockdown measures if the latest wave of the coronavirus pandemic becomes unacceptable.
The Bank of Japan left monetary policy unchanged on Friday but downgraded its 2021 growth forecast.
Manufacturing activity in the New York jurisdiction improved more than expected in July, according to a survey released on Thursday.
Manufacturing conditions in the Philadelphia region deteriorated more than expected in July, according to a survey released on Thursday.