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News And Announcements
30 Oct
Annual house price growth hits 5-year hit but activity set to slow - Nationwide

Annual house price growth in the UK hit a five-year high in October but activity looks set to slow, according to a survey released by Nationwide on Friday.

29 Oct
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Advertisers expected to cut £725m from Christmas marketing budgets

Advertisers are cutting over £700m from their marketing budgets in the run-up to Christmas due to the economic hit from the coronavirus pandemic.

29 Oct
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UK mortgage approvals hit highest level since September 2007

UK mortgage approvals hit their highest level in 13 years in September, while consumer credit declined, according to figures released by the Bank of England on Thursday.

28 Oct
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Bank of Canada stands pat on rates, signals no rate cut until 2023

The Bank of Canada left interest rates unchanged on Wednesday as it signalled there was little chance of a rate hike until 2023.

28 Oct
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Brexit deal may be ready by early November - Bloomberg

A Brexit deal could be ready by early November after progress made by negotiators in unblocking disagreements on maintaining a s0-called 'level playing field' between the UK and the European Union.

28 Oct
homeless
Rural homelessness in UK doubles in two years

Homelessness in rural areas more than doubled over the past two years, revealed a report from countryside charity CPRE and the Rural Services Network on Wednesday.

27 Oct
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UK hotels affected by pandemic will need four years to recover, PwC says

The UK hotel industry could need four years to fully recover from the effects of the coronavirus pandemic and return to 2019 levels of business.

27 Oct
retail shopping high street
UK retail sales fall in October at fastest pace since June - CBI

UK retail sales fell in October at the fastest since June, according to a survey from the Confederation of British Industry.

26 Oct
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Covid-19 causes precariousness for 6m small UK businesses and 16m jobs

An estimated 6m small businesses in the UK which employ around 16. 6m people are now in a precarious situation due to the effects of the coronavirus pandemic on the economy.

26 Oct
boots, pharmacy
Boots to provide new 12-minute coronavirus testing service

Boots will offer a new coronavirus testing service provided by LumiraDx devices that will give its results in 12 minutes.

23 Oct
UK's economic recovery stalls in October

The UK’s economic recovery stalled in October amid rising coronavirus cases and increased restrictions, with growth in the services sector slowing considerably, according to a survey released on Friday.

23 Oct
Japan, Nikkei, Tokyo, Asia
UK and Japan finalise first trade deal, CPTPP membership ahead

Britain and Japan formally signed the first major post-Brexit trade agreement on Friday with Trade Secretary, Liz Truss, also expressing the country's "strong interest" in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

23 Oct
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UK insurers claim autonomous cars on motorways severe threat to road safety

The Association of British Insurers and Thatcham Research institute warned on Friday against the use of autonomous vehicles on motorways in 2021 as it puts lives at risk.

23 Oct
camden high street retail shopping
UK retail sales rise again, beat expectations

UK retail sales rose in September for the fifth consecutive month as they continue to recover from the Covid-19 slump, but analysts sounded a cautious note about the outlook.

23 Oct
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UK consumer confidence tumbles in October - GfK

UK consumer confidence tumbled in October amid growing concerns about the state of the economy and the impact of the coronavirus pandemic, according to a survey released on Friday.

22 Oct
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UK to ban use of celebrities in gambling ads

New regulations for gambling ads in the UK could include a ban on the use of celebrities as the crackdown on marketing targeting under-18s continues.

22 Oct
FCA
Coronavirus crisis widens inequality gap, reveals FCA

The Financial Conduct Authority revealed on Thursday that 12m UK adults are struggling to pay bills during the economic crisis caused by the coronavirus pandemic and that the financial inequality divide is widening.

22 Oct
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Sunak expands Covid job support scheme measures as cases rise

The UK government on Thursday unveiled an expansion of its furlough replacement scheme with the Treasury paying a greater share of workers’ wages to protect companies struggling under new regional Covid-19 restrictions.

22 Oct
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Manufacturing slump eases in October - CBI

The decline in UK manufacturing slowed over the last three months, an industry survey showed on Thursday, as lockdown measures eased and demand picked up.

22 Oct
bank of england andy haldane
BoE's Haldane pulls back on negative interest rates

The Bank of England is not poised to deploy negative interest rates, its chief economist insisted on Thursday.