News And Announcements
UK house prices soar to fresh highs - ONS
UK house prices rocketed to fresh highs in November, official data showed on Wednesday, with the average cost of buying a home in London topping £500,000 for the first time.
Brexit has led to loss of 2,500 British finance jobs and €170bn moving to France
Britain’s exit from the European Union is the cause of 2,500 finance jobs and €170bn in assets moving to France, said the governor of the Bank of France on Wednesday.
UK inflation rises in December despite Covid curbs
UK inflation nudged higher in December, official data showed on Wednesday, despite the latest round of lockdown restrictions closing many shops and leisure outlets.
German inflation weighed down by VAT cut
Inflation rose only marginally in Germany across 2020, weighed down by the temporary reduction in sales tax and a slump energy prices, official data confirmed on Tuesday.
German investor sentiment improves in January
German investor sentiment improved more than expected in January despite the Covid-19 crisis, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
LME set to close its doors for first time since WWII
One of the last remaining open-outcry trading floors in the world may soon shut its doors for good.
One third of people have cash payments refused due to pandemic
One in three people have had payments refused and have been unable to pay in cash since the start of the pandemic, shows Which?.
CBI calls for furlough scheme to be extended
The Confederation of British Industry has called on the chancellor to extend the furlough scheme, warning that companies had been hit hard by the latest round of lockdown restrictions.
UK film industry asks government to provide support for struggling cinemas
A group of high profile names in the film industry have written an open letter calling for government support cinemas that are struggling due to the onslaught of the pandemic.
Shellfish lorries park near Downing Street in protest over Brexit chaos
At least 10 shellfish lorries are parked on roads near Downing Street and the British parliament on Monday in protest over the chaos at the border after Brexit.
UK retail footfall drops in second week of lockdown
Visits to UK shops continued to fall in the second full week of lockdown but the rate of decline was less than under the first Covid-19 shutdown, a survey showed.
New York manufacturing activity deteriorates in January
Manufacturing activity in the New York jurisdiction unexpectedly deteriorated in January, according to a survey released on Friday.
UK economy shrinks 2.6% in November
The UK economy shrank 2. 6% in November but beat expectations as the government imposed a second Covid-19 lockdown on England, official figures showed.
Pubs and restaurants hit by Christmas misery - survey
Tightening restrictions to stem Covid-19 infections caused Christmas misery for Britain's pubs and restaurants as sales plunged, a survey showed.
Most who have had Covid-19 protected for 'at least' five months, study shows
People who have recovered from Covid-19 are "highly likely" to have immunity for at least five months, but may still infect others, a study found.
China trade surplus hits record high
China’s trade surplus hit fresh highs in December, according to official data, fuelled by strong global demand.
Government launches legal bid to ban former Carillion directors
The government has launched legal proceedings against the former directors of Carillion, the collapsed outsourcing giant.
UK housing market starting to cool - RICS
The UK’s booming housing market weakened in December, a closely-watched industry survey suggested on Thursday, after a number of key indicators softened.
German economy shrinks 5% in 2020
Germany's economy shrank by 5% in 2020 as Covid-19 hit domestic and foreign demand in Europe's biggest economy, official figures showed.
Lowest earners worst off financially during pandemic - JRF
People already struggling with poverty and those with the lowest wages have been worst hit by the pandemic said the Joseph Rowntree Foundation in its latest report.