News And Announcements
M&S boss warns of empty shelves in NIreland due to Brexit deal
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 borrowing falls in June
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 face dilemma on funding reform of UK social care system
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 fall as lockdown restrictions ease
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.
London dominates foreign inward investment - ONS
Almost half of foreign direct investment into Britain went to London in 2019 before the Covid pandemic struck, according to official data.
Shopper numbers set to surge as Covid restrictions ease
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.
BoE's Haskel warns against preemptive tightening of monetary policy
One of the Bank of England's top officials argued against reducing monetary stimulus for the economy.
Buyer 'frenzy' pushes UK house prices to fresh high
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.
UK may reinstate some lockdown measures if situation becomes 'unacceptable'
The UK might reinstate some lockdown measures if the latest wave of the coronavirus pandemic becomes unacceptable.
BoJ leaves monetary policy unchanged, downgrades GDP forecast
The Bank of Japan left monetary policy unchanged on Friday but downgraded its 2021 growth forecast.
Empire State manufacturing improves in July
Manufacturing activity in the New York jurisdiction improved more than expected in July, according to a survey released on Thursday.
Philly Fed manufacturing index drops more than expected in July
Manufacturing conditions in the Philadelphia region deteriorated more than expected in July, according to a survey released on Thursday.
US initial jobless claims hit new pandemic-era low of 360,000
First-time unemployment claims dropped to a new Covid-19 pandemic-era low of 360,000 in the week ended 19 June, a marked decrease when compared to the previous week's upwardly revised total of 386,000.
BoE's Saunders warns on inflation risk
The Bank of England may need to take action to curb inflation earlier than expected after conditions for tightening monetary policy were met, a BoE rate setter said on Thursday.
Revolut set to fetch 24bn pound valuation at funding round, Sky reports
A fund raising round is set to turn Revolut into the most valuable fintech company in Britain ever.
UK drug companies fined for overcharging NHS for hydrocortisone tablets
The Competition and Markets Authority has fined UK drug companies more than £260m for overcharging the NHS for hydrocortisone tablets.
UK payroll jobs rise by 356,000 as economy reopens
The number of employees on UK payrolls rose by 356,000 in June as the labour market continued to recover from the worst of the pandemic, official figures showed.
Two-thirds of UK adults fully inoculated
Two-thirds of UK adults have received both doses of a Covid-19 vaccine, reported the health secretary Sajid Javid on Wednesday.
Eurozone industrial production eases in May, missing forecasts
Industrial production fell across the Eurozone in May, official data showed on Wednesday, held back by supply constraints.
UK house prices jump 10% year-on-year
House prices strengthened in May, official figures showed on Tuesday, as they bounced back from April’s dip.