News And Announcements
Polluting lorries set to be banned in UK under new decarbonisation plan
New diesel and petrol lorries will be banned in the UK by 2040 as part of a new decarbonisation “greenprint” published by the government on Wednesday.
BoA revises 2021 UK CPI forecast higher, but says higher inflation 'transitory'
Economists at Bank of America revised their forecast for UK inflation in 2021 upwards following a stronger-than-expected print on June consumer prices.
UK inflation hits highest level in nearly three years
UK inflation hit its highest level in June since August 2018 as food and transport costs rose, putting pressure on the Bank of England to raise interest rates.
UK plc revenues plunged £349bn in pandemic - survey
UK company revenues plunged by a record £349bn in the first year of the Covid-19 crisis but a strong recovery is under way, according to a survey.
UK police seize haul of cryptocurrency in London worth almost £180m
British detectives seized a haul of cryptocurrency in London on Tuesday that was worth almost £180m.
Energy bill hike to force additional 392,000 UK households into fuel poverty
An estimated 392,000 UK homes could be added to the 3m households already unable to pay energy bills in winter as prices rise by up to 10%.
Rising oil prices could slow recovery, IEA warns
Rising oil prices could slow the global recovery unless major producers can strike a deal to increase production, the International Energy Agency said.
BoE removes restrictions on bank dividends
The Bank of England has removed restrictions on bank dividend payouts introduced in the wake of the Covid-19 pandemic as the sector remains "well-capitalised" and "resilient".
Chinese exports beat expectations as markets reopen
China's exports rose faster than expected in June as lockdown easing and vaccinations in overseas markets more than offset in-country port delays and virus outbreaks.
UK retail sales surge as Covid-19 restrictions ease - BRC
The UK’s retail sector enjoyed a record second quarter, industry research showed on Tuesday, as pandemic restrictions continued to ease.
Heathrow passenger numbers still down nearly 90% compared to pre-pandemic levels
Heathrow passenger numbers are still down nearly 90% compared to the same period in 2019 and are considerably lower than the current numbers of EU rivals.
UK wealth gap balloons during pandemic - Resolution Foundation
The UK wealth gap has widened during this pandemic as the richest 10% gained £50,000 on average, revealed the latest report from the Resolution Foundation.
Airlines and an airport operator take Shapps to court over travel rules
Airlines and an airport operator have launched legal action against the UK government, it emerged on Friday, around the decision-making used by Westminster in coming up with rules governing overseas travel.
UK economic growth slows more than expected in May
UK economic growth slowed more than expected in May, according to figures released on Friday by the Office for National Statistics.
Visits to UK shops flatline in June - BRC
Visits to UK shops flatlined in June as restrictions remained largely unchanged from the month before, an industry survey showed.
Financial services sector booms as recovery takes hold - CBI
The financial services sector reported a surge in business in the last quarter, an industry survey showed on Thursday, as the economic recovery gathered pace.
UK property prices benefit as new listings falter - RICS
The number of new properties coming to market continued to fall in June, industry research showed on Thursday, as demand outstripped faltering supply.
UK retail footfall continues recovering in June, Springboard says
Footfall across UK retail destinations improved markedly at the start of June before easing back after government announced that 'freedom day' would be postponed, the results of a closely-followed survey revealed.
Heathrow to provide fast-track lanes for fully inoculated arrivals
Heathrow announced on Wednesday that it will provide fast-track lanes for fully inoculated arrivals to the UK.
German industrial output unexpectedly drops in May
German industrial output unexpectedly fell in May amid a slump in the production of capital goods such as vehicles and machinery, according to figures released on Wednesday by Destatis.