News And Announcements
UK ONS to treat England council tax rebate as credit
A one-off £150 cut in English household council tax payments in April will be treated as tax credit rather than a reduction in liabilities, the Office for National Statistics said on Monday.
Retail footfall rises in wake of winter storms
UK shops saw a rebound in footfall last week, industry data showed on Monday, after a string of winter storms saw people say home in the prior seven days.
HSBC tells staff to wind down dealings with Russian banks - report
HSBC has told staff to start winding down relations with a number of Russian banks, including VTB, the country’s second-largest lender, it was reported on Monday.
CRH sells Oldcastle Building Envelope in $3.8bn deal
Building materials firm CRH has agreed to sell its Oldcastle Building Envelope unit in a $3. 8bn deal.
Russia hikes interest rates as rouble plunges
Russia’s central bank has doubled interest rates to 20%, as the rouble crashed to historic lows against the dollar.
Russia's VTB Capital suspended from London Stock Exchange
Russian investor VTB Capital had its London Stock Exchange membership suspended on Friday, as part of the UK’s sanctions on Russia.
UK car production slumps by 20% in January
UK car production slumped by a fifth in January as manufacturers were hit by parts shortages, a plant closure and alterations to new models, according to industry data released Friday.
UK consumer confidence plunges as cost of living jumps
UK consumer confidence has dropped to its lowest for more than a year as households face a barrage of rising costs that will squeeze budgets, a survey showed.
BoE governor urges restraint in face of surging inflation
Bank of England governor Andrew Bailey insisted on Wednesday that both workers and companies must show restraint in the face of surging inflation.
Government to discuss Russia sanctions with City firms
The government is to discuss the imposition of potentially tougher financial sanctions on Russia with key City institutions, it was reported on Wednesday.
UK will stop Russia selling sovereign debt in London - Truss
The UK will stop Russia from selling sovereign debt in London, foreign secretary Liz Truss confirmed on Wednesday.
UK imposes sanctions on Russian banks and individuals
Five Russian banks and three high-net worth individuals have been sanctioned by the UK after Vladimir Putin sent tanks into rebel-held regions in eastern Ukraine.
UK factory inflation hits 1970s-style high - CBI
UK manufacturing inflation expectations have hit a high not seen since the mid-1970s, a CBI survey showed.
Oil hits fresh highs as Ukraine crisis escalates
Oil came close to touching $100 a barrel on Tuesday after Russian tanks entered Ukraine.
German business sentiment strengthens
Business sentiment has strengthened in Germany, a closely-watched survey showed on Tuesday, as the economy emerged from the worst of the Covid-19 pandemic.
UK registers budget surplus but inflation fuels debt costs
The UK had its first monthly budget surplus since the start of the pandemic but rising inflation caused debt interest payments to surge, official figures showed.
Bad weather hits half-term shopping - Springboard
UK retail footfall slumped last week after the severe weather kept shoppers at home, industry data showed on Monday.
German economy likely to shrink in the first quarter - Bundesbank
The German economy is likely to shrink in the current quarter, the Bundesbank said on Monday, before rebounding in the spring.
China leaves cost of borrowing unchanged
China left two core benchmark interest rates unchanged on Monday, a move widely-expected following recent cuts.
TfL gets funding extension as Tories continue to squeeze London mayor
Transport for London has been given a five-day extension to its funding package in the latest round of a battle between Labour Mayor Sadiq Khan and the Conservative government over financing the capital’s commuter operator.