News And Announcements
German exports unexpectedly jump
German exports rose unexpectedly at the end of 2021, official data showed on Wednesday.
We should have been tougher on suppliers - Ofgem
Ofgem has accepted it should have toughed up financial oversight of the energy market much earlier, a week after it announced household bills would spike by 54% this year.
UK house prices set for big slowdown after weak January - Halifax
British house prices are expected to slow “considerably” over the next 12 months as households face a cost-of-living squeeze, mortgage lender Halifax said on Monday.
Russia using gas exports for leverage on Ukraine dispute - EU chief
The European Union is in discussions with the US and other potential suppliers about securing more gas deliveries to Europe in the face of “growing evidence” Russia is using exports as political leverage, said EU Commission President Ursula von der Leyen.
Eurozone investor sentiment improves as Covid cases fall
Investor sentiment strengthened across the Eurozone in February, a closely-watched survey showed, beating expectations.
UK new car registrations rise in January, FY growth forecast cut
New car registrations rose 27. 5% across the UK in January but the Society of Motor Manufacturers and Traders warned that registrations were also likely to grow at a slower than previously expected clip in 2022 as heightened living costs and ongoing supply problems weighed on sales.
German factory orders rise more than expected in December
German factory orders rose much more than expected in December, with domestic demand driving growth, according to figures released on Friday by Destatis.
UK construction sector growth hits six-month high
Growth in the UK construction sector hit a six-month high in January as cost pressures and worries about Omicron eased, according to a survey released on Friday.
UK retail sector sees sluggish start to 2022
The UK retail sector got off to a sluggish start in 2022, industry data showed on Friday, despite a fall in Covid cases and the easing of restrictions.
UK property market has busiest January on record - Rightmove
The UK property market had its busiest January on record as buyer enquiries and homes for sale rose strongly, Rightmove said.
Bank of England ups interest rates to 0.5%
The Bank of England has increased interest rates to 0. 5%, it was announced on Thursday, as it looks to curb soaring inflation.
Households to receive up to £350 to tackle cost of living squeeze
The chancellor has set out a series of measures intended to help households tackle the soaring cost of living.
Energy bills to surge for millions
The energy price cap will rise by more than 50% from 1 April, Ofgem confirmed on Thursday, causing average household energy bills to surge to around £2,000 a year.
UK services prices rise at fastest pace for 25 years - PMI
Prices charged by UK service providers rose at the fastest pace for more than 25 years in January as business activity strengthened, a survey showed.
UK construction sector upbeat for year ahead - RICS
The UK construction sector expects to grow throughout the current year, an industry survey showed on Thursday, despite ongoing skills and material shortages.
Government to announce energy bill rebate - report
The government is poised to announce a rebate on energy bills, it was reported on Tuesday, a day ahead of Ofgem announcing how much the price cap will rise by.
UK shop-price inflation surges - survey
The rate of price rises in UK shops almost doubled in January, adding to pressure on the cost of living with more increases to come, according to a survey.
Eurozone unemployment rate hits record low
Unemployment eased across the Eurozone to pre-pandemic levels, official data showed on Tuesday, helped by better-than-expected figures in Germany, the bloc’s largest economy.
Mortgage approvals unexpectedly jump in December - BoE
Mortgage approvals jumped in December, data from the Bank of England showed on Tuesday, beating expectations.
Eurozone manufacturing PMI hits 5-month high
Growth in the eurozone manufacturing sector accelerated in January as supply chain issues started to ease, according to a survey released on Tuesday.