Personal Finance
UK house prices fall 1.8% YoY in December on higher mortgage rates
UK house prices fell by a higher-than-expected 1. 8% year on year in December, mortgage lender Nationwide said on Friday, as higher borrowing costs and deposit requirements deterred buyers.
UK spring Budget set for March 6, fuelling election speculation
Britain's spring budget statement will be delivered on March 6, the Treasury announced on Wednesday, amid suggestions the government may axe inheritance tax in an attempt to narrow a large opinion poll deficit ahead of a General Election which must be called by January 2025.
UK retail sales rise by 1.3% in Nov as Black Friday deals boost volumes
UK retail sales volumes rose by 1. 3% in November compared with the prior month, boosted by heavily discounted Black Friday deals, according to official data published on Friday.
UK third-quarter GDP revised down to show 0.1% contraction
The UK economy shrank in the third quarter, according to figures released on Friday by the Office for National Statistics, raising the risk of recession.
Private sector activity weakens again in December, CBI data shows
Activity in the UK's private sector declined again in the three months to December, marking the 18th month in a row without growth, according to the Confederation of British Industry's Growth Indicator released on Friday.
US third-quarter GDP revised down to 4.9%
The US economy grew less than previously estimated in the third quarter, according to figures released on Thursday by the Commerce Department.
Downturn in UK retail sector deepens in December - CBI
The downturn in the UK retail sector deepened in December following a disappointing festive period, according to a survey released on Thursday.
UK government borrows more than expected in November
The UK government borrowed more than expected last month, according to figures released by the Office for National Statistics on Thursday.
UK house prices see steepest annual decline since 2011
The annual rate of decline in UK houses prices dropped in October to its steepest level in 12 years, according to figures out on Wednesday by the Office for National Statistics.
UK inflation eases more than expected in November
UK inflation eased more than expected in November, according to figures released on Wednesday by the Office for National Statistics, boosting rate cut hopes for next year.
CMA and Bank of England ink new partnership to drive collaboration
The Competition and Markets Authority (CMA) and the Bank of England announced a new agreement on Tuesday that will see the two entities collaborate and share information to assist in their independent objectives.
UK manufacturing output stabilises in December - CBI
Output in the UK manufacturing sector stabilised in December, but orders remained subdued, according to a survey released on Tuesday.
US manufacturing PMI falls in December flash reading
A flash reading of S&P Global's US manufacturing PMI fell to 48. 2 in December, the lowest level seen in four months, compared to 49. 4 in November and forecasts of 49. 3.
Ofgem mulls price cap rise to tackle record bad debt
Ofgem is proposing increasing the price cap, it was confirmed on Friday, to help suppliers to recover £3bn of bad debt.
UK house prices set to fall in 2024
House prices are expected to remain under pressure in 2024, according to industry forecasts published on Friday, as high interest rates continue to stretch affordability.
UK consumer confidence ticks higher in December - GfK
UK consumer confidence edged higher in December, a long-running survey showed on Friday, as people became more optimistic for the year ahead.
ECB leaves interest rates on hold
The European Central Bank left interest rates unchanged on Thursday, as widely expected.
US jobless claims unexpectedly fall
The number of Americans filing for unemployment benefits fell last week, according to data released on Thursday by the Labor Department.
Bank of England leaves interest rates on hold
The Bank of England left interest rates on hold at 5. 25% on Thursday, as widely expected.
Norway's central bank hikes interest rates again
Norway's central bank hiked rates again on Thursday, as it looked to combat inflation.