Inflation at 2.5% The UK inflation rate hit 2.5% in the year to June, the highest for nearly three years, as the ‘re-opening’ of the UK economy continued. The Consumer Prices Index (CPI) measure of inflation rose from 2.1% in May, the Office for National Statistics (ONS) said, driven byRead More →
UK inflation jumped to 2.1% in the year to May As the UK economy opened up – consumer spending increased. The Consumer Prices Index (PCI) measure of inflation climbed from 1.5% in April, according to the Office for National Statistics (ONS), driven by the rising cost of clothes, fuel, foodRead More →
Prospects brighter for global economic recovery The OECD (Organisation for Economic Cooperation and Development) said the world economy is likely to expand by 5.6% in 2021. The figure for the UK is 5.1% followed by 4.7% next year. This significantly brighter outlook reflects the deployment of effective vaccines. Stimulus aidRead More →
UK borrowing at record high as virus cost soars Government borrowing surged dramatically to £62 billion in April 2020 according to data released by the Office for National Statistics, was the highest monthly borrowing on record, as a result of substantial government intervention to help ease the coronavirus crisis. TheRead More →
The Office for National Statistics – (ONS) reported UK employment data on 21st January 2020. Job growth strongest for a year The number of people in employment rose by 208,000 to 32.90 million in period September to October – the biggest increase since the three months to January 2019. UnemploymentRead More →
Retail sales fell 0.6% in December, according to the Office for National Statistics (ONS). The fifth consecutive month of no growth. UK consumers failed to increase their spending in December 2019 for a fifth month in a row, adding to signs of a weakening economy. Will this encourage the BankRead More →
The United Kingdom actually reported a trade surplus yesterday, something it failed to achieve since the mid-1980’s. Trade surplus Data published by the Office for National Statistics (ONS) yesterday showed November’s trade surplus was £4031 million, a sensational record high and compares with a record £8145 deficit in March 2019.Read More →
UK GDP growth revised to 0.4% in third quarter of 2019 The ONS had earlier estimated that GDP grew 0.3% in the three months up to the end of September. It has now revised that figure to 0.4%. The Office for National Statistics said, ‘Quarterly GDP growth has been 0.3%Read More →
Market moving daily news roundup – events & news likely to move markets 21st August 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad. Summary Economic news calendar 21st August 2019 main market moving scheduled events UK – public sectorRead More →
Market moving news daily roundup – events & news likely to move markets 13th August 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad. Market moving news roundup, 13th August 2019 Summary Singapore cuts GDP forecast Asian markets slip overnight.Read More →