UK consumers borrowed an additional £1.9bn in February, a five-year high, of which £1.5bn was borrowing racked up on credit cards. Mortgage approvals fell slightly in February, but remained above… The post UK consumer borrowing rises to five-year high appeared first on London Business News | Londonlovesbusiness.com.
The Office For National Statistics (ONS) has today revealed its estimates of household incomes and inequality in the UK for the financial year ending 2021. For the financial year 2021,… The post Household income worries spike amid inflation woes appeared first on London Business News | Londonlovesbusiness.com.
The Royal Mint today announced that it has partnered with Quintet Private Bank to introduce the use of recycled gold in an exchange-traded commodity (ETC). The Royal Mint Physical Gold… The post The Royal Mint partners with Quintet Private Bank to introduce the use of recycled gold in an exchange-traded commodity appeared first on London…
NatWest has bought back £1.2 billion of shares from the UK government, it announced today. Alison Rose, chief executive, said: “Reducing government ownership below 50 per cent is an important… The post Government pockets £1.2bn from NatWest sale appeared first on London Business News | Londonlovesbusiness.com.
UK commercial vehicle (CV) production grew 92.2% in the second month of 2022, with 8,278 vans, trucks, taxis, buses and coaches rolling out of British factories, according to figures published today… The post UK commercial vehicle production rises 92.2% in February but still below pre-pandemic levels appeared first on London Business News | Londonlovesbusiness.com.
Retail sales fell 0.3% in Feb 2022, the Office for National Statistics show. Over three months prices have risen 7.2% while 51% of adults say they’re spending less on non-essentials… The post Price rises start to take toll on retailers appeared first on London Business News | Londonlovesbusiness.com.
The United States and European Commission have agreed a new partnership to cut Europe’s reliance on Russian energy. The White House says: “It will work to ensure energy security for… The post US and EC agree deal to cut dependence on Russian gas appeared first on London Business News | Londonlovesbusiness.com.
Billionaire Sir Christopher Hohn has called on shareholders to vote against bank directors involved in “greenwashing”, and who lobby against climate action. He said: “Any bank making a net zero… The post Sir Chris Hohn to investors: Vote against ‘greenwashing’ bank directors appeared first on London Business News | Londonlovesbusiness.com.
GfK’s long-running Consumer Confidence Index decreased five points to -31 in March. All five measures were down in comparison to the February 25th announcement. Joe Staton, Client Strategy Director GfK,… The post Consumer Confidence drops five points to -31 in March appeared first on London Business News | Londonlovesbusiness.com.
Governments effectively choosing to subsidise the use hydrocarbons via cuts in fuel duty, Egypt calling in the IMF to help it handle surging wheat and oil prices and chaos in… The post How high can commodity prices go? appeared first on London Business News | Londonlovesbusiness.com.
