Following the extended effects of Brexit on the UK economy, figures from the Department for International Trade has found that trade with the EU has fallen by 1.7% in the… The post UK trade with non-EU countries continues to grow following Brexit appeared first on London Business News | Londonlovesbusiness.com.
Deficits of UK pension schemes have fallen by around £72bn over the month to 31 December 2021 against long-term funding targets, an analysis from XPS’s DB:UK funding tracker has revealed.… The post Bank of England interest rate rise drives UK pension scheme deficits down by £72bn appeared first on London Business News | Londonlovesbusiness.com.
Growth slowed more than expected in 2021Q3, with the GDP increase revised down to 1.1% (QOQ) from 1.3%. Moreover, the Markit surveys suggested activity slowed in December. Nevertheless, assuming there… The post What does 2022 have in store for the UK economy? appeared first on London Business News | Londonlovesbusiness.com.
UK gross domestic product (GDP) is estimated to have increased by 1.1% in Quarter 3 (July to Sept) 2021, revised from the first estimate of a 1.3% increase, according to… The post UK economy was struggling to accelerate even before Omicron appeared first on London Business News | Londonlovesbusiness.com.
Government borrowing for November was £4.9 billion less than a year ago, according to official figures out today. Tax receipts were up by £1.6 billion but outgoings were still £17.4… The post Borrowing figures indicate chancellor has scope to help out appeared first on London Business News | Londonlovesbusiness.com.
Retail sales grew by a better-than-expected 1.4 per cent month-on-month in November, according to the latest data from the Office for National Statistics (ONS). City economists had forecast 0.8 per… The post Santa comes early for retailers, but Omicron is a present they’d like to return appeared first on London Business News | Londonlovesbusiness.com.
Inflation is at a 10-year high, figures from the Office for National Statistics showed today. Cost pressures have been primarily linked to global supply issues while producer figures suggest there’s… The post Living standards squeeze shows no sign of easing appeared first on London Business News | Londonlovesbusiness.com.
The FTSE 100 started a bit lower on Wednesday after UK inflation moderated to come in just short of expectations. AJ Bell financial analyst Danni Hewson: “However, these figures are… The post FTSE 100 dips after inflation fall appeared first on London Business News | Londonlovesbusiness.com.
The UK economy grew by 0.4% in August, but GDP remains 0.8% below its pre-pandemic level in February 2020, according to the Office for National Statistics. The monthly gain is… The post Summer fun boosts the economy but growth isn’t expected to hang around appeared first on London Business News | Londonlovesbusiness.com.
