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Economic news

Tourist numbers rise as the pound falls

Tourist numbers rise as the pound falls

Fri, 18 August 2017

(ShareCast News) - According to a report from the Office for National Statistics 3.5m overseas residents visited the UK in June, bringing a £2.2bn boost to the economy along with them. While the major... [more]

Spending at pubs and restaurants holds up despite consumer squeeze

Spending at pubs and restaurants holds up despite consumer squeeze

Fri, 18 August 2017

(ShareCast News) - Spending in at pubs and restaurants in July held firm at fairly subdued levels in July, according to new research published on Friday that indicates consumers are prioritising certa... [more]

Leaving EU without trade deal would not hurt UK - Thinktank

Leaving EU without trade deal would not hurt UK - Thinktank

Fri, 18 August 2017

(ShareCast News) - Leaving the European Union without a trade deal in place would not be a disaster for the British economy, a right-wing think tank claimed on Friday. In a report, the Institute of Ec... [more]

Investors more confident in Asia Pacific and Europe region than UK and US

Investors more confident in Asia Pacific and Europe region than UK and US

Thu, 17 August 2017

(ShareCast News) - UK investors are most confident about backing the Asia Pacific region and global emerging markets more than the UK stock market, according to new research. According to the monthly ... [more]

Just 40% of new businesses operating with insurance - AXA

Just 40% of new businesses operating with insurance - AXA

Thu, 17 August 2017

(ShareCast News) - More people than ever are throwing off the shackles to start their own business, but are doing so without appropriate insurance, UK insurer AXA has revealed in a survey. Only four o... [more]

British households cutting costs at two year high

Thu, 17 August 2017

(ShareCast News) - An increasing number of Britons have sought to change spending habits in order to cut down on household expenses over the second quarter of the year, citing a weaker pound as the ma... [more]

UK retail sales remain subdued but beat forecasts

Thu, 17 August 2017

(ShareCast News) - UK retail sales were stronger than expected in July but strong food sales are continuing to mask wider weakness as consumers feel the pinch. Total retail sales rose 0.3% for a secon... [more]

US FDIC files High Court LIBOR suit against several High Street lenders

Thu, 17 August 2017

(ShareCast News) - A federal US government agency has brought a case against several of the world's largest banks, including the biggest UK lenders, alleging that their manipulation of the London Inte... [more]

Amazon to create 1,000 jobs at new Bristol warehouse

Wed, 16 August 2017

(ShareCast News) - US ecommerce giant Amazon will open a new warehouse in Bristol next year, hiring over 1,000 people in the process. The Seattle-based company was planning to increase its operations ... [more]

Used cars sales decline after record first quarter

Wed, 16 August 2017

(ShareCast News) - UK used car transactions skidded lower in the second quarter of 2017, mirroring the fall in new car sales. According to the UK car industry's trade body, used cars transactions decr... [more]

Energy boss warns of volatile gas prices after rig closure

Wed, 16 August 2017

(ShareCast News) - Gas prices are set for increased volatility heading into winter after the closure of a major storage facility off the east coast of England, the CEO of a key energy alliance group h... [more]

UK wage growth inches higher as unemployment falls to 42-year low

Wed, 16 August 2017

(ShareCast News) - UK unemployment has unexpectedly fallen to a new 42-year low and helped nudge average earnings slightly higher, though real wages remain in decline due to elevated inflation. The IL... [more]

Irish hard border will not return, UK Brexit paper says

Wed, 16 August 2017

(ShareCast News) - A UK government positioning paper has said that ensuring there is no hard border between Northern Ireland and the Republic of Ireland will be a top priority as Brexit negotiations c... [more]

UK house price growth eases for third month in row

Tue, 15 August 2017

(ShareCast News) - UK house price growth softened for a third consecutive month, according to official figures published on Tuesday, as the market slips on political and economic uncertainty. Based on... [more]

IATA reports air passenger growth at a 12-year high

Tue, 15 August 2017

(ShareCast News) - The financial outlook for airline carriers is improving, as passenger yields begin to reverse a multi-year downtrend and amid increased demand for premium passengers - especially in... [more]

Bank rate hike odds recede as inflation remains unmoved

Tue, 15 August 2017

(ShareCast News) - UK inflation surprisingly held steady in July, reducing some of the pressure on the Bank of England for a rate hike but keeping up the squeeze on household budgets. The UK consumer ... [more]

Increasing number of applicants keeps UK pay growth low

Mon, 14 August 2017

(ShareCast News) - Basic pay in the UK is predicted to rise just 1% over the next 12 months, according to new research published on Monday. Private-sector employees can expect to an average 2% increas... [more]

Policy maker advises Bank of England to be 'a bit more activist'

Fri, 11 August 2017

(ShareCast News) - Michael Saunders, an external member of the Bank of England's monetary policy committee has said leaving the European Union will have long-term effects on the British economy while ... [more]

Prolonged period of 'very modest' house price growth ahead

Fri, 11 August 2017

(ShareCast News) - Research from Oxford Economics published on Friday said that house price growth in the UK is "running out of steam," with a prolonged period of modest growth likely ahead. Annual ho... [more]

Reuters poll says another 'two to three' years of growth for US

Fri, 11 August 2017

(ShareCast News) - According to a recent poll of economists undertaken by Reuters, the US economic expansion will last "at least another two years," but perhaps not at the speed which the Trump admini... [more]

UK GDP growth slips to 0.2% in July, NIESR expects improvement

Thu, 10 August 2017

(ShareCast News) - Britain's economy slowed further in July on the back of weaker services sector activity, according to a closely-followed estimate of trends in the economy, although improvement was ... [more]

Rising interests rates pose biggest threat to the global economy - Rogoff

Thu, 10 August 2017

(ShareCast News) - Ken Rogoff, former chief economist of the International Monetary Fund (IMF) has warned that rising interest rates "threaten the global economy." Talking to the BBC, Rogoff went on t... [more]

UK industrial production improves more than expected - ONS

Thu, 10 August 2017

(ShareCast News) - UK industrial activity improved more than expected in June as manufacturing production and mining production improved. The Office for National Statistics reported that overall indus... [more]

UK foreign trade deficit widens unexpectedly in June

Thu, 10 August 2017

(ShareCast News) - Britain's trade deficit with the rest of the world increased in June on the back of higher volumes of imported goods and services. The total trade deficit worsened by £2.0bn to -£4.... [more]

BoE deputy warns of strain on regulation after Brexit

Wed, 09 August 2017

(ShareCast News) - The Bank of England's ability to regulate the UK's financial sector will be put under strain as a result of Brexit, deputy governor Sam Woods warned on Wednesday. In a letter to N... [more]