News And Announcements
Eurozone industrial production rises more than expected in August
Eurozone industrial production rose more than expected in August, according to figures released on Wednesday by Eurostat.
Government to impose cap on green power revenues
The UK government has confirmed that renewable energy generators will have their revenues capped in a de-facto windfall tax.
UK economy unexpectedly shrinks in August
The UK economy unexpectedly contracted in August for the first time in two months, raising the risk of a recession.
Bank signals readiness to extend bond buying if needed - FT
The Bank of England may extend its backstop programme for the UK government bond market past its 15 October deadline, the Financial Times reported, citing people briefed on the discussions.
Bank of England expands bond-buying programme
The Bank of England expanded its emergency bond-buying programme on Tuesday for the second time this week.
IMF downgrades UK, global growth forecasts for 2023
The International Monetary Fund cut its global growth forecast for next year on Tuesday, citing the conflict in Ukraine, food and energy inflation and higher interest rates, as it warned the worst was still to come.
UK grocery price inflation hits 13.9%
Grocery price inflation hit yet another fresh record, according to Kantar, coming in at 13. 9% over September and adding £643 to the average annual grocery bill.
Heathrow cheers busy summer, prepares to lift passenger cap
Heathrow was the busiest European air travel hub over summer, the airport operator said on Tuesday, although it warned that the outlook for demand remained uncertain.
UK unemployment rate falls to lowest since 1974
The UK unemployment rate fell in the three months to August to its lowest level since February 1974 as more Britons dropped out of the workforce due to long-term illness.
High street under pressure as inflation bites - BRC
Sales volumes continued to fall in September, according to industry research published on Tuesday, as weakening consumer confidence weighed heavily on spending.
Fitch downgrades UK growth forecasts, warns of deeper recession
Fitch Ratings downgraded its UK growth forecast for next year on Monday, as it warned a deeper-than-expected recession is now likely.
German govt to pay December gas bills for households, SMEs
The German government will pay the December gas bill for its citizens and small-to-medium sized businesses, under a planned cap published by a state-appointed expert panel on Monday.
UK retail footfall drops 1.6% week-on-week
UK retail footfall contracted week-on-week in the seven days ended 9 October, with rising energy prices seemingly impacting retail appetite.
Government bows to pressure and brings forward spending plans
Chancellor Kwasi Kwarteng has bowed to pressure and brought forward publication of the government’s spending plans, it was confirmed on Monday.
Ministers pressing ahead with renewable energy windfall tax - report
UK ministers are reportedly pressing ahead with plans to cap prices at renewable energy generators, after talks failed to persuade them to voluntarily fix contracts well below the current wholesale rates.
BoE expands emergency bond-buying scheme
The Bank of England has announced fresh measures to support the UK’s financial markets after the government’s controversial mini-budget sparked turmoil in the pensions industry.
High street sales growth slows - BDO
High street sales faltered in September, industry research showed on Friday, as hard-pressed consumers tightened their belts.
House prices nudge lower in September - Halifax
The house market showed early signs of slowing in September, according to industry data released on Friday, as house prices nudged lower.
UK retail footfall picks up in September
Shoppers returned to stores in September, industry data showed on Friday, with footfall reaching its highest level since the start of the pandemic.