News And Announcements
German economy contracts slightly in third quarter
The German economy contracted a touch in the third quarter, as per the initial estimate, according to figures released on Friday by Destatis.
UK consumer confidence picks up in November
Consumer confidence rebounded in November, a closely-watched survey showed on Thursday, as people started to look towards the festive season.
Turkey's central bank hikes rates by 500 basis points
Turkey’s central bank hiked interest rates by 500 basis points on Thursday to 40%, but signalled it was getting close to the end of the tightening cycle.
UK private sector returns to growth
UK private sector output stabilised in November, a closely-watched survey showed on Thursday, driven by growth in services.
Energy bills to increase from January - Ofgem
Energy bills will increase by 5% from January, it was confirmed on Thursday, in response to higher wholesale gas prices.
Government could sell NatWest shares to retail investors, chancellor says
The UK chancellor has announced plans to sell off part of the government's stake in high street lender NatWest to retail investors in the coming year.
Chancellor pledges '110 measures' to grow economy
The Chancellor has announced a raft of measures intended to boost business investment and grow the economy, including cutting business taxes and National Insurance.
Factory orders slump to lowest level since early 2021 - CBI
Manufacturing output fell sharply in November, industry data showed on Wednesday, as orders slid to their lowest level in nearly three years.
UK borrowing up but gives Hunt room for tax policy changes
UK public borrowing came in less than expected in the first seven months of the financial year, according to official data published on Tuesday, a day ahead of finance minister Jeremy Hunt's autumn budget.
Rishi Sunak announces plans to cut taxes
Prime minister Rishi Sunak announced his intention to reduce taxes on Monday, after claiming success for his promise to halve inflation by the end of the year ahead of Wednesday’s autumn statement.
UK retail sales unexpectedly fall in October
Retail sales unexpectedly fell in October as wet weather and the cost-of-living crisis took their toll, according to data released on Friday by the Office for National Statistics.
Samsung confirms data breach involving UK customer details
Technology giant Samsung Electronics confirmed a data breach on Thursday that led to the unlawful acquisition of the personal contact information of some of its UK customers.
Ofgem launches review into energy bill standing charges
Energy regulator Ofgem announced a comprehensive review into standing charges on electricity and gas bills on Thursday.
Retail and hospitality groups call on government to freeze rates
Retail and hospitality groups have called on the Chancellor to freeze business rates, warning on Thursday that inaction could prove "disastrous" for the UK’s high streets.
European Commission cuts eurozone growth forecasts
The European Commission cut its eurozone growth forecasts on Wednesday as it said the economy has lost momentum.
House prices fall for first time in over a decade - ONS
House prices edged lower in September, official data showed on Wednesday, the first annual fall for more than a decade, as rents rose at a record rate.
China's retail sales beat forecasts
China’s faltering economy looked to have strengthened last month, after official data published on Wednesday showed larger-than-expected improvements in both retail sales and factory output.
UK inflation eases to two-year low of 4.6%
UK inflation fell to a two-year low in October as energy prices eased after the energy price cap was cut, according to figures released on Wednesday by the Office for National Statistics.
Thames Water returning £73.8m to customers under Ofwat determinations
UK water regulator Ofwat announced the financial penalties and payments for all water companies for 2022-2023 on Tuesday, with Thames Water set to return the most money to customers.
German investor sentiment improves in November - ZEW
German investor sentiment improved more than expected in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.