News And Announcements
UK inflation falls to lowest since September 2021
UK inflation eased a little more than expected in February, according to figures released on Wednesday by the Office for National Statistics, fuelling expectations of a rate this summer.
HMRC to severely cut back phone help services
HM Revenue and Customs (HMRC) is set to drastically reduce its telephone help services for several months, it was announced Tuesday.
UK lenders commit to more high street banking hubs
UK retail banks have committed to opening up more than 100 new shared banking hubs in an effort to preserve access to cash amid ongoing branch closures.
German business sentiment improves in March - ZEW
German business sentiment improved in March, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
UK manufacturers continue to invest despite bleak outlook
Confidence levels among UK manufacturers remain "robust" despite a subdued economic outlook, according to a survey published on Monday by Make UK and the accountancy firm BDO.
House prices jump on stronger demand - Rightmove
House prices jumped in March, industry data showed on Monday, as confidence in the UK housing market continued to recover.
Home prices continue to fall in China
House prices continued to slide in China last month, official data showed on Friday, heaping more pressure on the country’s struggling property sector.
FCA probe into motor finance won't be like PPI, regulator says
The head of the Financial Conduct Authority (FCA) has said it is "improbable we will find nothing" as it continues to investigate historical motor finance commission arrangements for potential misconduct, but that the impact on the financial sector will unlikely be as severe as the Payment Protection Insurance mis-selling scandal.
UK housing market becoming more positive - RICS
The UK house market continued to stabilise in February, a closely-watched survey showed on Thursday, despite prices remaining under pressure.
Eurozone industrial production unexpectedly tumbles
Industrial production fell sharply in the eurozone in January, official data showed on Wednesday, by more than expected.
UK economy returns to growth in January
The UK economy returned to growth in the first month of 2024, according to figures released on Wednesday by the Office for National Statistics.
CMA to launch formal investigation into vet market
The UK’s Competition and Markets Authority said on Tuesday that it has provisionally decided to launch a formal market investigation after a review into the veterinary industry found that pet owners could be paying too much for medicines or prescriptions.
UK wage growth slows again, unemployment rate ticks up
UK wage growth eased again in the three months to January, while the unemployment rate ticked higher, according to figures released on Tuesday by the Office for National Statistics, raising rate cut expectations.
Vinyl records, air fryers join the ONS basket of goods
The Office for National Statistics (ONS) unveiled its annual update to the basket of goods and services used to calculate inflation, revealing shifts in consumer spending as vinyl records and air fryers join the list.
Eurozone GDP ends 2023 unchanged
The eurozone economy was little changed at the end of 2023, official data showed on Friday, allowing it to narrowly skirt recession.
German industrial production pushes higher
German industrial production ticked higher in January, official data showed on Friday, beating expectations.
ECB leaves rates unchanged; cuts inflation, growth forecasts
The European Central Bank kept interest rates unchanged on Thursday as it cut inflation and growth forecasts.
UK businesses forecast inflation to ease - BoE
UK businesses expect output inflation to continue easing over the coming year, a Bank of England survey showed on Thursday.
German factory orders plummet in January
German factory orders plunged in January, official data showed on Thursday, falling by far more than expected.
China Jan-Feb exports smash estimates with 7.1% rise
China reported a sharply better-than-expected rise in exports for the first two months of the year, according to official figures published on Thursday.