News And Announcements
UK consumer credit halves while mortgage approvals dip
The amount of credit given to UK consumers halved in April, according to data out on Friday from the Bank of England, while mortgage approvals fell as buyers held out for a potential cut to interest rates later this summer.
UK house prices return to growth in May - Nationwide
UK house prices returned to growth in May after two months of declines, according to data released by Nationwide on Friday.
UK retail footfall eases in May
UK retail footfall eased in May, industry research showed on Friday, despite the bank holiday weekends and improving weather.
TSB customers hit by online banking outage
TSB Bank customers were left unable to access their accounts on Thursday after the lender’s mobile banking app temporarily went down.
Eurozone recovery gathers pace as unemployment falls
Eurozone unemployment unexpectedly dipped to a record low in April, official data showed on Thursday, while confidence edged higher.
Number of UK homes for sale at 8-year high - Zoopla
The number of homes coming to market has soared, industry research showed on Thursday, as the recovery in the UK housing market continued to gain pace.
Reeves rules out snap budget if Labour wins election
UK Labour Party shadow finance minister Rachel Reeves said there would be no emergency budget statement this summer if her party won the general election on July 4 and also ruled out further tax rises beyond what had been outlined already.
UK retail sales surge in May - CBI
UK retail sales jumped in May, a closely-watched survey showed on Tuesday, as selling price inflation continued to fall back.
Shop price inflation slows further in May
Shop price inflation in the UK slowed to 0. 6% in May, according to fresh data released on Tuesday, from 0. 8% in April.
US durable goods orders rise unexpectedly in April
Durable goods orders in the US rose unexpectedly in April, but on the back of a sharp downwards revision to the prior month's figures.
Wet weather hits retail sales in April
Retail sales fell sharply in April, official data showed on Friday, compounding a revised fall a month earlier.
Average household energy bills to fall by £122
Average household energy bills are set to fall by £122 this summer, it was confirmed on Friday, after the regulator lowered the price cap.
German GDP Q1 growth confirmed at 0.2%
Germany's economy grew 0. 2% in the first quarter of 2024 compared with the final three months of last year, confirming a flash estimate, the Federal statistics office said on Friday.
UK consumer confidence continues to strengthen - GfK
UK consumer confidence sparked in May, a long-running survey showed on Friday, as households become more upbeat about the economy and their finances.
Turkey central bank holds rates at 50%
Turkey’s central bank kept interest rates unchanged at 50% on Thursday for the second month in a row, as expected.
UK manufacturing sector rebounds in May - PMI
The UK’s under-pressure manufacturing sector rebounded in May, a closely-watched survey showed on Thursday.
Eurozone economic recovery gathers pace in May
The economic recovery in the eurozone gathered pace in May, according to preliminary figures released on Thursday.
China hints at tariff hikes for large car imports
China could raise import tariffs on large combustion engine cars, it was reported on Wednesday, weighing on the share price of European auto makers.
UK house prices push higher
House prices edged higher in March, government data showed on Wednesday, as the UK market continued to recover.
Public sector borrowing jumps in April - ONS
Public borrowing soared by more than expected in April, official data showed on Wednesday, on the back of lower National Insurance receipts.