News And Announcements
UK service economy falters, outlook weakens - PMI
Business optimism across UK service providers sank to a two-year low in November, a closely-watched survey showed on Wednesday, on mounting concerns about higher costs.
BoE could cut rates four more times in 2025, says governor Bailey
The governor of the Bank of England has said that four more interest-rate cuts are on the cards for next year if the trajectory of the UK economy continues as expected.
SWR, c2c and Greater Anglia to be Labour's first renationalised train firms
The government has announced plans to bring train operators South Western Railway (SWR), c2c and Greater Anglia under public ownership next year, as the first parts of its sweeping nationalisation of the UK rail network.
Faltering service sector weighs heavily on Eurozone
The Eurozone economy slipped into contraction in November, a closely-watched survey showed on Wednesday, after services output slumped.
China services growth eases in November - Caixin
Growth in China’s services sector eased in November, according to data released on Wednesday.
Later Black Friday timing sees UK retail sales fall
Fresh retail sales data on Tuesday morning showed a sharp decline in sales in November, reflecting a challenging time for the retail sector due to the later timing of Black Friday.
UK manufacturing output falls to nine-month low
UK manufacturing activity fell to a nine-month low in November as new orders fell, according to a survey released on Monday.
Review could see UK data releases return to mid-morning
The UK government is poised to decide early next year whether to shift the release of key economic data to within financial market hours, it emerged on Monday, in response to concerns from traders and market participants over volatility caused by the current pre-market timing.
High street sales plunge in "disastrous" November, BDO says
High street sales plunged in November, falling at their steepest levels in nearly four years, with retailers bracing for a tough Christmas selling period amid an atmosphere of “economic anxiety”.
UK private sector braced for tough start to 2025 - CBI
UK companies expect 2025 to get off to a poor start, an industry survey showed on Monday, weighed down by rising labour costs and weak sentiment.