The ONS (Office for National Statistics) has questioned the extent of the recession double dip which was reported to a wide extent in 2012. Now it appears the construction industry shrank in the first quarter but not by as much
Consumer spending is a vital indicator of the health of the economy. We explore situations where consumer spending is making an impact. Read our blog posts to learn more.
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Chancellor George Osborne has delivered his 2013 budget. Here are some of the key points.
Income Tax
• The tax free allowance to be raised to £10,000 in 2014, a year earlier than planned.
Housing
• Interest free loans up
Manufactured goods in Scotland grew by 0.8 percent during the third quarter of 2012, mainly due to growth in the food and drink sector.
The National Statistics Publication for Scotland revealed that the biggest contribution was from alcohol exports, which
UK employment – The British job market has received a boost after a survey suggested that more firms were looking to hire people than let them go.
Recruitment firm Manpower, who conducted the research, said the survey’s findings showed that
New figures released today by the British Retail Consortium (MRC) have seen the poorest sales performance since May and 1.6 percent lower than the same month last year.
The BRC said that mild weather had hit winter clothing sales whilst …
We found this article interesting about the possibility of a double-dip recession.
Household spending has slumped to a new two year low. The fragility of consumer spending, even before the full of effects of public spending cuts have been felt, means an imminent rise in interest rates is unlikely.
The OECD though, …
For the first time in five months, retail inflation slowed down but sharp prices hikes are expected after the new year.
Shop price inflation fell from 2.2 percent in October to 2 percent in November, with stores starting Christmas promotions …
Inflation has been pushed up to a four month high due to higher petrol prices.
The Office for National Statistics reported this morning that inflation rose to an annual rate of 3.2 percent on October. Most economists had predicted the …
Fears over the prospect of unemployment have dented consumer confidence, a new survey has revealed.
The British Retail Consortium (BRC) runs quarterly surveys in consumer confidence, with the latest results showing that 28 percent of people interviewed thought that job …