Inflation data next week is expected to beat estimates again and UK finance minister Sunak contemplates billions more in spending to ease the cost-of-living squeeze more...
UK mortgage approvals rose to its highest level in two-and-a-half years in July, reports said Tuesday citing data from the lobby group UK Finance. more...
UK government borrowing was the lowest in 17 years in the financial year ended March 31, and exceeded the official forecast, the Office for National Statistics said on Wednesday. more...
UK total pay growth sustained its strong momentum in the three months to February, growing at the fastest pace in over a decade, as employers ramped-up hiring to a fresh record high, ahead of a possibly chaotic Brexit. The total pay grew 3.5 percent year-on-year in the three months to February, same as in December and January, preliminary data from the Office for National Statistics showed. more...
UK services sector growth slowed to its weakest level in nearly two-and-a-half years in November, amid weaker growth in both business activity and new work as Brexit concerns intensified, defying expectations for a modest improvement. The CIPS UK Services purchasing managers' index, or PMI, fell to 50.4 from 52.2 in October, marking the lowest level since July 2016. more...
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