Economy
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Mortgage approvals unexpectedly jump in December – BoE
Mortgage approvals jumped in December, data from the Bank of England showed on Tuesday, beating expectations. According the central bank’s latest Money…
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UK factory output rises but new orders slow – PMI
UK manufacturing output strengthened in January but new order growth slowed, a survey showed. The IHS Markit/CIPS purchasing managers’ index eased to…
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Supermarket prices rise as cost of living mounts
Grocery inflation hit 3.8% in December, industry data showed on Tuesday, as the cost of living continued to mount. According to retail…
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Housing market makes strong start to the year – Nationwide
The UK housing market had its strongest start to the year for nearly two decades in January, industry data showed on Tuesday,…
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Retail sales fall as Omicron restrictions hit home
Retail sales slipped below seasonal norms in January, an industry survey showed on Thursday, as the rapid spread of Omicron hit trade.…
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UK car production falls to 66-year low in 2021
UK car production fell to its lowest level since 1956 last year, according to the Society of Motor Manufacturers and Traders, with…
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Prices set to jump as factories battle surging costs – CBI
UK manufacturers are poised to ramp up prices as they battle rising costs and labour shortages, a closely-watched survey showed on Tuesday.…
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UK borrowing drops more than expected in December
UK government borrowing fell more than expected in December thanks to improved tax revenues, according to figures released on Tuesday by the…
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Morgan Stanley reiterates ‘buy’ for FTSE 100, highlights ‘defensive’ qualities
Analysts at Morgan Stanley sounded a ‘bullish’ note on the outlook for the FTSE 100, highlighting its greater ‘defensive’ properties relative to…
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UK economy falters as Omicron wave hits service sector
The UK economy faltered in January, a closely-watched survey showed on Monday, after the rapid spread of Omicron weighed heavily on the…
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