Economy
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UK retail stock shortages worst for 35 years – CBI
Shortages of retail products hit a level not seen for more than 35 years in October as stock failed to keep pace…
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Sunak to lift public sector pay freeze in latest pre-Budget disclosure
UK Finance Minister Rishi Sunak has confirmed reports her will lift a public sector pay freeze when he presents his budget on…
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Small business confidence drops amid inflation and tax hikes
The Federation of Small Businesses warned the Chancellor that concerns about inflation and high taxes had already led some companies to cut…
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UK economic growth boosted by services sector
UK economic growth gathered pace in October, underpinned by the services sector, as supply shortages hit manufacturing and cost inflation reached a…
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Bank of England’s Huw Pill warns inflation could hit ‘very uncomfortable’ 5%
Inflation in the UK could hit a “very uncomfortable” 5%, according to Huw Pill, the Bank of England’s new chief economist. According…
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Retail sales unexpectedly drop in September
UK retail sales unexpectedly fell in September for the fifth month in a row, according to data released on Friday by the…
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UK consumer confidence hit by economic turmoil – GfK
Consumer sentiment has dropped sharply amid economic turmoil including fuel shortages and rising prices, a survey showed. The total measure of GfK’s…
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FCA calls for new legislation to prevent online scams
The Financial Conduct Authority called for legislative changes on Thursday to protect consumers from online scams. The regulator said duties on internet…
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UK manufacturing faces rising supply pressures – CBI
UK manufacturing output grew steadily in October but supply pressures continued to rise, a Confederation of British Industry survey showed. The net…
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UK public borrowing halves in first six months of fiscal year
UK public borrowing fell by almost half in the first six months of the financial year as it continued to recover from…

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