Economy
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UK house prices jump 10% year-on-year
House prices strengthened in May, official figures showed on Tuesday, as they bounced back from April’s dip. UK average house prices rose…
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Polluting lorries set to be banned in UK under new decarbonisation plan
New diesel and petrol lorries will be banned in the UK by 2040 as part of a new decarbonisation “greenprint” published by…
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BoA revises 2021 UK CPI forecast higher, but says higher inflation ‘transitory’
Economists at Bank of America revised their forecast for UK inflation in 2021 upwards following a stronger-than-expected print on June consumer prices.…
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UK inflation hits highest level in nearly three years
UK inflation hit its highest level in June since August 2018 as food and transport costs rose, according to figures released on…
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UK plc revenues plunged £349bn in pandemic – survey
UK company revenues plunged by a record £349bn in the first year of the Covid-19 crisis but a strong recovery is under…
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Energy bill hike to force additional 392,000 UK households into fuel poverty
An estimated 392,000 UK homes could be added to the 3m households already unable to pay energy bills in winter as prices…
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Rising oil prices could slow recovery, IEA warns
Rising oil prices could slow the global recovery unless major producers can strike a deal to increase production, the International Energy Agency…
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BoE removes restrictions on bank dividends
The Bank of England has removed restrictions on bank dividend payouts introduced in the wake of the Covid-19 pandemic as the sector…
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UK retail sales surge as Covid-19 restrictions ease – BRC
The UK’s retail sector enjoyed a record second quarter, industry research showed on Tuesday, as pandemic restrictions continued to ease. According to…
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UK wealth gap balloons during pandemic – Resolution Foundation
The UK wealth gap has widened during this pandemic as the richest 10% gained £50,000 on average, revealed the latest report from…
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