Economy
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Mortgage approvals fall while consumer credit rises in April
Fewer mortgages were approved in the UK in April, although net consumer credit increased, as the cost-of-living crisis began to hit household…
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Average UK house price tops £250,000 for the first time
Average UK house prices had topped £250,000 for the time in history after rising 8.4% year-on-year in April, a slight cooling off…
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Treasury to unveil emergency aid to tackle soaring energy bills
The Chancellor Rishi Sunak is poised to unveil a £10bn package of emergency support to help households struggling with soaring energy bills,…
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Retail sales hold steady but outlook weakens – CBI
Retailers expect sales to soften in June, a survey showed on Tuesday, as high inflation and the weakening economic outlook weigh on…
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Grocery inflation hits 13-year high
Grocery inflation hit its highest level in 13 years in May, industry research showed on Tuesday, as the cost of living crisis…
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Energy price cap set to hit £2,800 in October – Ofgem chief
Energy bills are on course to rise by more than £800 in October, the head of Ofgem has warned politicians. Appearing before…
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UK government borrowing falls in April
UK government borrowing fell more than expected in April but remained above pre-Covid levels, according to figures released on Tuesday by the…
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UK business activity slows sharply in May
Business activity in the UK slowed sharply in May as inflationary pressures and geopolitical uncertainty weighed on customer demand, according to a…
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UK house prices hit fresh highs – Rightmove
House prices continued to push higher in May, industry data showed on Monday, hitting a fresh record as lack of supply weighed…
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Bank of England chief economist sees further rate hikes ahead
The price of money is headed higher still and the risks are that even further rate rises might be needed, the Bank…
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