Economy
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UK retail sales unexpectedly jump in April
UK retail sales unexpectedly rose in April, underpinned in part by an increase in food store sales, according to figures released on…
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Manufacturing output grows in May but confidence falls – CBI
Manufacturing output grew at its fastest pace in ten months over the quarter to May, but confidence fell further, according to a…
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UK house price growth slows to 9.8% in March
Average UK house prices increased by £24,000 in the twelve months ended 31 March, according to the Office for National Statistics, a…
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Inflation hits 40-year high
Inflation has hit a fresh 40-year high of 9%, official data showed on Wednesday, after energy prices surged in April. According to…
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UK unemployment rate at 48-year low, wages squeezed by inflation
The UK unemployment rate declined to a 48-year low in the first three months of the year, but wages were squeezed by…
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Ofgem mulls quarterly price cap review
Ofgem is considering increasing the number of times it reviews the energy price cap, the regulator confirmed on Monday. The cap, introduced…
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Rees-Mogg looks to urge ‘tighter’ monetary policy from BoE
Jacob Rees-Mogg, the Brexit minister, looked to rule out emergency support to help tackle the soaring cost of living crisis on Friday,…
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Eurozone industrial production falls 1.8% in March
Eurozone Industrial production fell 1.8% in March compared with February, according to data released by European Union statistics agency Eurostat on Friday.…
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Top BoE official says rates may need to be raised by more than expected
The Bank of England may need to hike official interest rates by more than what financial markets are currently pricing in, one…
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US wholesale inflation growth eases in April
Growth in the US producer price index slowed as expected in April, according to figures released on Thursday by the Labor Department.…
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