Economy
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Bank of England lifts rates to 13-year high as it looks to tackle inflation
The Bank of England hiked interest rates to 1% on Thursday – the highest level in 13 years – as it looks…
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UK new car registrations improve slightly in April
Private new car registrations improved slightly in April but still remained well below pre-Covid levels as demand continued to be impacted by…
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Elizabeth line finally given late May opening date
London’s long-awaited Crossrail project was finally given an official opening date on Wednesday, although commuters will still need to wait for full-line…
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UK mortgage approvals broadly flat in March
The number of mortgage approvals in the United Kingdom, an indicator of future borrowing, was broadly flat month-on-month in March at 70,700,…
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UK shop price rises hit decade high – survey
Prices in UK stores rose at their fastest pace for more than a decade in April as high energy prices and the…
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Retail footfall sparks over bank holiday weekend
Retail footfall jumped over the early May bank holiday weekend, industry data showed on Tuesday. According to retail consultancy Springboard, footfall rose…
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House price growth slows more quickly than expected in April, Nationwide says
House price growth in the UK slowed more than expected in April amid the ongoing squeeze on household incomes and rising interest…
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US GDP contracts unexpectedly in Q1 for first time since mid-2020
The US economy contracted unexpectedly in the first quarter as strong consumer and business spending was offset by a ballooning trade deficit,…
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UK car production tumbles
UK car production tumbled in the first quarter, industry data showed on Thursday, as global supply chain issues weighed heavily. According to…
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Cost of living squeeze hits retail sales
UK retail sales struggled in April, industry research showed on Wednesday, as the cost of living crisis saw consumers rein in spending.…
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