03242017

Higher fuel prices take toll on retail sales

Image copyright Getty Images UK retail sales posted a 1.4% rise in February from the previous month, but there are signs that higher fuel prices have begun to hit shoppers’ pockets. In [...]

Brexit: Single market benefit ‘largely imaginary’

Image copyright Getty Images The trade benefits of belonging to the European Union have been “largely imaginary”, according to the social policy think-tank Civitas. Its analysis argues [...]

State pension age could be raised to 70, says report

Image copyright Getty Images Two separate reports for the government have raised the possibility that millions of people may have to work longer to qualify for a state pension. An analysis for [...]

Bank cheques to be cleared within a day

Image copyright Getty Images Bank customers who pay cheques into their accounts will soon be able to get the money cleared within one working day. At the moment, the process can take up to six [...]

UK inflation rate leaps to 2.3%

Rising fuel and food prices helped to push last month’s inflation rate to the highest since September 2013. Inflation as measured by the Office for National Statistics’ Consumer Prices Index (CPI) jumped to 2.3% [...]

Carney defends Bank of England over Hogg resignation

Image copyright Getty Images Image caption Mark Carney, governor of the Bank of England, says banks have lost the public’s trust [...]

Government borrowing falls in February

Image copyright AFP Government borrowing fell last month to its lowest amount for February in 10 years, according to official figures. Borrowing, excluding state-owned banks, was £1.8bn, down [...]

Low UK interest rates ‘hurt productivity but saved jobs’

Image copyright Getty Images Years of ultra-low UK interest rates probably hit productivity, but were a price worth paying to avoid higher unemployment, the Bank of England’s chief economist [...]

Lord King: Scotland ‘could be independent’

Media caption“I don’t think there are any major problems in terms of currency” – Lord Mervyn King Scotland “could be an independent country” but would risk a hit to its public finances, the ex-governor of [...]

Low UK interest rates ‘hurt productivity but saved jobs’

Image copyright Getty Images Years of ultra-low UK interest rates probably hit productivity, but were a price worth paying to avoid higher unemployment, the Bank of England’s chief economist [...]