10182017

Unemployment drops by 52,000 but pay squeeze continues

Image copyright Getty Images UK unemployment fell by 52,000 in the three months to August to 1.4 million, leaving the jobless rate unchanged at 4.3% from the previous quarter. However, pay still [...]

Millions miss bills as finances bite

Image copyright PA An estimated 4.1 million people are in financial difficulty owing to missed domestic or credit bills, a major study has found. These consumers – most likely to be aged [...]

Reversing Brexit would boost economy, says OECD

Image copyright Getty Images Reversing the Brexit process would boost the UK economy, the international economic body, the OECD has said. A new referendum or a change of government leading to [...]

UK inflation at highest since April 2012

Media captionPound’s fall has driven inflation, says Mark Carney The UK’s key inflation rate hit its highest for more than five years in September, driven up by increases in transport and food prices. The Consumer [...]

Vanguard boss warns on stock market highs

Image copyright Getty Images The boss of Vanguard, one of the world’s biggest investment funds, has expressed concerns about the record highs in stock markets. Bill McNabb, chairman of [...]

Interest rate rise should be delayed, EY Item Club says

Image copyright PA The Bank of England should hold off from raising interest rates next month, according to a forecasting body. Bank governor Mark Carney has said rates could go up in the “relatively [...]

Oil prices rise amid Iraq tensions

Image copyright Reuters Concern over oil supplies from Iraq has pushed crude prices higher as the country’s government continues its move against Kurdish forces. The price of Brent crude [...]

UK farmers will ‘grow more food’ if no Brexit deal – minister

Media captionChris Grayling said that British farmers would produce more if food prices increase post-Brexit British farmers would produce more food themselves in the event of the UK leaving the EU without a trade deal, a cabinet [...]

Inflation ‘to cause £300 benefit squeeze’- think tank

Image copyright PA Benefit freezes combined with the predicted rise in inflation could set some low-income households back £300 next year, a think tank has warned. September’s inflation [...]

BCC: ‘Robust’ manufacturing fails to boost UK growth

Image copyright Getty Images The UK economy grew at a muted rate in the third quarter of 2017 despite progress in the manufacturing sector, the British Chambers of Commerce says. The number of [...]