Inflation rises to year high
Rising energy prices have pushed the headline rate of
inflation up to its highest level this year, although the increase was less than
both the Bank of England (BoE) and economists had been predicting.
Data from the ONS shows that the Consumer Prices Index
12-month rate – which compares prices in the current month with the same month
a year earlier – rose to 2.1% in...
Brexit delay sees an increase in property listings
According to the latest property supply
index, there was a surge in owners listing their properties in the days after
Brexit was delayed again, with listings up 0.8% in April, month on month.
Analysis by online estate agent, Housesimple,
revealed that almost half (49%) of major UK towns and cities saw a rise in new properties
coming onto the market in April compared to...
Uk Growth boosted by stockpiling
The UK economy benefited from a sharp one-off boost to
growth in the first quarter of the year as manufacturers stockpiled ahead of a Brexit
that never came.
Data released by the Office for National Statistics (ONS)
revealed that gross domestic product (GDP) rose by 0.5% during the first three months
of 2019; this compares with a growth rate of 0.2% in the final quarter...
CBI Warning over no-deal brexit
The CBI has warned potential Tory leadership candidates
about the consequence of a no-deal Brexit, as the Prime Minister’s announcement
of her imminent departure has effectively put the Brexit process on hold until
a new leader is elected.
On 24 May, Theresa May announced that she would be stepping
down as the Conservative party leader on 7 June. In an emotional...
Wage growth shows signs of slowing
Although the latest set of employment statistics once again shows
that the UK labour market remains in a relatively robust state of health, the
data did suggest that the recent growth in wages may have stalled.
According to data from the Labour Force Survey, the
unemployment rate fell to 3.8% in the January to March period. This was the
lowest reported figure since the...