CPI inflation slowed to a two-year low of 2.1 percent, driven lower by falling oil prices and their knock-on effect on fuel costs. Companies’ raw material costs rose just 3.7 percent, the lowest since June 2016, in a sign that inflationary pressures in the economy are dissipating.
Published: 18 January 2019
The weakest quarterly output for six months is precisely the GDP data the country didn’t want to see. Such anaemic growth weakens the UK’s hand as we enter the sharp end of Brexit. What’s most worrying is the weakness in the production sector, with manufacturing a particular cause for concern.
Published: 14 January 2019
New research from Hastee Pay has found that workers in the UK and Ireland are five times more likely to use high-cost credit in January compared to December as workers are left to endure a five or six-week wait for their January pay packets. Contributor James Herbert, CEO - Hastee Pay.
Published: 20 December 2018
Sterling’s plunges to an 18-month low against the Dollar, the following comments may be useful. Theresa May’s grilling in the House of Commons has prompted an outbreak of gallows humour among Poundwatchers. Opinion is roughly split on which has the worst prospects right now – the beleaguered Pound or the embattled Prime Minister.
Published: 12 December 2018
The Bank of England has left interest rates on hold, surprising precisely no-one. A fragile UK economy, softening global demand, and the looming shadow of Brexit leaves little scope for the central bank to do anything more than sit on its hands for the time being.
Published: 5 November 2018
New data shows that employers’ confidence in the prospects for the UK economy plummeted this month. The net balance of those seeing a positive outlook as opposed to a negative one hit -14, a fall of 9 percentage points from last month (September 2018), and the lowest level witnessed since February 2018.
Published: 26 October 2018
New data shows that employers’ confidence in the prospects for the UK economy declined further this month, according to the Recruitment and Employment Confederation’s latest JobsOutlook report. Neil Carberry, Recruitment & Employment Confederation Chief Executive.
Published: 19 September 2018
New data shows that employers’ confidence in the prospects for the UK economy turned negative this month according to the Recruitment and Employment Confederation’s latest JobsOutlook report. The balance of those seeing a positive outlook as opposed to a negative one was a net -1, a fall of 7 points since July.
Published: 22 August 2018
The ONS has published its preliminary estimate of GDP which shows the UK economy grew by 0.4 percent in the second quarter, compared to 0.2 percent in the first quarter. The services sector, which makes up the lion’s share of the UK economy and includes the retail industry, grew by 0.5 percent, its strongest reading since the back end of 2016.
Published: 10 August 2018
In the end the Unreliable Boyfriend didn’t need dragging to the altar. This was no shotgun wedding - with the Bank’s rate-setting committee voting as one for a rise. “It was this unanimity, rather than the decision itself, that surprised the market – and gave the Pound an extra lift against both the Dollar and the Euro."
Published: 6 August 2018