Economy

BoE raises interest rates to 0.5%

The Bank of England (BoE) has raised interest rates for the second time in three months to 0.5%, up from…

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Energy price cap to rise 54% from April

Retail bosses are braced for a spending squeeze after it was revealed the energy price cap is set to increase…

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Shop price inflation surges to 1.5%

Shop Price annual inflation accelerated to 1.5% in January, up from 0.8% in December, according to latest research from the…

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Inflation hits 30-year high

Inflation reached 5.4% in December, its highest rate since CPIH stood at 5.1% in May 1992, according to the latest…

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UK economy surpassed pre-Covid levels in November

Gross domestic product (GDP) has surpassed its pre-pandemic level for the first time as it grew by 0.9% in November…

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Retail sales return to growth in October

October Retail sales volumes rose by 0.8%, according to the latest data by the Office of National Statistics (ONS). Non-food…

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September retail sales fall 0.2%, ONS reveals

September retail sales volumes fell by 0.2% and by 2.6% when compared with the same period in 2020, according to…

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Consumer confidence falls amid ongoing supply chain issues

UK consumer confidence has fallen back five points in September, largely attributed to both shop supply shortages and rising prices,…

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UK economic growth slows, ONS reveals

UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest…

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UK economy surges 4.8% in June

The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK,…

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