UK retail sales were little changed in December after an anticipated rebound failed to materialise and government borrowing surged ahead of the festive holidays in what economists say should be taken by Chancellor Rishi Sunak as a warning against any tax rises in the March budget.
January 22,2021
UK inflation rose again in December and surpassed the expectations of market participants, but the rises are not yet significant enough to suggest there is any reason for the Bank of England to shift course on interest rates or other monetary policy settings.
January 20,2021
The UK economy could be on course to recover all of its coronavirus-inspired losses as early as next year, according to forecasts from Capital Economics, although only so long as HM Treasury doesn't opt to snatch defeat from the jaws of victory at the March budget.
January 19,2021
The UK's economy contracted by 2.6% during November 2020, a decline that will not be surprising given the UK economy was subject to a second national lockdown owing to rising covid-19 cases.
January 15,2021
It is expected that the merger of CaixaBank and Bankia will be formalised by March 2021, a development that could bring with it some difficulties for those international and expat buyers looking to take out a Spanish mortgage.
January 12,2021
The Bank of England Governor Andrew Bailey told MPs it was reasonable to assume the EU and UK could reach a deal on financial services by the end of March.
January 6,2021
The closure of schools is being tipped to be the single most important factor for the UK economy in the third major national lockdown, with economists saying the move could knock 2.0% off economic growth.
January 11,2021
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