The UK unemployment rate fell back to a 1970s era low in the recent quarter but the jobs market has already seen its best days for the current cycle, official data released Tuesday suggests, and economists are now contemplating the prospect of a Bank of England (BoE) interest rate cut.
December 17,2019
The UK economy is likely to have stalled in the final quarter, according to the latest IHS Markit PMI surveys, which suggested both manufacturing and services industries shrank in December and have led some economists to warn the Bank of England (BoE) could soon cut interest rates if growth doesn't pick up.
December 16,2019
The UK economy stalled in October during what was a weak start to the final quarter that could now mean its all but certain that growth for the 2019 year overall will be less than an already-downbeat consensus expects.
December 10,2019
According to Halifax, house prices are now up by £3,904 since the start of the year as buyers and sellers are responding to factors such as improved mortgage affordability and the limited supply of available properties. However, 2020 growth is likely to rest on the outcome of the December 12 election.
December 6,2019
Research from a leading European investment bank has show UK economic growth is expected to pick up notably in 2020, should the Conservative Party win a majority at the December 12. election.
December 6,2019
The UK services industry fared less poorly than was initially feared, according to the IHS Markit final PMI survey released on Wednesday although economists say the influential baromter is still underestimating the likely pace of expansion in the fourth quarter.
December 4,2019
The UK construction industry remained mired in a downturn in November, according to the latest IHS Markit PMI survey, with uncertainty over the December election outcome leading to inertia in client boardrooms that's hit overall activity in the sector.
December 3,2019
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