The Confederation of British Industry issued a revised economic forecast for the UK on Wednesday, now forecasting that the British economy will grow by 1.9 percent this year and by 2.2 percent next year.
These predictions are well below the UK government’s forecasts, issued in April, which stand at growth of 3 percent to […]

The release of the minutes of the Bank of England monetary policy committee meeting minutes from their most recent meeting show that the committee approved this month’s UK interest rate cut by a close 5 to 4 vote.
The majority who voted for the rate cut argued that confidence would be damaged if the […]

Businesses in Central London are apparently suffering from July’s terrorist attacks, as retail sales in shops there fell by 9 percent in July, according to a report by the British Retail Consortium.
The decline in London retail sales contributed to a decline of 1.9 percent in retails sales in the UK.
Excluding London […]

Ernst & Young say the number of profits warnings issued by companies publicly listed in the UK have risen to their highest number since November of 2001.
There were 42 such warnings issued in April and 97 in the full second quarter of the year, and there profits warnings are running at a level […]

According to a study carried out by AEA Technology for the UK Department of the Environment, Food and Rural Affairs, while the importation of food incurs costs in terms of congestion, accidents, noise, and pollution, that does not necessarily mean that growing food in the UK for domestic consumption is the less expensive alternative. […]

The quarterly economic survey issued by the British Chamber of Commerce says that all indicators point to a slowdown coming in the service sector in the UK, which accounts for two-thirds of the economy. The survey, which looks at 5,801 UK companies, found that export orders for firms in the service sector are at […]

The FTSE 100 closed down fractionally at 5046.8 while the FTSE 250 lost 0.2 percent to 7289.8, on a low volume of 2.6 billion shares.
Part of the drop on the FTSE 250 had to do with concerns about the housing market, and most of the stocks in that sector were down. Savills, […]

Annual house price inflation in the UK has backed down into the single digits.
Prices were up in March, but the rise was lower than previous rises. Additionally, first quarter prices were in line with trends over the past year, when prices rose most in Northern Ireland, Scotland, and Northern England.
Housing […]

The CBI has published figures from its members that show retail growth was positive in February, but only just.
The CBI reported overall that said 30% of firms reported sales volumes up on a year ago, while 28% said they were down. The balance of +2 was against -3 for January.
The CBI blamed high personal date […]

According to the Halifax, the value of UK housing stock is now worth over £3.3 trillion.
Most regions saw at least a doubling of value over the decade, with Northern Ireland leading with a rise of 262%, while Scotland saw the lowest increase, of just 112%.
More than one-third of the total property stock value is held […]