Uk economy

The chief executive, Nic Budden, said Foxtons sales pipeline – transactions not yet completed – was stronger than a year earlier. “Looking forward, with the uncertainty of the general election removed, early signs are that the sales market may improve,” he said. … [Read more...] about UK house prices rise at fastest rate for 18 months

"The fact that we had an independent Monetary Policy Committee and an independent Financial Stability Committee post-referendum allowed us to take some pretty aggressive steps without any concern in financial markets and others that we were bending to the will of the government." … [Read more...] about Coronavirus could mean economic growth downgrade for UK, Mark Carney warns

Recent surveys have shown that while many companies have shelved investment plans and industries such as construction have suffered a sudden loss of confidence, employers are reluctant to cut staff for what may prove to be a short lived period of uncertainty. … [Read more...] about Pre-referendum surge brings big rise in number of EU workers in UK

“Over recent months, the FTA has repeatedly requested the UK government prioritise the needs of logistics in its negotiations around the future trading relationship with the EU or risk a devastating effect on the UK’s highly interconnected supply chain. The business organisation has also warned of knock-on effects on UK plc’s future productivity, and on the economy as a whole but these concerns seem to have been overlooked,” it said in a statement. … [Read more...] about UK races to find extra 50,000 staff for post-Brexit paperwork

Manufacturers have been struggling with the twin impact of a stronger pound and weaker overseas demand, and production in the three months to August – a better guide to the underlying trend than one month’s figures – was 0.9% down on the previous three months. … [Read more...] about UK manufacturing sector picks up in August after tough summer