Economic News
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Shop price inflation slows to 17-month low in November
Tuesday 28 Nov 2023
(Sharecast News) - Shop price inflation dropped to its lowest in 17 months in November, new data revealed on Tuesday, as retailers stepped up discounting ahead of the key festive shopping season. Read More
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Retail sales decline eases but Christmas outlook gloomy - CBI
Monday 27 Nov 2023
(Sharecast News) - The decline in UK retail sales eased somewhat in November, but the outlook for Christmas was gloomy, according to a survey released on Monday. Read More
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Rishi Sunak unveils £29.5bn of investments ahead of Hampton Court summit
Monday 27 Nov 2023
(Sharecast News) - British Prime Minister Rishi Sunak announced a £29.5bn investment programme on Monday ahead of the Global Investment Summit held at Hampton Court Palace. Read More
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German business sentiment improves again - Ifo
Friday 24 Nov 2023
(Sharecast News) - German business sentiment improved again in November, albeit a little less than expected, according to a survey released on Friday by the Ifo Institute. Read More
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German economy contracts slightly in third quarter
Friday 24 Nov 2023
(Sharecast News) - The German economy contracted a touch in the third quarter, as per the initial estimate, according to figures released on Friday by Destatis. Read More
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UK consumer confidence picks up in November
Friday 24 Nov 2023
(Sharecast News) - Consumer confidence rebounded in November, a closely-watched survey showed on Thursday, as people started to look towards the festive season. Read More
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Turkey's central bank hikes rates by 500 basis points
Thursday 23 Nov 2023
(Sharecast News) - Turkey's central bank hiked interest rates by 500 basis points on Thursday to 40%, but signalled it was getting close to the end of the tightening cycle. Read More
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UK private sector returns to growth
Thursday 23 Nov 2023
(Sharecast News) - UK private sector output stabilised in November, a closely-watched survey showed on Thursday, driven by growth in services. Read More
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Energy bills to increase from January - Ofgem
Thursday 23 Nov 2023
(Sharecast News) - Energy bills will increase by 5% from January, it was confirmed on Thursday, in response to higher wholesale gas prices. Read More
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Government could sell NatWest shares to retail investors, chancellor says
Wednesday 22 Nov 2023
(Sharecast News) - The UK chancellor has announced plans to sell off part of the government's stake in high street lender NatWest to retail investors in the coming year. Read More
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Chancellor pledges '110 measures' to grow economy
Wednesday 22 Nov 2023
(Sharecast News) - The Chancellor has announced a raft of measures intended to boost business investment and grow the economy, including cutting business taxes and National Insurance. Read More
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Factory orders slump to lowest level since early 2021 - CBI
Wednesday 22 Nov 2023
(Sharecast News) - Manufacturing output fell sharply in November, industry data showed on Wednesday, as orders slid to their lowest level in nearly three years. Read More
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UK borrowing up but gives Hunt room for tax policy changes
Tuesday 21 Nov 2023
(Sharecast News) - UK public borrowing came in less than expected in the first seven months of the financial year, according to official data published on Tuesday, a day ahead of finance minister Jere... Read More
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Rishi Sunak announces plans to cut taxes
Monday 20 Nov 2023
(Sharecast News) - Prime minister Rishi Sunak announced his intention to reduce taxes on Monday, after claiming success for his promise to halve inflation by the end of the year ahead of Wednesday's a... Read More
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UK retail sales unexpectedly fall in October
Friday 17 Nov 2023
(Sharecast News) - Retail sales unexpectedly fell in October as wet weather and the cost-of-living crisis took their toll, according to data released on Friday by the Office for National Statistics. Read More
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Samsung confirms data breach involving UK customer details
Thursday 16 Nov 2023
(Sharecast News) - Technology giant Samsung Electronics confirmed a data breach on Thursday that led to the unlawful acquisition of the personal contact information of some of its UK customers. Read More
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Ofgem launches review into energy bill standing charges
Thursday 16 Nov 2023
(Sharecast News) - Energy regulator Ofgem announced a comprehensive review into standing charges on electricity and gas bills on Thursday. Read More
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Retail and hospitality groups call on government to freeze rates
Thursday 16 Nov 2023
(Sharecast News) - Retail and hospitality groups have called on the Chancellor to freeze business rates, warning on Thursday that inaction could prove "disastrous" for the UK's high streets. Read More
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European Commission cuts eurozone growth forecasts
Wednesday 15 Nov 2023
(Sharecast News) - The European Commission cut its eurozone growth forecasts on Wednesday as it said the economy has lost momentum. Read More
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House prices fall for first time in over a decade - ONS
Wednesday 15 Nov 2023
(Sharecast News) - House prices edged lower in September, official data showed on Wednesday, the first annual fall for more than a decade, as rents rose at a record rate. Read More
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