Economic News
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Ofgem calls for more investment in local grids, freezes bills
Wednesday 30 Nov 2022
(Sharecast News) - Ofgem said on Wednesday that the UK's electricity distribution companies must continue to invest in local energy networks without increasing household bills. Read More
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Eurozone inflation eases more than expected in November
Wednesday 30 Nov 2022
(Sharecast News) - Eurozone inflation eased more than expected in November, according to a flash estimate released on Wednesday by Eurostat, paving the way for a 50 basis points rate hike by the Europ... Read More
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China factory activity shrinks more than expected amid Covid curbs
Wednesday 30 Nov 2022
(Sharecast News) - China's manufacturing activity shrank faster than expected in November as Covid restrictions took their toll, according to data released on Wednesday by the National Bureau of Stati... Read More
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Service sector optimism wanes as costs mount
Wednesday 30 Nov 2022
(Sharecast News) - Business optimism across the UK service sector continued to slide over the last three months, an industry survey showed on Wednesday. Read More
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Service sector optimism wanes as costs mount
Wednesday 30 Nov 2022
(Sharecast News) - Business optimism across the UK service sector continued to slide over the last three months, an industry survey showed on Wednesday. Read More
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Shop price inflation jumps in November
Wednesday 30 Nov 2022
(Sharecast News) - Shop price inflation ramped up in November, industry data showed on Wednesday, leaving retailers braced for an increasingly difficult Christmas. Read More
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CMA concludes study on music streaming market, addresses concerns from creators
Tuesday 29 Nov 2022
(Sharecast News) - The Competition and Markets Authority published its final report on the music streaming market on Tuesday and said that it is of the opinion that consumers have benefited from the d... Read More
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Mortgage approvals tumble in October
Tuesday 29 Nov 2022
(Sharecast News) - Mortgage approvals tumbled by more than expected in October, official data showed on Tuesday, as the fallout from the mini-budget weighed heavily. Read More
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National Grid poised to start emergency winter plan
Monday 28 Nov 2022
(Sharecast News) - National Grid is considering paying British households to use less energy in peak times, it emerged on Monday. Read More
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FCA publishes rules for British Steel pension redress
Monday 28 Nov 2022
(Sharecast News) - The Financial Conduct Authority published the final rules for a redress scheme on Monday, for former members of the British Steel Pension Scheme (BSPS) who received unsuitable advic... Read More
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UK retail footfall rises 3.2% week-on-week
Monday 28 Nov 2022
(Sharecast News) - Retail footfall rose in the seven days ended 26 November, according to retail experts Springboard, but still remained sharply below pre-pandemic levels. Read More
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Oil prices fall sharply on Chinese unrest
Monday 28 Nov 2022
(Sharecast News) - Oil prices fell on Monday, as rare social unrest in China weighed heavily on both equities and commodities. Read More
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Amazon's UK tax bill could jump as much as £29m
Monday 28 Nov 2022
(Sharecast News) - Retail giant Amazon could see its tax bill jump by as much as £29.0m in 2023 due to changes to business rates scheduled to come into effect across the UK. Read More
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UK retail sales slump in November - CBI
Monday 28 Nov 2022
(Sharecast News) - UK retail sales slumped in November as consumers tightened their belts amid the cost-of-living crisis, according to the latest Distributive Trades Survey from the Confederation of B... Read More
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Housing market slows in wake of mini budget
Monday 28 Nov 2022
(Sharecast News) - House price inflation slowed last month, an industry survey showed on Monday, as demand slumped following the mini-budget and homeowners cut asking prices to secure sales. Read More
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Ofgem attacked for dropping plan to ringfence consumer deposits
Saturday 26 Nov 2022
(Sharecast News) - Britain's energy regulator has been attacked for failing to protect consumer deposits as part of measures to protect customers in the wake of several suppliers going bust last year. Read More
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Primark unveils £140m investment to create 850 jobs
Friday 25 Nov 2022
(Sharecast News) - UK discount clothing retailer Primark said it planned to invest £140m, including the opening of four new stores and the creation of at least 850 jobs as it looks to increase footfal... Read More
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UK factory gate inflation revised upwards after ONS admits error
Friday 25 Nov 2022
(Sharecast News) - The UK's Office for National Statistics has been forced to revise up its producer price inflation figures due to an error, which means factory gate inflation has been higher than pu... Read More
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Jaguar Land Rover to cut production as chip shortage continues
Friday 25 Nov 2022
(Sharecast News) - Ongoing supply chain issues are seeing Jaguar Land Rover cut its UK production, it emerged on Friday, for at least three months. Read More
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PBOC to cut RRR by 25 basis points from 5 December
Friday 25 Nov 2022
(Sharecast News) - China said on Friday that it will cut its reserve requirement ratio for banks next month as it looks to bolster the economy. Read More
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