Economic News
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UK house prices see steepest annual decline since 2011
Wednesday 20 Dec 2023
(Sharecast News) - The annual rate of decline in UK houses prices dropped in October to its steepest level in 12 years, according to figures out on Wednesday by the Office for National Statistics. Read More
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UK inflation eases more than expected in November
Wednesday 20 Dec 2023
(Sharecast News) - UK inflation eased more than expected in November, according to figures released on Wednesday by the Office for National Statistics, boosting rate cut hopes for next year. Read More
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FCA to take no action after Odey probe - reports
Tuesday 19 Dec 2023
(Sharecast News) - The Financial Conduct Authority (FCA) has wrapped up its investigation into Odey Asset Management (OAM), reportedly deciding not to pursue any further action, it emerged on Tuesday. Read More
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CMA and Bank of England ink new partnership to drive collaboration
Tuesday 19 Dec 2023
(Sharecast News) - The Competition and Markets Authority (CMA) and the Bank of England announced a new agreement on Tuesday that will see the two entities collaborate and share information to assist i... Read More
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UK manufacturing output stabilises in December - CBI
Tuesday 19 Dec 2023
(Sharecast News) - Output in the UK manufacturing sector stabilised in December, but orders remained subdued, according to a survey released on Tuesday. Read More
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US manufacturing PMI falls in December flash reading
Friday 15 Dec 2023
(Sharecast News) - A flash reading of S&P Global's US manufacturing PMI fell to 48.2 in December, the lowest level seen in four months, compared to 49.4 in November and forecasts of 49.3. Read More
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Ofgem mulls price cap rise to tackle record bad debt
Friday 15 Dec 2023
(Sharecast News) - Ofgem is proposing increasing the price cap, it was confirmed on Friday, to help suppliers to recover £3bn of bad debt. Read More
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UK house prices set to fall in 2024
Friday 15 Dec 2023
(Sharecast News) - House prices are expected to remain under pressure in 2024, according to industry forecasts published on Friday, as high interest rates continue to stretch affordability. Read More
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UK business activity hits six-month high in December
Friday 15 Dec 2023
(Sharecast News) - UK business activity rose to a six-month high in December,, according to a survey released on Friday. Read More
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UK consumer confidence ticks higher in December - GfK
Friday 15 Dec 2023
(Sharecast News) - UK consumer confidence edged higher in December, a long-running survey showed on Friday, as people became more optimistic for the year ahead. Read More
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ECB leaves interest rates on hold
Thursday 14 Dec 2023
(Sharecast News) - The European Central Bank left interest rates unchanged on Thursday, as widely expected. Read More
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US jobless claims unexpectedly fall
Thursday 14 Dec 2023
(Sharecast News) - The number of Americans filing for unemployment benefits fell last week, according to data released on Thursday by the Labor Department. Read More
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Bank of England leaves interest rates on hold
Thursday 14 Dec 2023
(Sharecast News) - The Bank of England left interest rates on hold at 5.25% on Thursday, as widely expected. Read More
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Amazon wins court battle over Luxembourg back taxes
Thursday 14 Dec 2023
(Sharecast News) - Luxembourg's Court of Justice of the European Union (CJEU) ruled on Thursday that Amazon does not have to pay €250m in back taxes to Luxembourg. Read More
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Norway's central bank hikes interest rates again
Thursday 14 Dec 2023
(Sharecast News) - Norway's central bank hiked rates again on Thursday, as it looked to combat inflation. Read More
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Outlook for UK housing market strengthens - RICS
Thursday 14 Dec 2023
(Sharecast News) - The UK housing market showed signs of stabilising in November, an industry survey showed on Thursday, although higher interest rates continued to weigh heavily. Read More
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Swiss National Bank leaves rates on hold
Thursday 14 Dec 2023
(Sharecast News) - The Swiss National Bank kept its policy rate unchanged at 1.75% on Thursday, in line with expectations. Read More
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UK economy shrinks 0.3% in October
Wednesday 13 Dec 2023
(Sharecast News) - The UK economy unexpectedly shrank in October, with all three sectors contracting, according to figures released on Wednesday by the Office for National Statistics. Read More
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UK rail station caterers 'charging 10% premium' for food - ORR
Tuesday 12 Dec 2023
(Sharecast News) - Britain's railway station catering market is uncompetitive, stifling investment in stations and forcing passengers to at least 10% more for their sausage rolls and coffees, the indu... Read More
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New mortgage commitments tumble - BoE
Tuesday 12 Dec 2023
(Sharecast News) - New mortgage commitments tumbled in the third quarter, official data showed on Tuesday, as higher interest rates weighed on the UK housing market. Read More
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