Economic News
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UK avoids recession, but living standards plunge, taxes rise - OBR
Thursday 16 Mar 2023
(Sharecast News) - Britain's economy is forecast to avoid a recession in 2023, but living standards are still set to record their biggest two-year fall in seven decades, while the tax burden also incr... Read More
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UK to avoid recession as Hunt unveils 'budget for growth'
Wednesday 15 Mar 2023
(Sharecast News) - The UK will avoid a technical recession this year with inflation falling below 3%, the chancellor of the exchequer confirmed on Wednesday, as he unveiled a 'budget for growth'. Read More
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UK's Hunt abolishes lifetime pension allowance
Wednesday 15 Mar 2023
(Sharecast News) - UK Finance Minister Jeremy Hunt said he was abolishing the lifetime pensions allowance. Read More
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NY manufacturing activity deteriorates sharply in March
Wednesday 15 Mar 2023
(Sharecast News) - Manufacturing activity in the New York region deteriorated sharply in March, according to data released on Wednesday. Read More
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China's economy shows signs of recovery
Wednesday 15 Mar 2023
(Sharecast News) - China's economy strengthened in the first two months of 2023, official data showed on Wednesday, after the end of Covid restrictions boosted consumer spending. Read More
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UK govt u-turns to extend energy bill support scheme by 3 months
Wednesday 15 Mar 2023
(Sharecast News) - The UK government has bowed to pressure from campaigners and u-turned on plans to axe support for household energy bills as another price rise in April threatened to put some famili... Read More
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Asda's purchase of Co-op petrol stations raises CMA concerns
Tuesday 14 Mar 2023
(Sharecast News) - The merger between Asda and the Co-op's petrol stations and attached grocery stores could lead to higher prices for motorists and shoppers, the Competition and Markets Authority (CM... Read More
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UK unemployment rate stable, wage growth slows
Tuesday 14 Mar 2023
(Sharecast News) - The UK unemployment rate was steady in the three months to January, while wage growth slowed for the first time in more than a year, according to data released on Tuesday by the Off... Read More
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First Republic plunges in SVB fallout despite fresh funding
Monday 13 Mar 2023
(Sharecast News) - Shares in First Republic Bank were plummeting in early trading on Wall Street on Monday, despite the bank securing a fresh injection of funding over the weekend. Read More
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UK retail footfall drops amid extreme weather
Monday 13 Mar 2023
(Sharecast News) - Retail experts MRI Springboard revealed on Monday that wild weather last week had heavily impacted high street retailers, leading to a drop in weekly footfall. Read More
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Gilt yields drop as investors rush to safety
Monday 13 Mar 2023
(Sharecast News) - Gilt yields slid on Monday, with investors rushing to safety as the collapse of Silicon Valley Bank continued to rattle markets. Read More
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Strong demand helps boost hight street sales
Friday 10 Mar 2023
(Sharecast News) - High street sales jumped last week, research showed on Friday, despite the cost of living crisis continuing to weigh heavily on the UK. Read More
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German inflation stabilises in February
Friday 10 Mar 2023
(Sharecast News) - German inflation was unchanged last month, official data showed on Friday, with both energy and food prices remaining high. Read More
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UK economy returns to growth in January
Friday 10 Mar 2023
(Sharecast News) - The UK economy returned to growth in January, according to data released on Friday by the Office of National Statistics, raising hopes that a recession will be avoided. Read More
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Lenders must help struggling borrowers - FCA
Friday 10 Mar 2023
(Sharecast News) - Mortgage providers must support struggling borrowers, the financial regulator reiterated on Friday, as it warned that an additional 356,000 households were at risk of falling into f... Read More
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Tight labour market continuing to hit UK firms - ONS
Thursday 09 Mar 2023
(Sharecast News) - More than a quarter of British companies were hit by worker shortages last month, a survey from the Office for National Statistics showed on Thursday. Read More
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Chinese inflation eases more than expected
Thursday 09 Mar 2023
(Sharecast News) - Chinese consumer price inflation eased more than expected in February, according to data released on Thursday by the National Bureau of Statistics. Read More
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UK housing market still falling, but glimmer of optimism appears - RICS
Thursday 09 Mar 2023
(Sharecast News) - Britain's housing market is still falling but there are indications that pessimism is easing, according to a closely-watched surveyors survey. Read More
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US private sector adds more jobs than expected
Wednesday 08 Mar 2023
(Sharecast News) - Private sector employment in the US rose more than expected in February, according to the latest data from ADP. Read More
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BoE's Dhingra says rate rise would harm economy
Wednesday 08 Mar 2023
(Sharecast News) - Further rises in UK interest rates could harm an already weakened economy and hard-pressed households, a Bank of England policymaker warned on Wednesday. Read More
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