Economic News
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UK retail footfall slumps in week following Christmas
Tuesday 03 Jan 2023
(Sharecast News) - UK retail footfall slumped last week, according to retail experts Springboard, even as retailers benefitted from increased footfall each day from Boxing Day to 29 December. Read More
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UK house price growth slows to 14-year low in December
Friday 30 Dec 2022
(Sharecast News) - UK house price growth decelerated at pace in December, according to lender Nationwide, with prices delivering their worst performance since the Global Financial Crisis. Read More
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Japan, Taiwan to test China arrivals as Covid cases surge
Wednesday 28 Dec 2022
(Sharecast News) - The Japan and Taiwan have announced measures on Wednesday to deal with an expected influx of travellers from China after Beijing said it planned to relax Covid border controls amid ... Read More
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UK retail footfall surges on Boxing Day
Wednesday 28 Dec 2022
(Sharecast News) - UK retail footfall surged 33.8% on Boxing Day, with high streets and central London leading the charge. Read More
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Core inflation reaches four-decade high in Japan
Friday 23 Dec 2022
(Sharecast News) - Fresh data out of Japan showed core consumer prices rising at their fastest rate in more than 40 years on Friday, in an economy notorious for its usual lack of inflationary pressure... Read More
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Rail fares to rise by nearly 6% in March
Thursday 22 Dec 2022
(Sharecast News) - Rail fares are set to rise by 5.9% next year in what will be the biggest increase in a decade. Read More
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UK economy contracts more than first estimated in Q3
Thursday 22 Dec 2022
(Sharecast News) - The UK economy contracted more than first estimated in the three months to September as household incomes fell, according to figures released on Thursday by the Office for National ... Read More
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UK housing market falters as demand tumbles
Thursday 22 Dec 2022
(Sharecast News) - House prices continued to rise in November, an industry survey showed on Thursday, but demand tumbled as nervous buyers put purchases on hold. Read More
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Retail sales pick up in December but cheer not expected to last
Wednesday 21 Dec 2022
(Sharecast News) - UK retail sales unexpectedly picked up in the run-up to Christmas, according to the latest Distributive Trades Survey from the Confederation of British Industry. Read More
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Government borrowing hits record high
Wednesday 21 Dec 2022
(Sharecast News) - Public sector borrowing more than doubled in November, official data showed on Wednesday, fuelled by government intervention on soaring energy bills and cost of living payments. Read More
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German consumer sentiment set to improve - GfK
Wednesday 21 Dec 2022
(Sharecast News) - German consumer sentiment is set to improve in January, thanks in part to the government's energy relief packages, according to a survey released on Wednesday by market research gro... Read More
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Train drivers to stage another strike in January
Tuesday 20 Dec 2022
(Sharecast News) - Train drivers announced another one-day strike on Tuesday, set down for 5 January, after members at 15 train operators voted for more walk-outs in a long-running dispute over pay. Read More
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House prices set to fall by 5% next year - Nationwide
Tuesday 20 Dec 2022
(Sharecast News) - House prices are likely to fall by 5% next year, Nationwide forecast on Tuesday, as borrowers face higher interest rates and a squeeze on earnings. Read More
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PBoC holds loan prime rate steady
Tuesday 20 Dec 2022
(Sharecast News) - The People's Bank of China kept its benchmark interest rates on hold for the fourth month in a row on Tuesday, in line with expectations. Read More
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Bank of Japan shocks markets with policy tweak
Tuesday 20 Dec 2022
(Sharecast News) - The Bank of Japan shocked markets on Tuesday as it held its benchmark interest rates steady but said it was widening its yield target range. Read More
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UK manufacturing output falls in December - CBI
Monday 19 Dec 2022
(Sharecast News) - Output in the UK manufacturing sector fell in December amid rising inflation, according to the Confederation of British Industry's Industrial Trends survey released on Monday. Read More
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Ides of March for UK as Hunt sets Spring Budget date
Monday 19 Dec 2022
(Sharecast News) - UK Finance Minister Jeremy Hunt will set out a spring budget on March 15 2023, the Treasury said on Monday amid a cost-of-living crisis and rising anger over depressed public sector... Read More
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Retailers brace for tough Christmas as strikes hit footfall
Monday 19 Dec 2022
(Sharecast News) - Retailers looked set for a subdued Christmas on Monday, after rail strikes and the cold weather deterred already hard-pressed shoppers. Read More
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German business sentiment improves 'considerably' - Ifo
Monday 19 Dec 2022
(Sharecast News) - German business sentiment improved "considerably" in December, according to a survey released on Monday by the Ifo Institute. Read More
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UK facing 'shallow but protracted' recession - KPMG
Monday 19 Dec 2022
(Sharecast News) - The UK is facing a lengthy recession, KPMG warned on Monday, as high inflation and rising interest rates continue to squeeze incomes throughout 2023. Read More
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