Economic News
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Watchdog mulls giving car finance firms until late 2025 to handle complaints
Thursday 21 Nov 2024
(Sharecast News) - The financial watchdog is considering giving firms up until the end of 2025 to handle car finance complaints, it confirmed on Thursday. Read More
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UK govt borrows more than expected in October
Thursday 21 Nov 2024
(Sharecast News) - The UK government borrowed more than expected in October as spending and debt repayments outstripped tax receipts, official data showed on Thursday. Read More
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Tokyo metro operator grabs Elizabeth Line contract from China's MTR
Wednesday 20 Nov 2024
(Sharecast News) - Tokyo's metro system operator, Japanese trading company Sumitomo and Britain's Go-Ahead Group have won a contract to operate London's troubled Elizabeth Line, taking over from China... Read More
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House prices push higher in September - UK HPI
Wednesday 20 Nov 2024
(Sharecast News) - UK house prices continued to grow in September, official data showed on Wednesday, despite weakness in the London market. Read More
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UK inflation rises more than expected amid higher energy bills
Wednesday 20 Nov 2024
(Sharecast News) - UK inflation jumped past the Bank of England's target in October after energy bills rose, according to data released on Wednesday by the Office for National Statistics. Read More
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GMB union calls retailer jobs threat on tax measures 'pathetic'
Tuesday 19 Nov 2024
(Sharecast News) - The GMB Union on Tuesday called large UK retailers "utterly pathetic" over their threat to cut jobs in response to tax measures in the new Labour government's first Budget. Read More
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Retailers warn of £7bn spike in costs from Budget measures
Tuesday 19 Nov 2024
(Sharecast News) - More than 80 leading retail leaders signed an open letter to Chancellor Rachel Reeves on Tuesday, expressing grave concerns about the economic impact of the Autumn Budget on the ret... Read More
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Retailers warn of £7bn spike in costs from Budget measures
Tuesday 19 Nov 2024
(Sharecast News) - More than 80 leading retail leaders signed an open letter to Chancellor Rachel Reeves on Tuesday, expressing grave concerns about the economic impact of the Autumn Budget on the ret... Read More
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UK consumer sentiment dips as confidence in finances declines
Monday 18 Nov 2024
(Sharecast News) - Consumer confidence in the UK edged lower in November, according to the results of a survey from S&P Global on Monday, as falling optimism about job security and a gloomier outlook ... Read More
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Energy prices expected to rise further in Q1
Monday 18 Nov 2024
(Sharecast News) - UK energy prices are expected to rise again in early 2025 to an average £1,736 per household, according to energy consultants Cornwall Insight. Read More
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Budget weighs on UK house prices - Rightmove
Monday 18 Nov 2024
(Sharecast News) - UK house prices eased in November, industry research showed on Monday, as uncertainty around the Budget weighed on demand. Read More
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Ofgem green lights funding for £2bn undersea power cable
Friday 15 Nov 2024
(Sharecast News) - Britain's energy regulator has given the funding green light for a £2bn subsea and underground cable which transport electricity from wind farms in Scotland to the North East. Read More
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UK economic growth stalls in third quarter
Friday 15 Nov 2024
(Sharecast News) - The UK economy grew by 0.1% in the last quarter, official data showed on Friday, slightly below expectations. Read More
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Chinese retail sales beat forecasts
Friday 15 Nov 2024
(Sharecast News) - Retail sales jumped in China last month, official data showed on Friday, in contrast to the ongoing gloom surrounding the under-pressure property sector. Read More
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EU fines Meta EUR 798m over Facebook Marketplace competition concerns
Thursday 14 Nov 2024
(Sharecast News) - The European Union has imposed a €797.72m fine on Facebook's parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online ... Read More
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Chancellor to shake-up council pension schemes
Thursday 14 Nov 2024
(Sharecast News) - Rachel Reeves is to use her first Mansion House speech as chancellor to unveil a slew of reforms to UK pension rules. Read More
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House prices continue to climb - Rics
Thursday 14 Nov 2024
(Sharecast News) - UK house prices continued to rise in October, a closely-watched survey showed on Thursday, as the market benefited from lower borrowing costs. Read More
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Opus Energy agrees redress after 20 years of overcharging
Wednesday 13 Nov 2024
(Sharecast News) - Opus Energy has agreed to pay over £7m in compensation after overcharging nearly 88,000 business customers due to long-standing billing errors, Ofgem announced on Wednesday. Read More
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UK grocery sales growth eases with shoppers cautious ahead of Christmas
Wednesday 13 Nov 2024
(Sharecast News) - Grocery sales growth slowed slightly over the month of October as shoppers held back spend ahead of Black Friday and Christmas, according to data from consumer intelligence firm NIQ... Read More
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Festive shopping drives UK grocery sales to yearly high
Tuesday 12 Nov 2024
(Sharecast News) - UK grocery sales hit their highest levels in October, according to data out on Tuesday from market research firm Kantar, as the number of shopping trips hit a four-year high. Read More
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