Economic News
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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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Mazars quits work with crypto firms including Binance
Friday 16 Dec 2022
(Sharecast News) - Paris-based global auditor Mazars has suspended all of its work with cryptocurrency firms, it was reported on Friday, as the fallout from the collapse of FTX continued. Read More
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EZ Dec PMI shows fall at slower rate
Friday 16 Dec 2022
(Sharecast News) - The fall in Eurozone business activity slowed in December, indicating that any recession in the single currency bloc could be milder than expected, a survey showed on Friday. Read More
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UK average house prices rise to £285,579
Friday 16 Dec 2022
(Sharecast News) - Halifax said on Friday that the average UK house price had risen £12,801 to £285,579, while annual house price growth was up 4.7% in the year to November. Read More
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UK economic downturn eases but manufacturing output falls
Friday 16 Dec 2022
(Sharecast News) - The downturn in UK economic activity eased in December, but output in the manufacturing sector fell to a four-month low, according to a survey released on Friday. Read More
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Taylor Wimpey chair Irene Dorner to step down
Friday 16 Dec 2022
(Sharecast News) - Housebuilder Taylor Wimpey said on Friday that chair Irene Dorner will be stepping down for personal family reasons at the conclusion of the 2023 annual general meeting in April. Read More
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UK retail sales fall in November, miss expectations
Friday 16 Dec 2022
(Sharecast News) - UK retail sales unexpectedly fell last month, according to data released on Friday by the Office for National Statistics. Read More
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UK consumer confidence nudges higher - GfK
Friday 16 Dec 2022
(Sharecast News) - UK consumer confidence remains at historic lows, a survey showed on Friday, as the poor economic climate continues to weigh heavily Read More
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ECB lifts rates by 50 basis points; outlook hawkish
Thursday 15 Dec 2022
(Sharecast News) - The European Central Bank hiked interest rates on Thursday by 50 basis points, as expected, in the face of surging inflation. Read More
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BoE hikes rates by 50 basis points, as expected
Thursday 15 Dec 2022
(Sharecast News) - The Bank of England hiked rates by 50 basis points on Thursday, as expected, as it looks to tackle surging inflation. Read More
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