Economic news and events


UK government cuts £1.3 billion of UK tech and AI funding

The new Labour government in the UK has shelved £1.3 billion of ‘unfunded’ investment for UK tech and AI projects promised by the previous Conservative...

Fri, 02/08/2024 - 09:01


UK footfall drops again in July as election sparks shopping pause

Footfall declined for the 12th month in a row as fewer customers visited UK shopping centres in a pre-election lull, figures on Friday showed.

Total...

Fri, 02/08/2024 - 05:03


UPDATE: BoE cuts but ‘persistent’ prices something to be wary of

Bank of England Governor Andrew Bailey fell short of saying Thursday’s rate cut is a ‘one and done’ event but did not rule out Threadneedle...

Thu, 01/08/2024 - 14:43


TOP NEWS: Bank of England votes 5-4 to cut bank rate to 5%

The Bank of England on Thursday touted progress in tackling inflation, as it enacted a quarter-point cut to interest rates - a first since the...

Thu, 01/08/2024 - 12:25


GPs vote to begin industrial action which could last ’months’

Family doctors across England are to stage unprecedented industrial action amid a row over the new contract for GP services in England.

More than 8,500 GPs...

Thu, 01/08/2024 - 12:19


UK house price growth accelerates slightly in June - Nationwide

UK house prices picked up in July, numbers from mortgage lender Nationwide showed Thursday, but remain around 3% off record highs.

House prices rose 0.3%...

Thu, 01/08/2024 - 11:26


TOP NEWS: UK manufacturing sector grows but inflation pressure hots up

The UK manufacturing sector strengthened in July, a survey revealed on Thursday, but rampant inflation is a ‘blot on the copybook’.

The S&P Global UK manufacturing...

Thu, 01/08/2024 - 09:46


Irish manufacturing activity returns to slight growth in July

Manufacturing activity edged up to mild growth in July, data published by S&P Global showed Thursday.

The headline AIB Ireland manufacturing purchasing managers’ index posted 50.1...

Thu, 01/08/2024 - 06:06


Funds for new UK clean power schemes in boost to record £1.5 billion

The UK government is increasing the budget to support the next wave of renewable energy schemes to a record £1.5 billion, it has announced.

Labour has...

Wed, 31/07/2024 - 06:59


Taxes will likely be raised in this autumn - UK Chancellor Reeves

Taxes will likely be raised in the budget later this year, new UK Chancellor Rachel Reeves has said.

The chancellor said Labour would stick to its...

Wed, 31/07/2024 - 06:57


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