Economic news and events

The Bank of England says it has resolved a technical issue which shut down a vital system that processes around £1 trillion in transactions every...

The UK’s trade deficit narrowed in June, numbers on Friday showed, with exports largely flat on a monthly basis and imports declining.

Its trade deficit...

The UK economy was more resilient than expected in the second-quarter, seeing quarter-on-quarter growth of 0.2%, helped by a markedly better-than-forecast outturn for June.

According...

The global oil market is facing a severe shortage of crude oil due to Saudi Arabia’s decision to cut production amid a rise in demand, according...

Consumer price inflation in Ireland slowed year-on-year in July, the latest figures from Ireland’s Central Statistic Office showed on Thursday.

The consumer price index rose 5.8%...

Production in manufacturing industries declined in the second quarter of 2023 in Ireland when compared with the previous three months, data from the Central Statistics...

Growing demand for electric vehicles has driven a surge in used car sales, figures show.

Some 1.83 million cars changed hands in the UK between April...

The UK retail sector had a tricker month in July, with wet weather doing ‘no favours’ for clothing sales, numbers on Tuesday showed.

According to...

UK firms are hesitant to recruit new staff because of concerns over the economic outlook, research suggests.

The Recruitment & Employment Confederation reported a fall in...

UK house prices fell for the fourth consecutive month in July, according to Halifax data on Monday, but the mortgage lender noted the sector is...